29 Koonalda Road, Gladstone Park VIC 3043

29 Koonalda Road, Gladstone Park VIC 3043
A single-story house with three bedrooms one bathroom and two car spaces on a 532 square metre block. Built between 2018 and 2020 this property offers a practical family layout within a quiet residential suburb. The three-bedroom configuration and single-story design are considered well suited to families seeking accessible space without stairs. The land size is typical for the area providing a comfortable outdoor area. The suburb is known for its family-oriented character and stable demand which aligns with this propertys positioning. This property serves best buyers looking for a straightforward family home in an established neighbourhood where maintenance is manageable and lifestyle appeal is consistent. The propertys value may be affected by its single bathroom configuration which might limit appeal compared to homes with additional bathrooms. The build age from the late 2010s may not incorporate the latest energy efficiency standards potentially influencing running costs. These elements should be weighed by prospective buyers when forming a view on price as they could impact long term satisfaction and marketability.
Detailed Independent Property Report prepared  by PropCred Analyst team for 29 Koonalda Road, Gladstone Park VIC 3043
Checks found:
Value Risk ! 1
Liquidity Risk ✕ 2
Planning Risk ✕ 2
Income Risk ! 1
Execution Risk ✕ 2
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Market Insight

Gladstone Park is a well-established northern suburb attracting young professionals and families, evidenced by its dominant demographic and high auction clearance rates. Demand is driven by owner-occupiers seeking family homes, supported by strong annual price growth. The market is characterised by robust house sales and price appreciation, though the unit segment shows significant weakness. Future growth is underpinned by sustained demand for houses, while key constraints include a declining population and a notably underperforming unit market.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

2

Land

532m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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