113 Woolnough Drive, Mill Park VIC 3082
113 Woolnough Drive, Mill Park VIC 3082
A 1990-built, single-level house with three bedrooms, one bathroom, and three car spaces on a 675m² residential lot. The property includes ducted heating, ducted cooling, a deck, a dishwasher, a two-way bathroom, a storage shed, and is zoned for Mill Park Heights Primary and Lalor North Secondary College.
The property’s three-car garage and full ducted climate control are uncommon in Mill Park’s established 1990s stock, providing genuine convenience and storage advantage over typical one-to-two-car offerings. The 675m² lot, while slightly smaller than the suburb average, offers a manageable and private outdoor space without the maintenance of a larger block. This house is best suited to young families or first-home buyers seeking a move-in ready home with strong school catchment access and reliable rental demand. Its position in a quiet, tree-lined street reinforces its appeal for those prioritising a settled neighbourhood character over newer developments.
The 1990 construction age means the property may require attention to roofing, insulation, or plumbing systems typical of that era, and the single bathroom could be a constraint for growing families or future resale compared to two-bathroom alternatives. The existing two-way bathroom layout partially mitigates this, but buyers should budget for potential upgrades. The lot’s size might limit future extension opportunities, and the absence of premium amenities in the immediate vicinity could temper capital growth relative to areas with active infrastructure investment. Rental yield near three percent is moderate, aligning with suburban averages rather than delivering exceptional returns.
Detailed Independent Property Report prepared by PropCred Analyst team for 113 Woolnough Drive, Mill Park VIC 3082
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Mill Park is a well-established northern suburb offering strong connectivity via major freeways and rail, appealing to family buyers and commuters. Demand is driven by families and young professionals seeking proximity to employment hubs, supported by consistent rental demand from investors. The market exhibits robust price growth across both houses and units, with a steady sales volume indicating sustained activity. Future growth is underpinned by infrastructure links and school catchments, though affordability pressures and interest rate sensitivity present key constraints to entry-level buyers.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
3
Land
675m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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