5 Blanton Drive, Mulgrave VIC 3170
5 Blanton Drive, Mulgrave VIC 3170
This is a 4-bedroom, 2-bathroom single-level house on a 683 square metre lot with a double garage and 233 square metres of internal living space. Built in the mid-1990s to early 2000s, it sits in a quiet Mulgrave street and is zoned for Rosewood Downs Primary School and Carwatha College P-12.
The property is competitively positioned as a family-oriented single-level home on a generous lot, offering a practical layout with built-in wardrobes, air conditioning, heating, an alarm system, an intercom, and a spa. Its building coverage of only 34 percent provides more open outdoor space than many comparable homes, which is a rare advantage in this suburb. The house serves best families seeking a secure, low-maintenance property with premium finishes and direct access to established school catchments, all within a quiet residential setting that lacks any bushfire, flood, or heritage overlays.
Value may be influenced by the minor discrepancy in reported land size, as some sources list 379 square metres while others show 683 square metres, so a formal survey could clarify the actual footprint. The property also has a bathroom count inconsistency, with one source noting three bathrooms instead of two, which might affect buyer perception. Its 2015 sale price of $1.12 million, relative to current estimates, suggests steady market growth, but the lack of recent high-profile sales in the immediate area could temper demand. The potential rental yield of around 3.3 percent is moderate for the suburb, so a buyer should weigh this against the property’s solid condition and family-friendly features when forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Blanton Drive, Mulgrave VIC 3170
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Mulgrave is a well-established, family-oriented suburb with strong owner-occupier appeal, evidenced by high auction clearance rates. Demand is driven by young professional families seeking spacious homes in a settled community. The housing market demonstrates robust growth, while the unit segment currently faces price headwinds. Future performance is underpinned by its established character and proximity to the city, though sensitivity to interest rates and unit market softness present key considerations.
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PropCred Estimated Value
Bedrooms
4
Bathroom
3
Parking
2
Land
379m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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