51 Bertrand Avenue, Mulgrave VIC 3170
51 Bertrand Avenue, Mulgrave VIC 3170
Renovated 4-bed house with pool|650m² family lot|strong owner-occupied street|tight rental market|school catchment
A renovated interior is presented with premium finishes, including stone benchtops, Bosch appliances, polished hardwood floors, and a covered alfresco deck. An in-ground pool and secure front fence are included, setting this house apart from standard suburban stock. The 650m² landholding is consistent with established family-house lots in Mulgrave, and the street is noted for its high owner-occupier share. School catchment access and proximity to shopping, freeway, and parks are provided. This property is best suited to families and upgraders seeking a move-in-ready house with outdoor entertaining and strong rental appeal.
The value might be influenced by the renovation quality and the pool, which may command a premium over plain stock. The 650m² land size may appeal to families, but an unconfirmed aspect and building age could temper expectations. Freeway proximity might be mixed, offering convenience with possible traffic noise. Buyer interest may be strongest from owner-occupiers in this tight rental market.
Detailed Independent Property Report prepared by PropCred Analyst team for 51 Bertrand Avenue, Mulgrave VIC 3170
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Mulgrave, 21km southeast of the CBD, is a family-oriented market anchored by professional couples with children, high owner-occupancy at 74.8% and strong auction clearance rates of 86-95%. House prices have climbed to a median of roughly $1.1-$1.2 million, with annual growth between 5.3% and 7.0% and 31.8% over five years; houses sell in about 35-38 days. Units are weaker, with annual declines of 3.7% to 9.6%, though quarterly REIV data shows a 23.1% bounce. Demand is driven by spacious homes and school-friendly streets, with income roughly 0.6% above Greater Melbourne. Future growth is supported by limited listings—36 for sale, 25 in the last month—and tight rental supply, but affordability constraints are visible in mortgage repayments of $1,800-$2,399 monthly and softer unit performance.
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PropCred Estimated Value
Comparable Sales: 27 Bertrand Avenue sold $1,071,000 | Property Price Band: $1.0M-$1.1M | Value Drivers: renovated condition, 650m² land, in-ground pool
Bedrooms
4
Bathroom
2
Parking
2
Land
650m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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