1 Chartwell Drive, Wantirna VIC 3152
1 Chartwell Drive, Wantirna VIC 3152
3-bed single-level house | school catchment focus | owner-occupied street | updated condition | modest land
This single-level three-bedroom house is situated in established family-oriented Wantirna, where detached housing is consistently sought by owner-occupiers. Its configuration is regarded as a practical entry point into a school-catchment-focused market, with Regency Park Primary School and Wantirna College both within walking distance. The street profile is largely owner-occupied, which is considered a sign of stable neighbourhood character. Recent updating is understood to have been completed. This house is best suited to first-home buyers, small families, and downsizers who prefer single-level living. It is expected to compete strongly among buyers prioritising school access and suburban amenity, with a genuine alternative to larger, younger family homes in the same area offered.
Value may be influenced by the age and original construction of the house, with the wider pocket characterised by older single-level brick-veneer stock. A premium might be supported by recent updating, yet the single-bathroom layout could be seen as a limitation for larger households. Redevelopment potential and future capital growth may be constrained by modest land size. Indoor comfort and buyer perception may be influenced by orientation and aspect. School catchment stability is considered price-supportive, although that advantage could be altered by any future zoning adjustments. A balanced price view is formed by weighing updated presentation against the constraints of an older, smaller footprint.
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Chartwell Drive, Wantirna VIC 3152
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Wantirna South, 26 km east of Melbourne, is a family and professional stronghold with excellent schools, strong transport links, and Westfield Knox as the retail anchor. Demand is underpinned by high ownership (82% owned or mortgaged) and a median age of 41, reflecting settled residents. House prices sit at $1,195,000 after 11.45% annual growth, while units reached $730,000 (4.73%). Houses sell in a median 24 days on just 164 annual sales, signalling tight supply. Gross yields remain low for houses at 2.97% but firmer for units at 4.53%, with weekly rents of $670 and $600. Green spaces add to liveability, but modest house yields and rate sensitivity pose constraints on further price acceleration.
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PropCred Estimated Value
Comparable Sales: two recent Chartwell Drive houses at $925,000 and $952,000 | Property Price Band: $900,000-1,000,000 | Value Drivers: condition, school catchment, land size
Bedrooms
3
Bathroom
1
Parking
2
Land
486m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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