34 Mcarthur Road, Ivanhoe East VIC 3079
34 Mcarthur Road, Ivanhoe East VIC 3079
1945 house | 697m² lot | 226m² footprint | 2 bed 1 bath | school-zone land
A substantial 226m² footprint is situated on a 697m² residential block, which makes this property one of the more generously sized built forms on the street. The 1945 dwelling presents as a single-level canvas that could be renovated or rebuilt. School zoning for Ivanhoe East Primary School and Kew High School is confirmed, and mobile and NBN coverage is present. No bushfire, flood, or heritage overlays are detected, which reduces planning complexity. The modest two-bedroom configuration is seen by some as a drawback, but the land and footprint are regarded as the primary draw for family buyers seeking a long-term address.
Value may be influenced by the condition of the original kitchen, bathroom, and roof. The large footprint with low bedroom count could be reconfigured internally; however, 32% building coverage might constrain major expansion. The elevated street and school demand may support a premium, but dated finishes and modest accommodation could suppress immediate resale. Upgrade costs should be weighed against land value.
Detailed Independent Property Report prepared by PropCred Analyst team for 34 Mcarthur Road, Ivanhoe East VIC 3079
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Ivanhoe East, 10km northeast of the CBD, remains a quiet, affluent pocket defined by period homes, tree-lined streets, and strong owner-occupier demand, chiefly from professionals aged 50–59. House prices sit around $2.34–$2.43 million, with annual growth ranging from –2.9% to +7.1% across sources, signalling a stalled, transaction-thin market of roughly 43–46 sales per year and median selling times of 56–70 days. Units tell a weaker story: median prices between $737,000 and $880,000, with annual declines of 20–27%, and gross rental yields at 3.3%. Demand drivers remain the high-quality school catchments, village charm, and large 4–5 bedroom blocks, buttressed by high household incomes. However, affordability constraints are binding, as evidenced by falling unit values, low auction clearances, and community resistance to mixed-use redevelopment—all capping near-term upside.
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PropCred Estimated Value
Comparable Sales: 72 Mcarthur Road (4/4/2 on 696.8m², sold $2.5M Mar 2025) | Property Price Band: $1.7M-$1.8M | Value Drivers: land size, school zone, reconfiguration potential
Bedrooms
3
Bathroom
1
Parking
3
Land
697m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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