8 Kanangra Terrace, Wollert VIC 3750
8 Kanangra Terrace, Wollert VIC 3750
2-bed townhouse | 148m² compact footprint | Edgars Creek school zones | ~5% yield signal | investor and first-home appeal
This townhouse holds a clear competitive edge as a low-maintenance, entry-level option in a suburb where detached family houses dominate. Its compact 148m² footprint and two-car configuration make it practical for first-home buyers or investors seeking rental demand rather than space. The school catchment alignment and modern digital infrastructure add genuine day-to-day appeal, while the estimated rent of $485 per week against a $496,000 value points to solid income potential. It serves buyers prioritising affordability, convenience, and yield over internal size or land area.
Value may be shaped by the absence of a confirmed floor plan, build year, or aspect, leaving presentation and internal layout as unknown variables. The comparable 2019-built stock nearby suggests a modern finish, but condition and parking configuration could shift price perception. Buyers might weigh the smaller land size against the suburb’s typical family-house product, and should consider how the townhouse’s compact nature affects resale to downsizers or investors. Rental demand appears steady, but any variability in tenant preferences could temper future growth.
Detailed Independent Property Report prepared by PropCred Analyst team for 8 Kanangra Terrace, Wollert VIC 3750
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Wollert, in Melbourne’s outer north, is a family-dominated market with owner-occupiers and renters in family households driving demand. Young families and first-home buyers target affordable housing around the $700,000 median house price, while investors are drawn to unit yields of roughly 5%. House prices have grown annually between 3.6% and 6.9%, with units posting stronger growth up to 13.76%. Days on market for houses range from 42 to 82 days, suggesting a balanced market. Demand is supported by population growth, Hume Freeway access, and infrastructure upgrades in the Whittlesea growth corridor. Key constraints include affordability stretched above $700,000, increasing supply from new developments, and sensitivity to interest rate changes.
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PropCred Estimated Value
Comparable Sales: 6 Kanangra Terrace sold $450k–$495k; 5C Kanangra Terrace valued near $510k | Property Price Band: $450k–$550k | Value Drivers: internal layout, parking count, presentation quality
Bedrooms
2
Bathroom
2
Parking
2
Land
148m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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