12 Glen Drive, Eaglemont VIC 3084
12 Glen Drive, Eaglemont VIC 3084
Large 1,207 m² block | Four-bedroom family house | Tightly held prestige street | Strong owner-occupier demand | Low yield, capital-growth focus
This house offers a rare combination of substantial land and established family accommodation in a suburb where large allotments are increasingly scarce. The 1,207 m² site provides genuine flexibility for future renovation, extension, or a considered rebuild, which positions it well within Eaglemont’s upper-to-mid detached-house market. The four-bedroom, three-bathroom layout suits a family seeking space and privacy without the immediate need for major works. Given the suburb’s high owner-occupier concentration and thin turnover, this property is best suited to a buyer looking for a long-term family home with strong land-value fundamentals, rather than a short-term flip or rental-focused purchase.
The property’s value may be influenced by its exact condition and finish level, which are not fully known from public information. The absence of a confirmed build year means the quality of the original construction and any prior updates could materially affect both immediate appeal and future renovation costs. The large block may also carry planning considerations common in parts of Eaglemont, such as heritage or flood overlays, which could limit redevelopment potential. Buyers should weigh the opportunity to add value through modernisation against the possibility of constraint-driven restrictions. The low rental yield typical of this market suggests the price is driven by land and lifestyle appeal rather than income return.
Detailed Independent Property Report prepared by PropCred Analyst team for 12 Glen Drive, Eaglemont VIC 3084
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Eaglemont, a prestige riverside suburb on the Hurstbridge line 25 minutes from the CBD, draws professional households—42% professionals, 18% managers—and families, who constitute 65% of buyers. Median house prices range from $2.5–2.7 million, with annual growth of 11.6–14.8% and 38–54 days on market, reflecting tight conditions. Units cluster near $1 million, with 8.4–17.4% annual growth. Demand rests on limited supply, heritage overlays, and strong school catchments such as Eaglemont Primary and Viewbank College. Key constraints: entry above $2.5 million blocks first-home buyers, and interest-rate sensitivity on high loan-to-value purchases tempers upside.
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PropCred Estimated Value
Comparable Sales: 12 Glenard Drive sold March 2025 for $4.81M | Property Price Band: $2.1M–$2.3M | Value Drivers: Land size, condition and finish level, renovation or rebuild potential
Bedrooms
4
Bathroom
2
Parking
2
Land
1207m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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