1A/171 Rattray Road, Montmorency VIC 3094
1A/171 Rattray Road, Montmorency VIC 3094
Large 959m² family block | four-bedroom owner-occupied finish | sun-drenched open plan | established leafy pocket near schools | premium asking above local norm
What stands out here is the combination of genuine land size and a finished, move-in-ready house. At roughly 959 square metres, this is a rare offering in a suburb where many family homes sit on smaller or more irregular lots. The polished timber floors, open-plan living, and established gardens suggest a property that has been maintained with care, not just patched together for sale. It reads as a long-term family home, the kind that suits buyers who want space indoors and out, without taking on a renovation project. The location reinforces that appeal: close to primary schooling, a solid secondary option, and the everyday conveniences of Were Street, all within a quiet, leafy corridor. This property likely serves established families or upgraders who value land, privacy, and immediate comfort over potential or redevelopment yield.
The pricing sits above much of the local market, which may reflect the larger site and the quality of the finish rather than any single standout feature. Buyers should weigh whether the premium is justified by the house’s condition and the land’s usability, particularly how the gardens and outdoor areas function for daily family life. The absence of detailed inclusions like solar, heating, or pool means some value may hinge on what is not explicitly advertised. The street itself shows mixed activity, with some nearby sites attracting redevelopment interest, so the long-term character of the pocket could shift. That may support value over time, but it also introduces a degree of uncertainty around future density. The property’s appeal is strongest for those who intend to stay and enjoy it, rather than flip or develop quickly.
|| Comparable Sales: 176 Rattray Road sold at $850,000 for a smaller 3-bed house on 912m²; 3/171 Rattray Road last traded in 2021 as a 4-bed on 903m² | Property Price Band: $1.6M–$1.7M | Value Drivers: land size, finished condition, established gardens and layout
Detailed Independent Property Report prepared by PropCred Analyst team for 1A/171 Rattray Road, Montmorency VIC 3094
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Montmorency is a well-established, family-focused suburb in Melbourne’s northeast, prized for its leafy setting and strong transport links. Demand is driven primarily by owner-occupying families and commuting professionals, attracted by quality local schools and a stable community. The housing market demonstrates resilience with steady annual sales, while the unit segment has experienced recent softening. Future growth is supported by consistent family demand, though affordability constraints and modest rental yields present considerations for investors.
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PropCred Estimated Value
Comparable Sales: 176 Rattray Road sold at $850,000 for a smaller 3-bed house on 912m²; 3/171 Rattray Road last traded in 2021 as a 4-bed on 903m² | Property Price Band: $1.6M–$1.7M | Value Drivers: land size, finished condition, established gardens and layout
Bedrooms
4
Bathroom
2
Parking
3
Land
959m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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