106 Lyrebird Drive, Carrum Downs VIC 3201
106 Lyrebird Drive, Carrum Downs VIC 3201
Detached family house | 1990s build with renovation upside | 3–4 bed demand profile | Strong school catchment | Mid-sized block
This property sits in a well-established pocket of Carrum Downs where detached houses dominate and family buyers are the primary audience. The street itself carries a mix of original 1990s builds and updated homes, which means this house has clear potential to compete with renovated neighbours if the interiors have been refreshed. Its likely configuration—three to four bedrooms, two bathrooms, and off-street parking—aligns closely with what local households are actively seeking. The school zoning to Rowellyn Park Primary and Carrum Downs Secondary College adds practical appeal for young families, and the area’s steady rental demand suggests it could also suit an investor looking for a reliable tenant profile. For a buyer wanting a solid suburban base with scope to add value through cosmetic updates, this property fits that brief comfortably.
The value picture may be shaped by how the house compares to recently updated stock on the same street. If the kitchen, bathrooms, or flooring remain dated, there is room to lift the property’s market position with targeted improvements. Land size could vary meaningfully across the street, so a larger parcel might justify a premium, while a smaller block could limit future extension options. Condition will likely be the deciding factor—homes that present well and feel move-in ready tend to attract stronger offers, whereas original finishes may appeal more to renovators or investors willing to trade time for equity.
|| Comparable Sales: 7 Lyrebird Drive sold Dec 2024 (renovated 4-bed), 58 Lyrebird Drive sold at $768,000 | Property Price Band: $700,000–$800,000 | Value Drivers: internal condition, land size, school catchment appeal
Detailed Independent Property Report prepared by PropCred Analyst team for 106 Lyrebird Drive, Carrum Downs VIC 3201
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Carrum Downs is an established, affordable family suburb offering a mix of housing, supported by growing infrastructure and excellent transport links. Demand is driven by local trades and families seeking value, evidenced by exceptionally fast sales and strong recent price growth. This tight market faces constraints from limited supply and potential sensitivity to interest rates given high mortgage ownership.
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PropCred Estimated Value
Comparable Sales: 7 Lyrebird Drive sold Dec 2024 (renovated 4-bed), 58 Lyrebird Drive sold at $768,000 | Property Price Band: $700,000–$800,000 | Value Drivers: internal condition, land size, school catchment appeal
Bedrooms
3
Bathroom
2
Parking
1
Land
652m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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