45 Smiths Road, Templestowe VIC 3106
45 Smiths Road, Templestowe VIC 3106
Near-new build | Hamptons style | EDSC zone | Leafy outlook | Five-bedroom family house
This is a competitively strong offering for Templestowe, where much of the stock is older brick homes on larger blocks. The house itself is only about a year old, finished in a Hamptons-inspired palette with high ceilings, oak floors, and established evergreen gardens that give it a settled feel rather than a raw new-build character. Five bedrooms and three bathrooms place it above the typical three-bedroom family home in the area, and the private leafy vistas add a layer of quiet that families often pay a premium for. It is best suited to an owner-occupier household prioritising school access, particularly the East Doncaster Secondary College zone, and wanting a move-in-ready home without renovation work. The presentation is polished but not extravagant, which should appeal to buyers who value condition over land area.
The main value consideration is the land size, which is modest at around 426 square metres, and this may limit upside compared to larger neighbouring blocks. The property sits in a suburb where houses typically trade on land and location, so the near-new build quality may carry more weight here than it would elsewhere. Rental demand is steady but yields are modest, suggesting this is not a strong investment play. School zoning and the leafy setting may support price resilience, but buyers should weigh the smaller footprint against the convenience of a finished home. The lack of heritage or flood overlays on nearby titles is a positive sign, though a title search is still advisable before forming a final view.
|| Comparable Sales: 51 Smiths Road sold $1.48M in 2021; 74-76 Smiths Road valued near $2.68M | Property Price Band: $1.6M–$1.7M | Value Drivers: near-new condition, EDSC zone, leafy presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 45 Smiths Road, Templestowe VIC 3106
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Templestowe sits in Melbourne’s Manningham East as a family-dominated market: most residents are outright owners of detached houses, with a notable older cohort. Strong school catchments and family-oriented living drive demand; investors target units for gross yields near 4%. Recent house medians cluster around $1.6m ($1.564m–$1.719m), with annual growth between -7.1% and +7%, indicating softening despite intermittent gains. Unit medians sit near $912,500, with growth flat to slightly negative. Houses average 41–54 days on market; annual sales volume is roughly 196–218. Future growth relies on family appeal and proximity to Melbourne’s infrastructure, but high entry prices constrain affordability, and rate sensitivity has triggered negative cycles.
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PropCred Estimated Value
Comparable Sales: 51 Smiths Road sold $1.48M in 2021; 74-76 Smiths Road valued near $2.68M | Property Price Band: $1.6M–$1.7M | Value Drivers: near-new condition, EDSC zone, leafy presentation
Bedrooms
5
Bathroom
3
Parking
2
Land
830m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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