24 Miller Road, The Basin VIC 3154
24 Miller Road, The Basin VIC 3154
Detached house on 530m² | Reserve frontage | Fully fenced privacy | North-facing light | Family-oriented pocket
This property’s competitive edge lies in its position beside Batterham Reserve, which gives it a green outlook and immediate open-space access that most houses in the suburb cannot offer. The fully fenced 530m² allotment is smaller than many neighbouring blocks, but the steel front fence and north-oriented glazing create a private, light-filled entry that suits buyers prioritising manageable outdoor space over acreage. It serves families and owner-occupiers best, particularly those wanting a low-maintenance house with a secure yard and a connected, established neighbourhood feel.
The land size may temper upside compared to larger blocks nearby, and without verified internal finish quality or construction age, the property’s condition could range from move-in ready to requiring updates. The reserve adjacency might support stronger demand from buyers who value outlook and privacy, which may translate into firmer pricing. Opportunities exist if the interior has been recently updated or if the layout maximises the northern aspect, but these factors should be weighed carefully when forming a price view.
|| Comparable Sales: 59 Miller Road sold at $795,000 on 740m²; 19 Miller Road listed as a 4-bed house nearby | Property Price Band: $800,000–$900,000 | Value Drivers: reserve frontage, fenced yard size, north-facing light and privacy
Detailed Independent Property Report prepared by PropCred Analyst team for 24 Miller Road, The Basin VIC 3154
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
The Basin sits in Melbourne’s eastern outskirts, a semi-rural pocket with Mountain Highway access and strong community appeal. Demand is led by creatives, families and tree changers, with a high share of buyers, many couples with children, and a notable over-55 cohort. House rents have risen 10.1% annually, with median weekly rent at $600. Recent house medians range $860,000–$950,000 depending on source, and annual growth is mixed: from -1.49% to 3.3%, though one quarter showed 2.7%. Houses sell in 22–30 days. Unit data is thin: a $779,000 median with 10.82% annual growth but fewer than five sales. House yields sit around 3.4–3.85%; units yield 4.7% on metro comparison. Future growth rests on continued rental demand and lifestyle migration, but constraints include thin sales volumes—9 to 62 houses annually—and inconsistent price momentum.
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PropCred Estimated Value
Comparable Sales: 59 Miller Road sold at $795,000 on 740m²; 19 Miller Road listed as a 4-bed house nearby | Property Price Band: $800,000–$900,000 | Value Drivers: reserve frontage, fenced yard size, north-facing light and privacy
Bedrooms
3
Bathroom
2
Parking
2
Land
530m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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