47/5 Piney Rdge, Endeavour Hills VIC 3802
47/5 Piney Rdge, Endeavour Hills VIC 3802
3-bed unit | quiet complex | school catchment | low-maintenance living | mid-$600k band
This is a compact, low-maintenance unit in a well-kept Piney Ridge complex, likely built around the early 2000s and finished with ducted heating, split-system cooling, floorboards, and a private courtyard. It sits within catchments for Thomas Mitchell Primary and Gleneagles Secondary, and the communal reserve with playgrounds and picnic areas adds a family-friendly layer that similar complexes often lack. The location is genuinely convenient—shopping centre, schools, parklands, and freeway access are all close—so it suits first-home buyers, downsizers, and investors seeking dependable rental demand. For a 3-bed, 1-bath configuration, the layout is practical rather than spacious, and the shared complex means less land and less privacy than a detached house, but that trade-off is exactly what keeps the entry price reasonable in this pocket.
Value may hinge on the condition of the unit’s finishes and whether the car accommodation is one or two spaces, since nearby examples vary on that point. The 256 m² land allotment is typical for attached stock here, so the outdoor space is modest—presentation and upkeep of the courtyard and complex common areas might influence how it compares to similar units. Rental appeal at around $540 per week suggests a gross yield near 4.4%, which is solid for this product type. Buyers should weigh the unit’s internal fitout and any recent upgrades against the older build era, as those details could shift the final price more than location alone.
|| Comparable Sales: 44/5 Piney Ridge sold $585,250; 25/5 Piney Ridge listed $600k–$650k | Property Price Band: $580k–$660k | Value Drivers: condition and fitout, car space count, courtyard presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 47/5 Piney Rdge, Endeavour Hills VIC 3802
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Endeavour Hills presents a stable, mature market anchored by established professionals. Demand is currently driven by investors and owner-occupiers seeking value, evidenced by strong rental growth and swift sales, particularly for units which are experiencing accelerated capital appreciation. The market is characterised by solid fundamentals, with houses moving steadily and unit values surging, indicating robust underlying demand. Future growth will likely be sustained by this rental pressure and relative affordability, though its mature demographic profile suggests a steady rather than explosive trajectory.
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PropCred Estimated Value
Comparable Sales: 44/5 Piney Ridge sold $585,250; 25/5 Piney Ridge listed $600k–$650k | Property Price Band: $580k–$660k | Value Drivers: condition and fitout, car space count, courtyard presentation
Bedrooms
3
Bathroom
1
Parking
2
Land
367m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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