45 Mandalay Circuit, Beveridge VIC 3753
45 Mandalay Circuit, Beveridge VIC 3753
Large 2011 built family house | 612m² land with 4-car capacity | Sits above typical estate stock | Strong family owner-occupier appeal
This is a competitively positioned family house within Beveridge’s Mandalay Estate. The 612m² land size and 361m² building footprint are significantly larger than the newer, more compact house-and-land product that dominates the surrounding streets, giving it a rare sense of space and presence. The 2011 build date means it is more established than much of the neighbouring stock, offering mature landscaping and a settled streetscape. With four bedrooms, a study, and four car spaces, this property is best suited to growing families or buyers who need room for multiple vehicles, a workshop, or hobby space. The single-level layout adds practical appeal for those seeking easy living without stairs. Solar panels, fibre internet, and strong mobile coverage make it a functional, future-ready home. The absence of bushfire, flood, or heritage overlays simplifies due diligence and reduces hidden risk.
The property’s value may be influenced by its older build compared to newer estate releases, which may affect perceived freshness or energy efficiency. Its large building footprint and land size might command a premium over smaller lots, but the lack of confirmed interior finishes—such as kitchen materials or flooring—means the condition and presentation could significantly swing its final price. Buyers should weigh the benefit of extra space against potential upkeep costs of a larger home. The estate’s ongoing development and future infrastructure, like a planned train station, might support long-term demand, but current amenity depth is still maturing. The 3.5% indicative yield suggests rental demand is moderate, reinforcing its owner-occupier focus rather than investment appeal.
Detailed Independent Property Report prepared by PropCred Analyst team for 45 Mandalay Circuit, Beveridge VIC 3753
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Beveridge is a northern Melbourne fringe suburb positioned as an affordable entry point for families and first-time buyers, evidenced by a high proportion of mortgage-backed ownership. Demand is driven by owner-occupiers and investors attracted to a median house price near $645,000 and rising rental returns; house rents have climbed roughly 7–8% annually, while unit rents are up about 10%. Market conditions have softened, with house values falling between 1.4% and 4.4% over the past year and median selling days reaching 123, indicating slower turnover. Sales volume remains moderate at roughly 213–224 houses annually. Future growth hinges on ongoing rental demand and affordability relative to Melbourne, but price declines and extended listing times highlight rate sensitivity and potential oversupply. Low unit sales volumes also limit diversification for investors seeking entry points.
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PropCred Estimated Value
Comparable Sales: 172 Mandalay Circuit sold as premium golf-course home on 544m²; 306 Mandalay Circuit listed around $685K–$735K on 448m² | Property Price Band: $800K–$900K | Value Drivers: land size, building area, four-car capacity, single-level layout, estate location
Bedrooms
4
Bathroom
2
Parking
2
Land
612m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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