91 The Range Boulevard, Croydon VIC 3136
91 The Range Boulevard, Croydon VIC 3136
5 bed family house | 623m² land | The Range estate | Sold ~$1.1m in 2021 | Strong family demand
This house holds a clear competitive edge within its immediate pocket: five bedrooms on a 623m² block places it above the typical 4-bedroom offering in The Range, where many lots sit closer to 500–550m². That extra land, combined with a two-bathroom layout and double garage, gives it genuine appeal for growing families who want room to move without stepping into a premium or oversized property. The estate itself reads as a planned, modern residential area—landscaped streets, park proximity, and a consistent detached-house character—so buyers here are typically owner-occupiers prioritising space, schooling, and a settled neighbourhood over high-density convenience. This house is best suited to a family seeking a long-term home with enough footprint to accommodate children, guests, or a home office, and its 2021 sale around $1.1m suggests it has already tracked the local upward movement in value.
What may materially shape its price is the balance between its larger land size and its more modest internal specification relative to some nearby estate stock. The house offers five bedrooms but only two bathrooms, which could feel slightly tight for a household that expects an ensuite or a powder room as standard in this segment. Its finishes and exact orientation are not confirmed, so a buyer should weigh whether the property presents as a turnkey modern home or one that needs updating to match the higher-spec comparables in the area. The 623m² lot is a genuine advantage, but its value depends on how the house sits on it—whether there is usable outdoor space, rear access, or room for future extension. Rental demand for larger family houses in this pocket appears solid, which may support an investment angle, but the core value proposition remains owner-occupier appeal.
Detailed Independent Property Report prepared by PropCred Analyst team for 91 The Range Boulevard, Croydon VIC 3136
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
1
URL has been copied successfully!
Market Insight
Croydon’s market is underpinned by a high ownership rate—72.6% owned outright or with a mortgage—drawing established families and new buyers. Median house prices range from $906,500 to $961,000, with annual growth of 1.9–5.6% and a sharp 7.4% quarterly rise (REIV). Units record a median of $668,000–$730,000 and up to 12.3% quarterly growth. Houses sell in as few as 19–23 days (YIPM, OpenAgent), indicating strong demand. Rental yields are modest, with houses at 3.4% and units 4.2–4.35%; weekly house rents hold at $650. Future demand is supported by school quality, transport access, and infrastructure works. However, momentum is cooling: sales volume fell 5.2%, auction clearance sits at 59.6%, and days on market climbed 28.6% year-on-year (Woodards).
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 53 The Range Boulevard sold $1,183,500 (Sep 2024) | 14 The Range Boulevard sold $1,125,000 (Jul 2024) | Property Price Band: $1.2M–$1.3M | Value Drivers: Land size 623m², five-bedroom layout, estate location and family demand
Bedrooms
5
Bathroom
2
Parking
2
Land
623m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!