17 Meribil Close, Mount Eliza VIC 3930
17 Meribil Close, Mount Eliza VIC 3930
Large elevated family estate | Pool and tennis court | Valley and treetop outlooks | Prestige Mount Eliza pocket | Two-thirds acre privacy
This is a genuinely rare configuration for Mount Eliza — a substantial family house on a large elevated allotment with both a pool and a full tennis court, set against valley views that give the property a private, resort-like feel. The scale and outdoor amenity place it well above standard suburban family homes in the area, and the recent renovation means the presentation should match the lifestyle promise. It suits established families who want room to spread out, entertain, and enjoy the outdoors without leaving home, and who value the quiet, leafy character of the Woodland estate. The combination of land size, outlook, and recreational facilities is what separates this from the typical large-block family house in the suburb — buyers chasing this package are usually willing to pay for the completeness of the offering.
The value picture may hinge on how the internal layout and finish quality compare to the strength of the outdoor features. A house with this much land and amenity often attracts buyers who are sensitive to flow, natural light, and how the living zones connect to the views and grounds. Condition and presentation will likely be the main swing factors — a polished, coherent renovation could justify a premium, while any mismatch between the marketing language and the actual build quality might narrow the buyer pool. The large block also carries ongoing maintenance expectations, which could limit demand from buyers seeking low-maintenance living.
Detailed Independent Property Report prepared by PropCred Analyst team for 17 Meribil Close, Mount Eliza VIC 3930
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Mount Eliza is an affluent, family-dominated suburb on the Mornington Peninsula, with household incomes well above the metropolitan average. Families are the primary buyer group, drawn by strong school catchments and a coastal lifestyle; house rents have risen 5.3% to $1,000 weekly, confirming stable rental demand. The median house price is around $1.65 million, with annual growth between 2.5% and 5.0% in most measures, though one series shows a slight decline. Market conditions are mixed, with houses selling in 38 to 104 days and sales volume near 290. Units remain a smaller segment, with median prices from $695,000 to $890,000 and yields up to 4.3%. Future growth relies on sustained family demand, but affordability constraints and rate sensitivity are key risks, evidenced by variable sales volumes and a recent 11.1% drop in house sales.
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PropCred Estimated Value
Comparable Sales: 1 Meribil Close sold with tennis court on 2,853m²; 25 Meribil Close sold at $1.45M on 2,601m² | Property Price Band: $2.2M–$2.4M | Value Drivers: Land size and elevated outlook, pool and tennis court amenity, renovation quality and presentation
Bedrooms
6
Bathroom
4
Parking
2
Land
2603m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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