7 Erica Cres, Kilsyth VIC 3137
7 Erica Cres, Kilsyth VIC 3137
1,092m² land | dual-living bungalow | family-friendly crescent | renovation opportunity | pool
A substantial single-level house is set on an unusually large 1,092m² parcel, which is rarely available in Kilsyth’s established family market. The four-bedroom layout is complemented by a self-contained bungalow, creating a dual-living configuration that serves multigenerational households or buyers seeking separate guest accommodation. A pool, shed, and generous backyard space are included, and the property is positioned within a peaceful crescent with access to local primary and secondary school catchments. This combination of land size and flexible living is best suited to families wanting room to grow or renovate, and it is distinguished from the typical smaller homes and units dominating the suburb’s stock.
A renovation budget may be required due to the home’s age and original condition, with the works being viewed as either an opportunity or a drawback depending on a buyer’s capacity. The dual-living arrangement might broaden appeal but could also limit interest from those seeking a conventional single-family layout. No overlay risks are detected, and the large block may hold future potential, though any subdivision or redevelopment path might be subject to council confirmation before a price view is formed.
Detailed Independent Property Report prepared by PropCred Analyst team for 7 Erica Cres, Kilsyth VIC 3137
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Kilsyth, in Melbourne’s outer east, is a balanced family and single buyer market with a mix of owner and renter households. Demand is supported by tight supply conditions, with houses averaging 16–24 days on market and robust sales volumes of 120–163 per year. Reported house medians cluster around $817,000–$847,000, with annual growth varying from 1.4% to 6.9% across sources; units sit at $710,000–$727,000, growing between 1.8% and 9%. Rental yields remain healthy at roughly 4% with median weekly rents of $591–$628. Future growth will be supported by firm rental demand and strong absorption, but affordability pressure is the key risk: auction clearance rates for houses fell to 44.8% and unit days on market lengthened to 72, signalling rate sensitivity.
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PropCred Estimated Value
Comparable Sales: Unit 1, 8 Tinarra Ct sold at $756,000 | Property Price Band: $900K–$1M | Value Drivers: Land size, dual-living layout, renovation potential
Bedrooms
4
Bathroom
3
Parking
2
Land
1092m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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