10 Railway Road, Mount Evelyn VIC 3796
10 Railway Road, Mount Evelyn VIC 3796
Hillside family house | 1,363 m² bush block | pool and mountain outlook | school-zoned | bushfire overlay noted
A rare lifestyle combination is offered by this hillside house, with its large sloping block, pool, and mountain outlook. The leafy setting is reinforced by nearby reserves and trail access, giving a semi-rural feel while remaining within a family-school catchment. The 193 m² interior is described as warm and light-filled, and the practical three-bedroom layout suits family buyers. Those most served by this property are households seeking outdoor amenity, nature, and space to garden or extend.
The property’s price may be shaped by the bushfire overlay and the hillside access, which might raise insurance costs or limit future changes. A heritage overlay is flagged in one source, so planning certainty is not assured. The condition of the pool and the house, along with any renovation needs, should be weighed carefully, since these may influence the final price.
Detailed Independent Property Report prepared by PropCred Analyst team for 10 Railway Road, Mount Evelyn VIC 3796
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Mount Evelyn VIC 3796 sits as a family-oriented residential market, with couples with children forming 53% of households and a notable 27% aged over 55. Demand is driven by owner-occupier purchasers, who account for 55% of the area, skewed toward technicians, trades, and professional workers. House price data shows a median range of $847,000–$900,000, with annual growth reported between 1.1% and 6.9% depending on source. Liquidity is moderate: annual sales volume ranges from 101 to 147 houses, and median days on market spans 14–39, reflecting variable turnover. Rental yields for houses sit at 3.4%–3.9%, with weekly rents from $560 to $618. The unit market is thin, with a $720,000 median but very low sales volumes. Future growth rests on continued family demand and constrained unit supply, though rate sensitivity and uneven auction clearance—reported between 37.5% and 78.5%—remain key risks.
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PropCred Estimated Value
Comparable Sales: 10 Monbulk Road, Mount Evelyn – $687,000 (house, 2 bed) | Property Price Band: $700K to $800K | Value Drivers: large 1,363 m² land, pool and outlook, bushfire overlay considerations
Bedrooms
3
Bathroom
1
Parking
2
Land
1363m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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