25 Plimsoll Street, Mickleham VIC 3064
25 Plimsoll Street, Mickleham VIC 3064
compact new build | 4/2/2 Metricon house | solar PV and double glazing | outer north growth estate | good first-home/family fit
The property offers a modern, low-maintenance floor plan with four bedrooms and two bathrooms, which is well suited to buyers seeking new housing without the wait of a house-and-land package. The inclusion of solar panels, double-glazed windows, and stone benchtops lifts the presentation above entry-level stock in the area. It sits comfortably within the mainstream of Mickleham’s newer estates, where compact detached houses dominate supply. That means the property should appeal most to first-home buyers and young families who prioritise move-in condition and energy efficiency over land area. The formal lounge and walk-in pantry add practical flexibility, while the separate secondary wing gives reasonable separation for small children or guests.
Value may be influenced by the compact 350 square metre parcel, which limits expansion potential and private outdoor space. The lack of stated orientation means future solar performance and summer heat gain could vary, but the presence of split-system cooling and double glazing offsets some of that risk. Ongoing new supply in the suburb might keep price growth modest in the short term, though the finished build and immediate rental or occupancy potential provide a practical floor under the price. Buyers should weigh the property’s modern inclusions against the smaller lot when forming a view.
Detailed Independent Property Report prepared by PropCred Analyst team for 25 Plimsoll Street, Mickleham VIC 3064
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Mickleham, 29km north of Melbourne, is a high-growth fringe suburb anchored by the Merrifield master-planned community. Demand is driven by families and young professionals seeking affordable housing and emerging infrastructure; population jumped from 3,142 to 17,452 between 2016 and 2021. House prices sit at a $700,000 median, with annual growth of 3.8–4.8%, while units median $615,000–$624,000 and grow near 4%. Houses rent for $550 weekly, yielding about 4.1%. Market conditions are balanced but slower: median days on market runs 58–63, and sales volumes vary widely, signalling potential supply fluctuations. Future growth hinges on the Merrifield mixed-use development and new schools, though modest capital growth and longer selling times remain constraints.
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PropCred Estimated Value
Comparable Sales: 21 Salisbury Terrace, 4/2/2 on 298m², sold $650k | Property Price Band: $600k-$700k | Value Drivers: modern condition, compact land parcel, family layout
Bedrooms
4
Bathroom
2
Parking
2
Land
350m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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