23 Plimsoll Street, Mickleham VIC 3064
23 Plimsoll Street, Mickleham VIC 3064
New Metricon build | 350m² lot | Double glazing + solar | Family layout | Growth suburb
This house is presented as a newly completed Metricon build on a 350 m² lot, which is considered a strong configuration for Mickleham’s new-growth estate market. Its inclusions such as double glazing, solar PV, stone benchtops, and soft-close cabinetry are rated above standard new-housing spec, and this is viewed as a competitive edge. The layout is designed for family living: a front master suite is provided with a walk-in robe and ensuite, three additional bedrooms are placed in a separate wing, and a central open-plan family and dining zone is included. This property is best suited to growing families who want low-maintenance contemporary housing, or to investors seeking a modern build with broad rental appeal.
Value may be influenced by the lack of an explicit build completion date and the unverified school catchment, which might be seen as uncertainty by some buyers. The property’s premium inclusions and internal-access garage are considered strong resale features. The relatively compact 350 m² land size might be viewed as limiting compared with larger lots, and the suburb’s active new supply could be interpreted as a pricing constraint. These factors are advised to be weighed when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Plimsoll Street, Mickleham VIC 3064
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
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: 10 Plimsoll St $624,900-$644,900; 14 Plimsoll St $744,740 (both 3/2/2 on 263m²) | Property Price Band: $700,000-$800,000 | Value Drivers: premium inclusions, family layout, mid-size lot
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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