37 Plimsoll Street, Mickleham VIC 3064
37 Plimsoll Street, Mickleham VIC 3064
Newer Metricon 4/2/2 | 350m² compact lot | Study and premium fitout | Family/home-office demand | Growth-corridor estate setting
A newer Metricon-built house on a 350 square metre lot, the property is considered competitive for its inclusion of a dedicated study, stone benchtops, soft-close cabinetry, double glazing, solar PV, and a zoned bedroom wing. These features are seen as above standard for the immediate estate, making it a strong option for families seeking modern efficiency on a low-maintenance block. The front master suite and rear bedroom wing are designed to suit growing families, while the study is valued by home-based professionals. Within Mickleham’s masterplanned stock, this house is regarded as typical of the area’s new-family product but with a slightly higher finish level. It is best suited to a first-home buyer or an upgrading family who wants a move-in-ready house with practical layout and premium inclusions.
Value may be influenced by the compact 350 square metre land area, which limits rear-yard potential compared to larger lots. The lack of confirmed orientation could affect natural light and heating performance, and solar gain may vary depending on aspect. The property’s newer construction and inclusion set might support a price premium over older dwellings, but the abundance of new house-and-land stock in the surrounding estate could keep price growth contained. Buyers should weigh the benefit of modern finishes and energy-efficient features against the small block size and the suburb’s ongoing development activity.
Detailed Independent Property Report prepared by PropCred Analyst team for 37 Plimsoll Street, Mickleham VIC 3064
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
2
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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: 744 Plimsoll St 4/2/2 sold at $577,328; 748 Plimsoll St 4/2/2 sold at $765,288 | Property Price Band: $700,000–$800,000 | Value Drivers: Modern build quality, study layout, premium inclusions
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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