14 Coromandel Cres S, Knoxfield VIC 3180
14 Coromandel Cres S, Knoxfield VIC 3180
5-bed family house on 978m² | six-car capacity | rare in Knoxfield | strong owner-occupier pocket
On a 978 square metre allotment, five bedrooms and six parking spaces are combined in a configuration that is uncommon within Knoxfield’s established housing stock. The property is situated in a pocket known for strong owner-occupier demand, and the generous land area is its most defensible feature. Families looking for room to grow, multi-generational living, or space for vehicles and storage are best served by this house, as the layout is oriented toward long-term family use rather than short-term convenience.
The strongest effect on price may be seen in condition and presentation, with a premium being commanded by updated kitchens and bathrooms. Buyer perception is likely to be influenced by orientation, allotment usability, driveway quality, and parking layout. A well-maintained house on this block might be expected to trade above dated stock.
Detailed Independent Property Report prepared by PropCred Analyst team for 14 Coromandel Cres S, Knoxfield VIC 3180
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Knoxfield, 27km southeast of the CBD, remains a family-oriented market. Couples with children in professional occupations dominate, mostly owner-occupiers (73.6%) repaying $1800-$2399 monthly. Reported house medians range from $926,000 to $1,069,700 depending on source; annual growth estimates diverge from -2.5% to +15.64%, reflecting measurement differences. Houses sell in 34-44 days, with 73-84 sales over the past year, down 37.6% year-on-year, while auction clearance sits at 72.9%, up 15.5%. Unit median is $795,000-$830,000, with growth of 4.8-6.0%. Over five years, house values rose 32.77% and units 16.56%; YIP puts current house capital growth at 14.91%. Demand is underpinned by family housing, schools and parks. Key constraints: reduced transaction volumes, affordability pressure at these prices, and sensitivity to mortgage rates given typical borrowing profiles.
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PropCred Estimated Value
Comparable Sales: 22 Coromandel Crescent South sold $850k | Property Price Band: $1.6M-$1.7M | Value Drivers: land size, six-car capacity, bedroom count
Bedrooms
2
Bathroom
1
Parking
-
Land
979m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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