47 Sylphide Way, Wantirna South VIC 3152
47 Sylphide Way, Wantirna South VIC 3152
765m² family block | 318m² single-level footprint | school-catchment position | flood overlay noted | family-buyer demand
A land-rich family house is presented in a suburb where newer infill is tilted toward compact townhouse and unit product. The 765 m² allotment and 318 m² single-level footprint are rarely matched, and the layout is oriented around practical family living, with covered outdoor entertaining, built-in robes, an ensuite, and a double garage with mezzanine storage. Strong school catchments and private-school proximity are buyer drawcards, and the established suburban setting is reinforced by walking and cycling trails. Demand is driven mainly by families seeking space and catchment position, with owner-occupier and up-sizer interest expected to lead.
The flood overlay may affect insurance terms and warrants drainage due diligence. Build age and interior condition may only be fully confirmed through inspection. Softer price movement has been recorded in the area, though larger family blocks tend to hold demand. The single-level format may support a renovation premium if the interior is dated.
Detailed Independent Property Report prepared by PropCred Analyst team for 47 Sylphide Way, Wantirna South VIC 3152
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Wantirna South, 26km east of Melbourne, is a family and professional market centred on Regency Park Estate, where 3-5 bedroom homes on ~700sqm in quiet cul-de-sacs drive demand. House medians range $1.27m-$1.3m, with 2.4%-4.3% annual growth. Units are weaker: median $557,500-$648,000, growth ranging from -10% to +1.3%. Listings sell in 24-25 days; auctions clear at 79.7% vs 77.8% metro, with only 15 properties for sale and 231 house sales annually. Future growth rests on Westfield Knox upgrades, Knox Private Hospital, Wantirna College’s new facilities, and Knox infrastructure works. Key constraints are unit oversupply, affordability pressure, and interest-rate sensitivity.
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PropCred Estimated Value
Comparable Sales: 48 Bloom Ave (3/2 house, 259m²) sold $630k Mar 2025 | Property Price Band: $1.0M–$1.1M | Value Drivers: land size, single-level layout, condition/presentation
Bedrooms
4
Bathroom
2
Parking
4
Land
765m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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