19 Greenwood Drive, Kennington VIC 3550
19 Greenwood Drive, Kennington VIC 3550
Four-bedroom house with study | High-amenity Kennington pocket | School and university catchment | Powered shed and side access | Large-block street profile
A rarely combined set of features is offered for this segment: four bedrooms, a study, multiple living zones, and higher ceilings throughout the main areas. The property is placed above typical family housing in the suburb by the inclusion of a powered shed, rear access, and side access, where most stock is older and more modestly configured. It is situated in a residential pocket known for large allotments, established gardens, and convenient access to schools, the university, and shopping villages, making it particularly suited to families and owner-occupiers seeking a long-term home. Consistent rental demand from students and professionals is also served by this configuration, which may appeal to investors.
The exact land size and build year remain unconfirmed, and both may influence price relative to comparable houses. Environmental planning sensitivity, such as a bushfire overlay, might apply to this pocket and could affect insurance and future development options. The condition of internal finishes, the practicality of the shed and side access, and the overall presentation are likely to be the decisive factors when a view on value is formed.
Detailed Independent Property Report prepared by PropCred Analyst team for 19 Greenwood Drive, Kennington VIC 3550
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Kennington, in Bendigo, is a mature market with an average resident age of 45, attracting first-home buyers, downsizers and investors. House sales rose 14.1% to 412 in Q4 2025, and lower interest rates stimulated 5.2% price growth. Median house price is $615,000 with annual growth of 6.45%; units are stronger at $511,020, up 12% annually, despite unit sales falling 19.4% to 79, signalling undersupply. Houses sell in 22 days on average, weekly median rent is $518 for houses and $420 for units, with a 4.7% gross rental yield on units. Planned Bendigo infrastructure, including 882 lots and 213 units, underpins future supply. The key constraint is affordability: 20.4% of houses sold above $750,000, while rate sensitivity remains a downside risk.
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PropCred Estimated Value
Comparable Sales: 35 Greenwood Drive sold $380,000 in 2019 | Property Price Band: $600,000-$700,000 | Value Drivers: Condition, land size, layout, shed and side access
Bedrooms
4
Bathroom
2
Parking
3
Land
1016m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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