17 Thames Way, Roxburgh Park VIC 3064
17 Thames Way, Roxburgh Park VIC 3064
3-bed house on 458m² | standalone, no floor level | family suburb, 4-person households | likely Craigieburn South catchment | value ~$718k
Three bedrooms and two bathrooms are provided in this freestanding house on a block of about 458 square metres. It is located in an established low-rise residential street where detached housing is predominant. The configuration is suited to buyers seeking a single-level home without strata or body corporate obligations. The land size is considered modest yet workable, and the house is aligned with the family-oriented character of the area, where an average of four people per household is seen. This property is positioned as a sensible entry point for owner-occupiers, young families, who are seeking room to grow without paying for excess space.
The property’s value may be affected by its modest land size, which could limit extension options relative to larger blocks. The home’s age and condition are unverified, so updates might be needed. School catchment is stable but not guaranteed. Outlook could be influenced by future planning changes nearby. These are not red flags but should be weighed when pricing.
Detailed Independent Property Report prepared by PropCred Analyst team for 17 Thames Way, Roxburgh Park VIC 3064
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Roxburgh Park is a family-oriented northern Melbourne suburb, with a 10.6% population rise since 2016 and a dominant 10-19 age cohort. Demand is driven by professionals and trades on rising household incomes, with auction clearance for houses at 83.3%, up 23.6% year-on-year. Median house prices range $700,000-$715,000, growing 6.06%-7.7% annually; units have outperformed, up 15.1%-19.8% to about $500,000. Houses now sell in a median 33 days, 25% faster than last year, while gross rental yields sit at 4.64%-4.98% for houses and 5.1% for units. Future momentum rests on robust demographic and income growth, but unit sales fell 36.4% year-on-year and house sales growth has swung from -3.08% to +6.87% recently, flagging supply and affordability constraints.
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PropCred Estimated Value
Comparable Sales: 15 Thames Way sold at $715,000; 139 Arena Avenue sold at $742,000 | Property Price Band: $700k-$800k | Value Drivers: land size, two-bathroom layout, condition
Bedrooms
3
Bathroom
2
Parking
-
Land
458m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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