2/42 Zina Grove, Mooroolbark VIC 3138
2/42 Zina Grove, Mooroolbark VIC 3138
Low-rise family pocket|3-bed 2-bath townhouse|2-car parking|Government school zone|Settled suburban feel
This townhouse is positioned within a low-rise residential pocket where family-sized accommodation and car-based living are the established character. A three-bedroom, two-bathroom configuration with two-car parking is offered, which is a practical and widely sought floorplan for its segment. The best fit is provided for families or downsizers, given its school zone alignment and the ground-level style of living associated with multi-lot townhouse forms. A straightforward purchase decision is supported by the absence of obvious overlay constraints.
The eventual value may be influenced by the land allocation within the multi-lot format, as a larger allocation is likely to be preferred. Perceived presentation might be affected by the build age and condition, so a strengthened price might be expected from an updated finish. Aspect and internal light may also be weighed by prospective buyers, particularly for family purchasers valuing outdoor space and natural flow.
>> Comparable Sales: 14 Zina Grove $830,000 | Property Price Band: $800K–$900K | Value Drivers: condition, land size, layout
Detailed Independent Property Report prepared by PropCred Analyst team for 2/42 Zina Grove, Mooroolbark VIC 3138
Checks found:
Value Risk
!
1
Liquidity Risk
✕
2
Planning Risk
✓
Income Risk
!
1
Execution Risk
✓
Market Insight
Mooroolbark, 30km east of Melbourne in the Brushy Creek valley, is a family-oriented market: 25% of residents are under 18 and most homes are detached, mortgaged owner-occupied properties. Demand is driven by families drawn to parklands and playgrounds, and sales activity is brisk-houses spend 15–18 days on market, with auction clearance at 63.5%. Median house prices range from $862,500 to $890,000, with annual growth between 1% and 5.4%; units sit around $678,000–$770,000, growing 2–7.4%. Rental yields are modest: 3.69% for houses and 4.59% for units. Future growth hinges on family amenity and proximity to Melbourne, but risks are emerging: house days on market have lengthened to 46 days in one series, up 27.8% year-on-year, and annual sales volume has fallen 3.4%, signalling softer turnover.
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
189m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst