11 Takeoff Street, Diggers Rest VIC 3427
11 Takeoff Street, Diggers Rest VIC 3427
4-bed detached house | 378sqm compact lot | new-estate build | family-oriented suburb | owner-occupier demand
A four-bedroom layout is provided above the suburb’s typical three-bedroom profile, and two bathrooms and two car spaces are included. The single-level build is sited on a compact 378sqm lot, which is considered standard for new estates here. This house is positioned within a low-density growth suburb where detached family stock dominates. It is best suited to owner-occupier families seeking a contemporary, low-maintenance home with access to rail commuting and local schools.
The restricted land size might be viewed as a limiting factor for capital growth compared with larger blocks. Build quality is likely to be evaluated by buyers, and continued development of similar houses could moderate future price increases. Proximity to the commuter corridor is considered positive, but ongoing estate supply may temper urgency.
>> Comparable Sales: 104 License Road $755k, 11 Shearing Road $740k | Property Price Band: $700k-$800k | Value Drivers: layout, land size, new condition
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Takeoff Street, Diggers Rest VIC 3427
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Diggers Rest, 33km northwest of Melbourne, retains semi-rural charm but is in rapid residential transition, with estates like Davis Vineyard and Bloomdale attracting family buyers. Median house prices sit between $640,500 and $716,000, with annual growth of 1.2% to 4.0%; houses sell in 28–93 days, and annual sales volume of 152–168 dwellings points to steady activity. Rental yields are moderate: houses return 4.00%–4.09% and units 5.08%, with median house rents of $510–$520 and units at $500. Demand is driven by new housing supply and commuter rail access, while future growth depends on continued estate development. Key risks include rising supply from new projects and volatile auction clearance rates, which ranged from 51.5% to 77.8% for houses.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
378m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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