32 Maggie Cres, Mambourin VIC 3024
32 Maggie Cres, Mambourin VIC 3024
4-2-2 house, 407m² | family-estate location, station nearby | first-home investor draw | no flood/bushfire overlays
Strengths are found in a four-bedroom, two-bathroom, two-car house on a 407 m² lot, a configuration that sits well with Mambourin’s newer family estates. The property is zoned residential, carries no detected overlay constraints, and is placed close to a train station and major shopping centres, which improves its utility for daily living. It is best suited to first-home buyers or young families wanting a low-maintenance home with floorboards, built-in robes, and a fully fenced courtyard. The house also appears functional as a rental, with rental signals indicating consistent demand from the area’s growth profile.
Future value may be influenced by the pace of surrounding development and any changes to local infrastructure, such as station or shopping centre upgrades. The property’s condition and presentation after its recent sale could affect its price, while the lack of an established aspect or age data might make comparisons less precise. Rental yield may attract investor attention, but price stability might depend on how much new housing continues to enter the market.
>> Comparable Sales: Prior sale of this property $347k (2023) | Property Price Band: $600K-$700K | Value Drivers: condition, land size, layout, presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 32 Maggie Cres, Mambourin VIC 3024
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Mambourin, 35km southwest of Melbourne, is a developing semi-rural locality shaped by modern housing estates. Demand is driven by affluent mortgaged owners; all homeowners hold a mortgage, and incomes sit well above the Greater Melbourne average. Median house prices range from $630,000 to $650,000, with annual growth between 0.57% and 3.8% – a wide spread reflecting a thin sales base of 118–139 houses annually. Houses sell in 42–58 days, gross yields hover near 3.7–3.9%, and median house rents are $450–$460 weekly. Units are negligible, with only one sale recorded. Future growth relies on the area’s quiet, open character and continued estate development. The key constraint is interest-rate sensitivity: 100% of owners are mortgaged, while the near-absent unit market offers little alternative supply.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
407m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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