2 Foal Way, Kilmore VIC 3764
2 Foal Way, Kilmore VIC 3764
4-bed single-level family plan | Brand new Simonds build, landscaped | Two living zones plus master suite | 470 m² estate lot, infrastructure still forming
The four-bedroom, two-bathroom plan is positioned firmly in the new suburban family segment, where two separate living areas offer practical value for a growing household. The master suite, with walk-in robe and ensuite, is an advantage over older Kilmore housing. The 470 m² block is compact, but fully landscaped gardens and exposed aggregate finish the outdoor work, valued for move-in convenience. As a brand-new build, maintenance costs are avoided. The planned estate setting, with infrastructure still proposed, suits first-home buyers and young families prioritising a manageable lot. Investor interest is indicated by rent near the mid-$500s.
The still-forming estate environment is likely to shape value, as proposed infrastructure might take time to be delivered. Land upside is limited by the compact 470 m² lot, and a nearby bushfire overlay may be reflected in insurance costs that temper buyer appetite. Competition from other new packages in the mid-$600,000s might keep pricing tight, with completed landscaping and presentation supporting the upper end.
>> Comparable Sales: 101–105 Lancefield Rd, new 4-bed package on 412 m², from $641,000 | Property Price Band: $600K–$700K | Value Drivers: new build, completed landscaping, two living zones
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Foal Way, Kilmore VIC 3764
Checks found:
Value Risk
✓
Liquidity Risk
!
1
Planning Risk
!
1
Income Risk
✓
Execution Risk
!
1
Market Insight
Kilmore is a family-oriented market, with couples with children and a 10–19 year age skew driving demand; trades employment underpins the buyer base. The median house price is $612,250, showing 1.53% annual growth, but recent sales data records a 6.57% lift over the past year. Houses trade in 59–64.5 days, with sales volume of 183–219 annually. Units are firmer: median $430,000, up 8.18% annually, and gross yields of 5.05% versus 3.88–4.1% for houses. Owner-occupancy rose from 72.1% to 75.2% between 2016 and 2021, reinforcing stability. The core constraint is the negative compound house growth of -1.6% against the recent pick-up, suggesting price momentum is uneven; unit yields and growth are the stronger component.
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
470m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst