16 Pyrus Cres, Mickleham VIC 3064
16 Pyrus Cres, Mickleham VIC 3064
New 4/2/2 house | 350 m² lot | No flood or heritage | Bushfire overlay flagged
The property is presented as a newly completed detached house on a 350 m² parcel that is generously sized relative to the compact new-house stock around it. The four-bedroom, two-bathroom layout with a two-car garage is well suited to family buyers seeking a move-in ready suburban home, particularly with zoned access to Aitken Creek Primary School and Elevation Secondary College. The absence of flood and heritage overlays reduces planning constraints, while the present bushfire overlay is noted as a factor that may influence insurance or landscaping choices rather than overall desirability. This house serves best as a low-maintenance family purchase in a growth corridor.
The value of this property may be shaped by the balance between its newer construction and the surrounding supply of similar houses. Opportunities to compare ongoing new-build packages could clarify price expectations, while the flagged bushfire overlay might affect perceived risk among some buyers. The larger-than-typical lot size may support stronger outdoor utility and possibly a modest premium over narrower lots.
>> Comparable Sales: 33 Pyrus Cres sold $364,500; 16 Pyrus Cres recorded $393,000 in 2025 | Property Price Band: $700k–$800k | Value Drivers: new condition, 350 m² land, 4/2/2 layout
Detailed Independent Property Report prepared by PropCred Analyst team for 16 Pyrus Cres, Mickleham VIC 3064
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Mickleham, 29km north of Melbourne, is a high-growth fringe suburb anchored by the Merrifield master-planned community. Demand is driven by families and young professionals seeking affordable housing and emerging infrastructure; population jumped from 3,142 to 17,452 between 2016 and 2021. House prices sit at a $700,000 median, with annual growth of 3.8–4.8%, while units median $615,000–$624,000 and grow near 4%. Houses rent for $550 weekly, yielding about 4.1%. Market conditions are balanced but slower: median days on market runs 58–63, and sales volumes vary widely, signalling potential supply fluctuations. Future growth hinges on the Merrifield mixed-use development and new schools, though modest capital growth and longer selling times remain constraints.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
350m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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