1 Jurat Road, Lilydale VIC 3140
1 Jurat Road, Lilydale VIC 3140
Detached house on established block | family demand in Lilydale | heritage character nearby | mixed stock, stable market
This property occupies a conventional detached house position within an established outer-eastern Melbourne suburb, where the surrounding streets reflect a long-settled character rather than recent speculative development. Its competitive strength lies in the stability of the local market, supported by a consistent presence of family-oriented buyers and a housing stock that spans houses, units, and townhouses. The property likely sits on a standard residential lot, making it most attractive to first-home buyers or small families seeking an entry point into an established community. Nearby heritage buildings reinforce the area’s historical identity, which tends to preserve streetscape quality and underpin long-term demand. For a buyer willing to accept a traditional layout and invest modestly in updates, this house offers a practical foundation in a suburb with proven housing diversity.
The property’s value may be shaped by its exact land size and orientation, which determine its usability and future extension potential. Its age and condition might require updating, and buyers should realistically budget for modernisation. Local heritage controls could restrict external changes, but they also protect the street’s established appearance. Given the suburb’s mixed housing stock, the eventual sale price will depend on how this house compares with both older character homes and newer infill properties. Buyers should weigh any scope for redevelopment or renovation against the existing internal layout, and note that a standard block offers moderate but not exceptional flexibility.
>> Comparable Sales: 3-bed house sold $385,000 Apr 2010 (Lilydale) | Property Price Band: $800K-$900K | Value Drivers: land size, condition, heritage location
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Jurat Road, Lilydale VIC 3140
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Lilydale, a 29.2 sq km suburb in the Yarra Ranges with 23 parks, is anchored by a mature demographic: the 50-59 cohort dominates, households are mostly couples with children in professional roles, and 77.6% owner-occupancy signals stability. Demand centres on established family housing, reflected in a median house price around $925,000 with 5.96% annual growth and units at $643,000 growing 3.71%. Houses trade in 19-22 days, though one source extends to 51 days, and rental yields sit at 3.72% for houses and 4.62% for units. Five-year gains of 29.91% (houses) and 18.93% (units), plus 9.1-9.7% annual rent growth, underpin momentum. Constraints: dominant mortgage repayments of $1,800-$2,399 monthly heighten rate sensitivity, and residential sales dipped to 325 in 2024 from 346 in 2023.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
-
Land
2 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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