1/11 Sunhill Cres, Ardeer VIC 3022
1/11 Sunhill Cres, Ardeer VIC 3022
3-bed unit, single-bath | compact street, owner-occupied | established low-rise stock | family-oriented Ardeer | price near unit benchmark
A practical three-bedroom configuration is found in a low-rise, established unit stock, which is uncommon in a suburb dominated by detached houses. A quiet pocket is suggested by the small street and its high owner-occupier rate. This unit is best suited to first-home buyers and downsizers, as lower-maintenance living is provided without leaving a suburban family environment. The mid-range pricing is positioned in line with the typical unit buyer, making it a sensible entry point rather than a premium choice.
The absence of confirmed renovation status or building age may influence buyer perception, as original-condition units often require additional budgeting. Orientation and floor level might affect natural light and privacy, which are key factors for unit appeal. Market thinness for three-bedroom units could mean a longer sale timeline, but reduced competition is also possible. These physical and market factors should be weighed by buyers when forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/11 Sunhill Cres, Ardeer VIC 3022
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Ardeer, 15km west of the city, is a compact 2 sq km suburb with five parks covering 27% of its area. Demand is driven by professional couples with children, the dominant 30-39 age cohort, and owner-occupation is high at 62.4% with population growth of 2.2% from 2016-2021. House prices vary by source, from $655,000 to $715,500, with quarterly growth of 1.3% (REIV) and annual growth of 3.87% per Property.com.au; the five-year increase sits at 18.82%. Units are cheaper at $575,000-$588,000 and have shown stronger momentum at 8.2% annually. House selling times range widely from 27 to 73 days depending on measure, reflecting a thin market: annual sales volume is just 40-88 properties. Gross rental yield for houses is 4%, with weekly rents from $445 for three-bedroom homes to $670 overall. The key constraint is a limited land base and a high owner-occupier share, which suppresses turnover and fresh supply, though the established park network and proximity to the city underpin steady long-term demand.
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PropCred Estimated Value
Comparable Sales: 6 West Street, Ardeer – 3-bed, sold $610k | Listed Price Band: $600k–$700k | Value Indicator: condition, layout, street location
Bedrooms
3
Bathroom
1
Parking
1
Land
269m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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