1/13 Shetland Drive, Wantirna VIC 3152
1/13 Shetland Drive, Wantirna VIC 3152
Ground-floor unit in 13 | 372m² land share | 3 beds, 2 baths, 2 cars | 1980 build, no overlays | Walk to schools & amenities
This property presents a competitively strong offering within the unit market, primarily due to its substantial land component for a strata title and a three-bedroom, two-bathroom configuration that aligns with family needs. Its ground-floor position with a low-maintenance yard and dual car spaces serves owner-occupiers seeking space or investors targeting stable rental demand from families, supported by estimated weekly rents of $560-$645. The absence of development overlays simplifies due diligence.
The decision hinges on the price paid against its 1980s build, which necessitates a thorough building inspection for latent defects, and the inherent limitations of a 13-unit body corporate. The commercial logic is securing a larger-than-typical unit parcel in a peaceful location; proceed only if the sale price reflects a discount to the land-value premium. A Propcred report would pressure-test the listed price guide against true comparable sales, detail body corporate health, and identify locality-specific insurance or maintenance risks.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/13 Shetland Drive, Wantirna VIC 3152
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Wantirna South is a thriving, well-established suburb offering a compelling blend of family-friendly amenities and convenience, anchored by the major Westfield Knox retail hub. Demand is strongly driven by families and professionals seeking excellent schooling options and access to green spaces, supported by robust transport links to the CBD. The housing market demonstrates significant momentum, with houses appreciating at a notably higher rate than units, reflecting a competitive environment with swift sales. Future growth is underpinned by its established infrastructure and desirability as a residential hub, though its premium positioning suggests inherent affordability considerations.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
372m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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