1 Bellfield Drive, Lysterfield VIC 3156

1 Bellfield Drive, Lysterfield VIC 3156
Single-level 3-bed family house | flood overlay caution | workshop & parking infrastructure | renovation upside | family school zone The property is considered a strong entry point for buyers seeking a single-level home on a usable 666mยฒ block within a family-oriented school catchment. Its configurationโ€”three bedrooms, open-plan living, and a substantial workshop with rear accessโ€”is rarely found together in this price tier, giving it a competitive edge for tradespeople, downsizers, or renovators. The circular driveway and double gate access further enhance utility for multiple vehicles or a trailer, while the covered pergola offers immediate outdoor living. The flood overlay is the primary risk and warrants thorough due diligence on insurance premiums, drainage history, and any building restrictions before proceeding. That said, the property presents a clear renovation opportunity; updated carpets and a split-system are in place, but the single bathroom and 1989 finishes leave scope to add equity. The location is supported by reliable NBN and 5G coverage, a secondary benefit for remote workers. For a buyer comfortable with the overlay, the workshop and land size alone justify serious consideration.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 1 Bellfield Drive, Lysterfield VIC 3156
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Market Insight:

Lysterfield is a sought-after semi-rural suburb, prized for its scenic setting and spacious family homes. Demand is driven by established professionals and owner-occupying families, creating a stable, high-owner-occupier market. Recent price trends show strong capital growth, with houses transacting efficiently, indicating sustained buyer competition. Future growth is underpinned by its established appeal and consistent performance, though its premium positioning inherently limits affordability for broader buyer segments.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

2

Land

666mยฒ

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