1 Clendon Close, Mount Eliza VIC 3930

1 Clendon Close, Mount Eliza VIC 3930
Newly built prestige house | 1,961 m² block with north-facing pool | 5 bed 3 bath family layout | school-belt convenience | upper-tier Mount Eliza This property is positioned with a rare combination: a near-new build on a roughly 2,000 m² block, with a north-facing pool and spa placed at the centre of the floor plan. It is sized above most family homes in Mount Eliza, and its specification level, including double glazing, engineered stone, zoned ducted air and a 7-star energy rating, is placed at the top of the local new-build market rather than in the ordinary renovated-stock bracket. The five-bedroom, three-bathroom layout with dedicated external space is best suited to established families and upsizers who want school proximity without compromising on space or modern comfort. Value may be shaped by the depth of the buyer pool at this price point and by the holding costs that are carried with a house of this scale. The bushfire overlay evident on a nearby record might also be relevant to insurance and landscaping choices, though it does not diminish the property’s appeal. Renting potential is likely selective, and the eventual sale is expected to come from an owner-occupier rather than an investor. >> Comparable Sales: 8 Clendon Close at $3.325M | Property Price Band: $3.0M–$3.2M | Value Drivers: near-new condition, 1,961 m² land, north-facing pool-centred layout
Detailed Independent Property Report prepared  by PropCred Analyst team for 1 Clendon Close, Mount Eliza VIC 3930
Checks found:
Value Risk ✕ 2
Liquidity Risk ! 1
Planning Risk ✓
Income Risk ✕ 2
Execution Risk ! 1
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Market Insight

Mount Eliza is an affluent, family-dominated suburb on the Mornington Peninsula, with household incomes well above the metropolitan average. Families are the primary buyer group, drawn by strong school catchments and a coastal lifestyle; house rents have risen 5.3% to $1,000 weekly, confirming stable rental demand. The median house price is around $1.65 million, with annual growth between 2.5% and 5.0% in most measures, though one series shows a slight decline. Market conditions are mixed, with houses selling in 38 to 104 days and sales volume near 290. Units remain a smaller segment, with median prices from $695,000 to $890,000 and yields up to 4.3%. Future growth relies on sustained family demand, but affordability constraints and rate sensitivity are key risks, evidenced by variable sales volumes and a recent 11.1% drop in house sales.
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PropCred Estimated Value

Bedrooms

5

Bathroom

3

Parking

3

Land

1961m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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