10 Milliri Way, Rockbank VIC 3335
10 Milliri Way, Rockbank VIC 3335
3 bedrooms, 2 bathrooms, 2 car spaces. Single-storey house on 1,225 m² land. Built prior to 2020.
The standout feature here is the land. At over 1200 square metres, this lot is unusually large for Rockbank, where most newer homes sit on 400 to 600 square metre blocks. That rarity gives the property genuine flexibility. It could suit a family wanting space for a pool, shed, or veggie garden, or a buyer looking at future subdivision potential. The three-bedroom layout is standard for the area, but the combination of generous land and single-storey living makes this house more appealing to owner-occupiers than investors. It sits in a low-density part of the suburb, which tends to attract buyers who value room over proximity to shops or train stations.
The price per square metre is low compared to newer homes on smaller lots, which may reflect the property’s age or a lack of premium finishes. Buyers should weigh whether the house itself needs updating, as that could affect both livability and resale. The large block also means higher ongoing costs for landscaping and maintenance. If subdivision is a goal, zoning and council requirements will need to be checked early. These factors may influence how much value sits in the land versus the dwelling, and that balance should guide any offer.
Detailed Independent Property Report prepared by PropCred Analyst team for 10 Milliri Way, Rockbank VIC 3335
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
Rockbank is a key growth suburb positioned as a developing western corridor, driven by young families and purchasers seeking affordability. Demand is underpinned by significant infrastructure investment, including a new train station and planned town centre. Recent market conditions show price softness, reflecting an active sales environment. Future growth is linked to these major developments, though the current high supply volume presents a near-term constraint.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
1225m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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