10 Polly Woodside Drive, Altona Meadows VIC 3028

10 Polly Woodside Drive, Altona Meadows VIC 3028
Detached family house | 3-4 bed 2 bath 2 car | Suburban street near parklands | Single-level likely | Land-based value This property is presented as a detached family house in a low-density suburban pocket, positioned among similar single-level homes with generous land allocations. Its likely three-to-four-bedroom configuration with two bathrooms and two car spaces is aligned with the dominant housing form, offering practical family living in an established, family-oriented neighbourhood. The property is expected to serve buyers seeking a solid entry point into a land-based market, where value is found largely in the parcel and scope to improve or extend. Its location near local schools and open space is reinforced as an appeal for owner-occupiers, while broader demand for well-presented family homes in this part of Altona Meadows is seen as adding competitive depth. The price achieved may be significantly influenced by condition and presentation, as a wide spread is observed across comparable homes based on finishes and renovation quality. Perceptions of comfort and maintenance risk might be altered by orientation and structural vintage, given that aspect and building age are unconfirmed. Additional value could be added through renovation or extension opportunities, but the ceiling will be determined by the existing layout and land shape. The final outcome may also be shifted by buyer competition for family houses in this suburb. >> Comparable Sales: 93 Victoria Street sold at $710,000 | Property Price Band: $700K–$800K | Value Drivers: land size, condition, layout
Detailed Independent Property Report prepared  by PropCred Analyst team for 10 Polly Woodside Drive, Altona Meadows VIC 3028
Checks found:
Value Risk ✕ 2
Liquidity Risk ✓
Planning Risk ✓
Income Risk ✓
Execution Risk ✓
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Market Insight

Altona Meadows is an established, family-oriented suburb in Melbourne’s west, with a median house price around $730,000–$783,000, below the metro median of $955,000. Demand is driven by working families and professionals; a high share of outright owners and a mortgage-heavy minority provide a stable ownership base. House price growth over the year is mixed, ranging from 1.4% to 6.7% by source, while median days on market have risen to 58 and auction clearance has fallen to 48.6%, indicating cooling momentum. Units offer affordability at $550,000–$570,000, with gross rental yields near 4%. Rental demand remains supported by weekly house rents of $500–$520 and unit rents of $440. Future growth rests on connectivity via Point Cook Road and nearby Laverton and Seabrook, plus consistent sales volumes of 227–280 annually. Key risks are softening buyer appetite and a declining local population.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

586m²

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