11 Florida Court, Burnside Heights VIC 3023
11 Florida Court, Burnside Heights VIC 3023
New build | 3/2/2 family layout | 363m² low-maintenance block | solar included | Burnside Heights
This is a freshly completed family house that stands apart from most established stock in Burnside Heights. The single-level 3/2/2 configuration with a remote double garage and 7kW solar system gives it a turnkey appeal that older homes in the suburb simply cannot match. It sits on a manageable 363m² lot, which keeps upkeep light while still offering a proper backyard footprint. The modern finishes, stone benchtops, walk-in robe, and ducted heating make it a comfortable, efficient home for a growing family or a downsizer who wants new without the build hassle. For buyers prioritising move-in readiness and low maintenance, this property is a strong fit.
The price point may sit above some recent street-level sales, reflecting the new-build premium and solar package. The land size is modest compared to larger family blocks nearby, which could limit upside for buyers seeking maximum yard space. Rental signals around $550 per week suggest decent investor appeal, though the final sale price will determine whether the yield lands in the mid-3% to low-4% range. Buyers should weigh the convenience of a finished home against the potential for slightly tighter resale margins if the market softens.
|| Comparable Sales: 10 Florida Court sold Dec 2024 for $672,000; a 3/2/2 on Florida Court sold for $670,000 | Property Price Band: $670,000–$770,000 | Value Drivers: new condition, solar system, low-maintenance land size
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Florida Court, Burnside Heights VIC 3023
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Burnside Heights is a compact, family-oriented suburb with 79.9% owner-occupied homes, where couples with children in professional occupations dominate demand. The typical household channels $1,800–$2,399 monthly into mortgages, reflecting a stable, rate-sensitive buyer base. House prices sit near a median of $750,000, but annual growth is flat to slightly negative—recent figures range from -3.1% to 0.3%—after a stronger 24.69% rise over five years. Market turnover is thin, at roughly 85–93 house sales per year, with median days on market between 26 and 42, indicating modest but not distressed activity. Gross rental yield for houses is low at 3.67%, while units yield 4.61%, though unit price data is unavailable. Demand is supported by population growth of 5% from 2016 to 2021 and an above-average household size of 3.6 people. Future growth drivers include extensive green space—parks cover 27.1% of the suburb—and high owner-occupancy lending stability. Key constraints are the stagnant price growth, limited sales volume, and mortgage stress risk from elevated repayment levels relative to income.
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PropCred Estimated Value
Comparable Sales: 10 Florida Court sold Dec 2024 for $672,000; a 3/2/2 on Florida Court sold for $670,000 | Property Price Band: $670,000–$770,000 | Value Drivers: new condition, solar system, low-maintenance land size
Bedrooms
3
Bathroom
2
Parking
2
Land
364m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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