11 Hilltop Avenue, Macleod VIC 3085
11 Hilltop Avenue, Macleod VIC 3085
3-bed detached house | 767m² land | 1960 build | owner-occupier street | school zone
This property’s competitive edge is its land. At 767m², the block is materially larger than most detached houses in Macleod, and that size gives you options—renovate the existing 1960s home, extend, or consider a rebuild down the track. The house itself is straightforward: three bedrooms, one bathroom, single car space, with air conditioning and heating already in place. It’s not a premium finished product, but it doesn’t need to be. The street skews heavily toward owner-occupiers, which tends to support stable values and a quieter neighbourhood feel. The school zone alignment with Macleod College adds practical appeal for families. This property suits a buyer who values land and location over move-in-ready polish—someone willing to invest sweat equity or plan a longer-term project.
The 1960 build means the internal layout and finishes may feel dated, and the single bathroom could be a limitation for some households. The property’s value is likely driven more by its land content than the house itself, so its condition and presentation will matter when comparing against other options. The previous sale nine years ago at $817k suggests steady appreciation, but the current market may reward the land component more than the dwelling. Buyers should weigh the cost of any renovation or rebuild against the purchase price, and consider how the larger block compares to smaller nearby listings in terms of long-term potential. Rental yield sits around 3.1%, which is moderate rather than compelling for investors.
|| Comparable Sales: 10 Hilltop Avenue sold for $1.10M–$1.15M on 563m² | Property Price Band: $1.0M–$1.1M | Value Drivers: land size, school zone, renovation potential
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Hilltop Avenue, Macleod VIC 3085
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
The suburb, with a population just under 10,000 and a median age of 43, shows a mature family profile. Demand is driven by families, consistent with the three- and four-bedroom house medians of $1.013m and $1.33m. House prices have corrected over the past year: most measures show declines of 0.9% to 9.6%, with one index recording a 7.6% rise. Units have also softened, falling 4.9% to 10.8% depending on source. Houses sell in a median 28 to 43 days, while rental yields sit at 2.8–3.1% for houses and 3.8–4.1% for units, with weekly rents of $620 for houses and $550–$580 for units. The elevated entry price and recent price falls point to affordability constraints as the key limiting factor. Growth drivers beyond the existing school catchment are not established.
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PropCred Estimated Value
Comparable Sales: 10 Hilltop Avenue sold for $1.10M–$1.15M on 563m² | Property Price Band: $1.0M–$1.1M | Value Drivers: land size, school zone, renovation potential
Bedrooms
3
Bathroom
1
Parking
1
Land
767m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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