11 Magenta Drive, Wollert VIC 3750
11 Magenta Drive, Wollert VIC 3750
Corner block, family layout, growth corridor | Climate-ready home, zoned living | Near retail, schools, parklands | Strong street demand, quick past sale
This property offers a rare corner block configuration in a growth corridor, with 4 bedrooms and 2 bathrooms on a low-maintenance 308m² lot. The master suite with walk-in wardrobe and ensuite, plus ducted heating and split-system cooling, positions it as a turnkey family home. Its location near Aurora Village, Lyundarum Shopping Centres, and Wollert Primary and Secondary Colleges makes it ideal for families seeking convenience. The street profile shows 85% owner-occupancy and a recent sale at #5 achieving 106.8% annual growth, indicating strong local demand.
The primary risk is the auction format on 23 May, which may push price above the guide range if competition is high. The estimated valuation of $680k sits above the guide, so buyers should budget for potential overpay. However, the 4.1% rental yield offers a fallback if holding as an investment. The corner block may also allow future subdivision potential, subject to council approval. Hold this property for medium-term capital growth in a developing suburb.
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Magenta Drive, Wollert VIC 3750
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Wollert is a high-growth family suburb in Melbourne’s outer north, positioned as an affordable entry point with strong transport links. Demand is driven by young families and first home buyers seeking larger homes, supported by steady rental yields attracting investors. Recent price growth reflects this sustained demand, with a balanced sales market. Future growth is underpinned by ongoing infrastructure development and population influx, though increasing supply and sensitivity to interest rates present moderating influences on price appreciation.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
308m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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