111 Royal Cres, Hillside VIC 3037
111 Royal Cres, Hillside VIC 3037
4 bed family house | 717 sqm block | renovated throughout | Hillside’s tighter pocket | premium finish focus
This is a competitively strong family proposition for Hillside, largely because of the land. At roughly 717 sqm, the block sits meaningfully above much of the newer suburban stock in the area, and that extra space translates into practical outdoor room, better separation between living zones, and a buffer from neighbours that compact lots simply do not offer. The renovation is described as meticulous, with premium inclusions and an entertaining-led layout, which suggests the property has been brought to a standard that avoids immediate capital outlay. For a buyer upgrading from a smaller house or townhouse, this reads as a move-in-ready home with the configuration and land to support long-term occupancy. It suits an owner-occupier family most, particularly one that values established presentation over the uncertainty of a renovation project.
The value picture here is shaped by a few factors that may influence what the property ultimately transacts for. The 717 sqm allotment is the strongest single driver, as it is a scarce commodity in this suburb and tends to hold value better than the dwelling alone. The renovation quality and layout will matter too, but only to the extent that they align with what local family buyers expect — over-improvement for the area can sometimes narrow the buyer pool rather than widen it. The absence of confirmed detail on aspect, zoning, or any overlay constraints means the buyer should verify those points before forming a firm price view, as they could affect both usability and future flexibility.
|| Comparable Sales: 5 Colburn Court, Hillside — 4 bed family house on 600 sqm, sold around $890K–$950K | Property Price Band: $900K–$1M | Value Drivers: land size, renovation condition, family layout
Detailed Independent Property Report prepared by PropCred Analyst team for 111 Royal Cres, Hillside VIC 3037
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Hillside, in Melbourne’s outer west, is a family-dominated market: median age 38, household size 2.7, and owners outnumbering renters. Demand centres on affordable multi-bedroom houses, with 191–206 sales yearly and a median house price of $822,500. House growth runs 4.25–4.8%, while units are tighter: median $592,000 with 6.4–7.64% growth, reflecting low unit supply. Houses sell in about 24–25 days, indicating balanced-to-tight conditions. Rental yields are modest – houses 3.28%, units 4.14% – supported by median rents of $530 and $470 weekly. Infrastructure links to the CBD and local schools sustain family demand. Key constraints: affordability is stretched as prices approach $850,000 for larger homes, and rate sensitivity shows in 24–25 day selling times. Future growth relies on steady sales volume and rental demand, but low unit turnover and price-sensitive buyers could temper momentum.
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PropCred Estimated Value
Comparable Sales: 5 Colburn Court, Hillside — 4 bed family house on 600 sqm, sold around $890K–$950K | Property Price Band: $900K–$1M | Value Drivers: land size, renovation condition, family layout
Bedrooms
4
Bathroom
2
Parking
2
Land
717m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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