112 Rokewood Cres, Meadow Heights VIC 3048
112 Rokewood Cres, Meadow Heights VIC 3048
112 Rokewood Cres is a 3-bedroom 1-bathroom single-story house on a 567m² lot with 2 car spaces. Scope to renovate rebuild or explore subdivision potential (subject to council approval) is present. No bushfire risk is reported.
The subdivision potential is considered the defining strength setting this property apart from typical Meadow Heights homes. Its land size and configuration are well-suited for either renovation or future development which makes it an attractive option for buyers seeking long-term value through land holding or expansion. The confirmed 2 car spaces resolve a common parking concern. This property is best positioned for families wanting space to grow or investors looking for a development opportunity within a suburban setting.
The value may be affected by the property’s need for updating as finishes are not detailed and modernization is likely required. The parking ambiguity in some records might raise questions but the higher figure of 2 spaces stands. The subdivision potential is a notable upside but approval from council is not guaranteed and timing could influence returns. These factors should be weighed when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 112 Rokewood Cres, Meadow Heights VIC 3048
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Meadow Heights is positioned as an affordable entry point within Melbourne’s northern growth corridor, attracting both families and investors. Demand is driven by its relative value compared to premium suburbs, with families drawn to spacious lots and investors to strong rental returns. The market exhibits robust price growth and tight conditions, with properties moving quickly. Future growth is underpinned by planned infrastructure upgrades, though constraints include limited new supply and sensitivity to interest rate changes for yield-focused purchasers.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
567m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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