119 Stadium Circuit, Mulgrave VIC 3170
119 Stadium Circuit, Mulgrave VIC 3170
Modern freestanding house | Waverley Park precinct location | 66% building coverage | Solar & ducted systems | No overlays
This property presents a competitively strong, low-maintenance family home within a master-planned estate, directly adjacent to the stadium precinct’s amenities. Its 2005 construction offers modern fittings and multiple living zones, while the absence of bushfire or heritage overlays simplifies the purchase process. It best serves a growing family seeking convenience, with its zoning for established schools and immediate access to parks, shopping, and transport links forming a complete lifestyle package.
The primary decision hinges on the premium for location versus lot size, with a 66% coverage limiting outdoor space but maximizing internal area. The value band is validated by recent precinct sales, indicating stable demand. Proceed with an offer aligned to the upper quartile of comparable sales, anticipating solid rental demand if required. A Propcred report would precisely calibrate its valuation against recent estate sales and confirm locality-specific risk factors for insurance.
Recent sales on Stadium Circuit provide clear benchmarks:
6C Stadium Circuit sold for $880,000.
80 Stadium Circuit, a larger 5-bedroom home on a 385sqm lot, sold for $1,350,000.
This situates the subject property’s value between these points, reflecting its standard 4-bedroom configuration on a smaller, high-coverage block within a sought-after enclave.
Detailed Independent Property Report prepared by PropCred Analyst team for 119 Stadium Circuit, Mulgrave VIC 3170
Market Insight:
Mulgrave is a well-established, family-oriented suburb with strong owner-occupier appeal, evidenced by high auction clearance rates. Demand is driven by young professional families seeking spacious homes in a settled community. The housing market demonstrates robust growth, while the unit segment currently faces price headwinds. Future performance is underpinned by its established character and proximity to the city, though sensitivity to interest rates and unit market softness present key considerations.