12 Paraffin Drive, Leopold VIC 3224
12 Paraffin Drive, Leopold VIC 3224
4-bed family house | Leopold suburb | owner-occupier demand | near shops and schools | recent 2025 sale
This house is presented as a competitively strong family configuration, with four bedrooms, two bathrooms, and double garage accommodation that is well suited to owner-occupier households. Its location within Leopold is positioned close to everyday services, including shops, schools, and parks, which reinforces its appeal to buyers seeking suburban convenience. The property is best served as a long-term family residence, where the generous floor plan and established neighbourhood character are expected to support sustained demand.
The property’s value might be affected by its presentation and the condition of its finishes, as these are weighed heavily in the family market. The presence of a well-kept garden and functional outdoor areas may be considered influential to perceived worth, while the property might be positioned fairly within its price band by the absence of major renovations. Buyers are advised to form a view on price based on how these factors align with their own requirements.
Detailed Independent Property Report prepared by PropCred Analyst team for 12 Paraffin Drive, Leopold VIC 3224
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Leopold, on the Bellarine Peninsula near Geelong, shows a mature, trade-qualified buyer base with strong sales momentum. Houses dominate the mix, and demand comes mainly from professionals and trades aged 30–39, reflected in consistent annual volumes around 280–290 and a reported 100% auction clearance rate. Median house prices sit near $690,000, up 5.37% over the past year, though one agency’s quarterly figure of $735,000 suggests faster recent movement. Units remain flat at roughly $483,000–$505,000. Houses sell in 32–50 days, indicating balanced conditions. Rental yields hover near 4.3%, supported by median weekly rents around $495–$498, reinforcing investor interest. Growth is underpinned by regional infrastructure and tight supply, but affordability is a constraint: house prices still sit below Victoria’s $827,000 median, though annual growth has fluctuated, including a 3.5% dip in 2023. No vacancy data was available.
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PropCred Estimated Value
Comparable Sales: 36 Paraffin Drive sold $1,075,000; 10-12 Spectacle Way sold $955,000 | Property Price Band: $700k-$800k | Value Drivers: four-bed layout, double garage, family-oriented location
Bedrooms
4
Bathroom
2
Parking
2
Land
512m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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