124 Lakeview Drive, Lilydale VIC 3140
124 Lakeview Drive, Lilydale VIC 3140
Detached house on large block | Lakeview Estate family precinct | Four-bedroom configuration typical | School catchment solid | Suburban view-oriented setting
This is a detached house on a substantial landholding within Lakeview Estate, where the street pattern consistently favors generously sized family lots. The configuration lends itself to households seeking space, a private garden, and room to grow, with nearby schooling options and local shopping anchoring everyday convenience. It sits toward the larger-lot end of Lilydale’s housing spectrum, so it appeals most to owner-occupiers, families, and those prioritizing land over a low-maintenance lock-up-and-leave.
Value may be shaped by the exact size and orientation of the block, the age and condition of the dwelling, and how the floor plan supports modern family living. A well-presented interior with updated kitchen and bathrooms might command a sharper price, while original finishes could leave room for renovation upside. The absence of overlays in the immediate area, together with the established estate character, may support steady demand, though any slope, vegetation, or aspect constraints could influence how usable the land feels.
Detailed Independent Property Report prepared by PropCred Analyst team for 124 Lakeview Drive, Lilydale VIC 3140
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Lilydale, a 29.2 sq km suburb in the Yarra Ranges with 23 parks, is anchored by a mature demographic: the 50-59 cohort dominates, households are mostly couples with children in professional roles, and 77.6% owner-occupancy signals stability. Demand centres on established family housing, reflected in a median house price around $925,000 with 5.96% annual growth and units at $643,000 growing 3.71%. Houses trade in 19-22 days, though one source extends to 51 days, and rental yields sit at 3.72% for houses and 4.62% for units. Five-year gains of 29.91% (houses) and 18.93% (units), plus 9.1-9.7% annual rent growth, underpin momentum. Constraints: dominant mortgage repayments of $1,800-$2,399 monthly heighten rate sensitivity, and residential sales dipped to 325 in 2024 from 346 in 2023.
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PropCred Estimated Value
Comparable Sales: 16 Lilac Rise sold $970k on 650m² | Property Price Band: $1.1M–$1.2M | Value Drivers: land size, condition, aspect
Bedrooms
3
Bathroom
2
Parking
2
Land
865m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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