1531 Old Burke Road, Kew East VIC 3102
1531 Old Burke Road, Kew East VIC 3102
Elevated 839m² block | brand-new 2025 architect design | 5 bed, 4 bath, 4 car | premium stone and oak finishes | strong school zone appeal.
This is a rare combination in Kew East: a large, elevated landholding paired with a newly built, architect-designed residence. Most properties of this size in the area are older family homes requiring renovation, so this house offers the benefit of a fresh, premium build without the wait or the work. The five-bedroom, four-bathroom configuration with four car spaces is generous and practical for a growing family, while the double-height voids, limed oak floors, and stone finishes lift it well beyond standard new builds. It suits a buyer who wants a move-in-ready, high-end family home on a substantial block in a sought-after school zone, with the scale and quality to hold its position in the local market.
The property’s value may be shaped by a few factors. The land size is a genuine strength, but the internal area of around 200 square metres is modest for a five-bedroom home, so the layout may feel tighter than the bedroom count suggests. The elevated position and premium finishes are likely to command attention, though the low rental yield indicates the price is driven by owner-occupier demand rather than investment logic. Buyers should weigh the quality of the build against the functional floor plan, and consider how the property compares to other new or recently renovated family homes on similar-sized blocks in the immediate area.
|| Comparable Sales: 1507 Old Burke Road sold at $1.625M on 856m²; 1495 Burke Road asking $2.75M for 4 bed, 2 bath | Property Price Band: $2.5M–$2.7M | Value Drivers: land size, new build quality, school zone, elevated position
Detailed Independent Property Report prepared by PropCred Analyst team for 1531 Old Burke Road, Kew East VIC 3102
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Kew East is an established, high-value suburb with a median house price of $2.3m, well above national averages, and a professional-skewed demographic concentrated among 50–59 year olds. Demand comes from established households—likely empty-nesters and downsizers—given the 66% house/34% unit mix and median household size of 2.7. House prices grew 3.72% annually; recent sales show a median of $2.15m, up 5.9% year-on-year, though alternate sources put it lower. Units outperformed, rising 18% to $1.21m, with a 3.3% rental yield. Market conditions are firm: houses sell in a median 25 days, units in 38. Key constraints are severe affordability barriers and shrinking transaction volumes—house sales fell 33% year-on-year—limiting upside.
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PropCred Estimated Value
Comparable Sales: 1507 Old Burke Road sold at $1.625M on 856m²; 1495 Burke Road asking $2.75M for 4 bed, 2 bath | Property Price Band: $2.5M–$2.7M | Value Drivers: land size, new build quality, school zone, elevated position
Bedrooms
5
Bathroom
4
Parking
4
Land
839m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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