16 Schiller Street, Truganina VIC 3029
16 Schiller Street, Truganina VIC 3029
4 bedroom, 2 bathroom single-storey cottage house on a 426sqm lot with a 184sqm internal floor area, 2 car spaces, built post-2017. This is a compact family home in Truganina’s newer estate, positioned firmly in the entry-to-mid tier of the market with an estimated value around $710,000.
What is competitively strong about this property is its efficient single-storey layout on a lot that, while compact, holds a four-bedroom configuration without needing stairs – a rarity in newer estates where two-storey designs dominate. It sits comfortably within Truganina’s typical new-build stock, not overshooting in size or price, which makes it well suited to first-home buyers or young families seeking a turnkey modern house without the premium of a larger block. The post-2017 construction means it likely meets current energy and building standards, reducing immediate maintenance concerns.
Several factors may shape the value of this property. The modest lot size (under 430sqm) might limit future extension potential compared to older suburban blocks, and the absence of premium school catchment or direct transport infrastructure in immediate public data could soften demand from top-end family buyers. The 2017 sale price of $327,500 demonstrates strong capital growth, but caution should be applied – that trajectory may not repeat at the same pace given the suburb’s maturation and rising supply of similar homes nearby. Buyers should weigh the trade-off between modern convenience and long-term land appreciation.
Detailed Independent Property Report prepared by PropCred Analyst team for 16 Schiller Street, Truganina VIC 3029
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Truganina is a family-oriented suburb with strong owner-occupier demand, evidenced by high sales activity. Recent price growth has been solid, particularly for units, though the market is less competitive than metropolitan averages, indicated by a lower clearance rate. Future growth is underpinned by its established residential character, while the primary constraint is the current higher level of available supply relative to buyer demand.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
426m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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