160 Hereford Road, Lilydale VIC 3140
160 Hereford Road, Lilydale VIC 3140
A three-bedroom, one-bathroom house on 2,388 square metres of land with six parking spaces and 113 square metres of internal area. The property carries partial R12.5 and R5 zoning, hinting at development potential. Its single-level configuration means the land dominates the value equation. In Lilydale, this land size is uncommon, setting the property apart from standard suburban stock.
A strong competitive advantage is offered by the land area, which is rarely found in this part of Lilydale. The property is best positioned for buyers who prioritise space and privacy or who see value in the mixed zoning. Families seeking a large private yard or those with agricultural interests are served well by this configuration. The property’s positioning within the suburb is defined by its land size, making it a distinct rural-residential option rather than a standard family home.
The property’s value may be influenced by the zoning potential for subdivision, though council approval would be required. The modest internal living area might limit appeal to buyers seeking a turnkey home, and the large land could involve higher upkeep costs. Proximity to services may also shape desirability for some buyers.
Detailed Independent Property Report prepared by PropCred Analyst team for 160 Hereford Road, Lilydale VIC 3140
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Lilydale presents as a stable, family-oriented suburb with high owner-occupancy, underpinned by a professional demographic. Demand is driven by established households seeking long-term security, reflected in consistent sales activity. The market demonstrates solid capital appreciation for houses, with a more tempered trajectory for units, while rental yields remain attractive. Future growth is supported by sustained buyer interest, though a slightly extended sales period compared to peers suggests a measured market pace, with affordability for the dominant demographic a key consideration.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
6
Land
2388m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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