17 Summit Road, Lilydale VIC 3140
17 Summit Road, Lilydale VIC 3140
4 bedrooms, 2 bathrooms, 2 car spaces on 1132 m² of land with 245 m² of internal living space. This is a detached house built likely after 1990. The lot is smaller than the typical Lilydale block but the house itself is generously proportioned for a family.
What is competitively strong here is the configuration itself. A four bedroom, two bathroom house on a manageable but still substantial lot is exactly what family buyers in Lilydale are looking for. The house is large enough to feel spacious without the maintenance burden of a full acre property. This positions it well for families who want room to grow but also want a more practical outdoor space. The location on Summit Road places it in a established residential pocket with good school access and a semi rural feel. The buyer this serves best is a family upgrading from a smaller home or a multi-generational household needing separate spaces.
What may materially affect value is the land size relative to the suburb character. While the house is modern and well sized, the 1132 m² lot is below the typical Lilydale block which often runs larger. This might limit the premium some buyers are willing to pay compared to properties on bigger parcels. The lack of any bushfire or flood overlay is a positive but the absence of a heritage overlay also means future development potential is not restricted. The 2017 sale history shows the property has appreciated steadily and that trajectory may continue but the smaller lot could cap upside compared to larger land holdings in the immediate area.
Detailed Independent Property Report prepared by PropCred Analyst team for 17 Summit Road, Lilydale VIC 3140
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
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
2
Bathroom
1
Parking
1
Land
1132m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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