2/17 Waranga Cres, Broadmeadows VIC 3047
2/17 Waranga Cres, Broadmeadows VIC 3047
3 bed villa in Broadmeadows | No body corporate | Private rear block | 370sqm land | Move-in ready
This villa unit offers a less common combination of a private rear position on a 370sqm block with no body corporate, which is structurally uncommon for a villa of this type and gives the buyer direct ownership control and no ongoing levies. The 2008 build with floorboards, ducted heating, split system cooling and brand new carpet means the property is genuinely move-in ready, removing immediate renovation cost and risk.
The main risk is the auction clearance rate of zero percent on Waranga Crescent, which signals limited recent buyer competition at this price point and may require patience or a pre-auction strategy. The property last transacted in 2014, so there is no recent price anchor; buyers should verify comparable sales from similar villa units rather than relying on the street median. The headline appeal is clear, but the pricing, rental evidence and site-specific risk profile should be checked independently before a buyer relies on it.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/17 Waranga Cres, Broadmeadows VIC 3047
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Broadmeadows is a working-class suburb with strong investor appeal, driven by robust capital growth and solid rental yields. Recent price momentum is significant, supported by steady turnover and a tight rental market. Future demand is underpinned by its established transport links and relative affordability, though sensitivity to economic conditions and interest rates presents a key constraint on sustained growth.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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