2 Evermore Drive, Marong VIC 3515
2 Evermore Drive, Marong VIC 3515
4-bed house on 501m² lot | recent comparable sale at $610k | priced below newer builds | established neighbourhood setting.
This property presents a competitively priced entry into the Marong market for a four-bedroom house, positioned below the asking price of newer constructions and recent listings. Its core configuration meets broad family demand, serving buyers seeking established neighbourhoods over premium finishes. The lot size, while smaller than some comparables, offers manageable upkeep.
The primary risk is the unknown condition and age of the structure, which could impose immediate capital costs. The price positioning, however, creates a buffer for renovation. Acquire as a long-term hold with a view to capitalising on area growth. Our report provides the essential real market valuation, due diligence checklist, and locality risk assessment to secure this position.
Comparable sales indicate a firm local market. 10 Evermore Drive sold for $610,000 in March 2025, demonstrating significant appreciation. 29 Evermore Drive, a newer home on a larger block, achieved $697,000 in May 2023. This suggests the subject property’s asking price acknowledges its likely older vintage and smaller land component.
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Evermore Drive, Marong VIC 3515
Checks found:
Value Risk
!
1
Liquidity Risk
✓
Planning Risk
✓
Income Risk
✓
Execution Risk
!
1
Insight: Marong VIC 3515
Marong presents as a stable, family-oriented market with steady demand from local trades-based households. Recent price trends indicate a period of consolidation, with a balanced market evidenced by consistent sales volumes and a very tight rental vacancy rate. Future growth is underpinned by its established community fabric, though its sensitivity to broader economic conditions warrants attention given the high proportion of mortgaged owners.
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
501m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst