20 Flamingo Drive, Wantirna South VIC 3152
20 Flamingo Drive, Wantirna South VIC 3152
Large 775m² block | 1985 family house, 159m² internal | Strong school catchment demand | Rental appeal near $930/week | Older finish, upgrade potential
This property holds a genuine competitive edge through its land size—775m² is substantial for the suburb’s current detached stock, where newer townhouses and smaller lots are becoming common. The four-bedroom, two-bathroom layout suits a family needing space indoors and out, and the proximity to Templeton Primary and Wantirna College strengthens its appeal to owner-occupiers prioritising schooling. The rental estimate of $930 per week signals robust tenant demand, making it viable for an investor, though the 1985 build and standard features—floorboards, open fireplace, deck—suggest a comfortable but unrenovated home. It serves best a buyer seeking a large block in an established pocket, willing to add value through updates rather than paying a premium for a finished product.
The property’s age and finish level may temper its price ceiling compared to renovated neighbours, as kitchens, bathrooms, and overall presentation likely reflect the original era. The 159m² internal area is moderate for a four-bedroom house, so living spaces may feel compact relative to the land size, which could limit appeal for buyers expecting generous proportions. The lack of confirmed aspect or premium landscaping means orientation and outdoor usability might be a point of inspection, potentially affecting perceived value. Buyers should weigh the cost of modernisation—likely significant for a full update—against the strength of the land component, which holds long-term flexibility.
Detailed Independent Property Report prepared by PropCred Analyst team for 20 Flamingo Drive, Wantirna South VIC 3152
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Wantirna South, 26km east of Melbourne, is a family and professional market centred on Regency Park Estate, where 3-5 bedroom homes on ~700sqm in quiet cul-de-sacs drive demand. House medians range $1.27m-$1.3m, with 2.4%-4.3% annual growth. Units are weaker: median $557,500-$648,000, growth ranging from -10% to +1.3%. Listings sell in 24-25 days; auctions clear at 79.7% vs 77.8% metro, with only 15 properties for sale and 231 house sales annually. Future growth rests on Westfield Knox upgrades, Knox Private Hospital, Wantirna College’s new facilities, and Knox infrastructure works. Key constraints are unit oversupply, affordability pressure, and interest-rate sensitivity.
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PropCred Estimated Value
Comparable Sales: 21 Flamingo Drive sold $1.2M–$1.3M; 34 Flamingo Drive listed $1.6M–$1.7M | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, condition of interior, school catchment appeal
Bedrooms
4
Bathroom
2
Parking
2
Land
775m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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