21 Greengables Drive Wyndham Vale VIC 3024

21 Greengables Drive Wyndham Vale VIC 3024
3-bed house on 624mΒ² | 1999 build in Wyndham Green | 54% building coverage | large backyard & solar This property presents a competitively strong offering for a family or long-term investor, defined by its substantial 624-square-metre block in the established Wyndham Green estate. The 54% building coverage and 336-square-metre footprint deliver rare internal space for a three-bedroom house, creating multiple living zones and a dedicated dining area that cater directly to growing households. Its 1999 construction places it ahead of many newer builds in land size, while the detected solar panels and absence of development overlays provide practical cost savings and security. The decision hinges on paying a premium against the suburb median, justified by superior land holdings, but exposes you to the slower capital growth typical of older stock in developing corridors. Secure it as a long-term family home to realise its spatial advantage, or as a yield-focused investment leveraging its estimated rental yield aligning with suburb averages. A Propcred report would pressure-test its current valuation against recent comparable sales and detail locality-specific risks for insurance and holding costs. The property last sold for $405,000 in June 2016 and $377,000 in April 2015. This sales history indicates significant equity growth over the past decade, supporting the current valuation premium over the suburb median. It establishes a trajectory of solid capital gain for long-term holders.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Wyndham Vale is a master-planned, family-oriented suburb with strong demand from young families, evidenced by its demographic profile. This cohort is driving a robust owner-occupier market for houses, supported by solid sales activity and rising rental demand. Recent house price growth has been moderate, though it trails the broader metropolitan average, while the unit market remains subdued with limited activity. Future growth is underpinned by its family-friendly amenities and infrastructure, but key risks include lower relative rental yields and price growth performance compared to Melbourne.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

623mΒ²

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