21 Modena Road, Fraser Rise VIC 3336
21 Modena Road, Fraser Rise VIC 3336
Compact 3-bedder on 242sqm | master ensuite | FTTP | Melton council | suited to first buyer or investor
This property presents a rare configuration advantage for its price point: a three-bedroom home with a master ensuite on a small, manageable block, which is unusual in newer estates where most compact lots pair with two-bedroom designs. The 149sqm footprint with open-plan living and 900mm appliances signals a build standard above entry-level, and the Fibre to the Premises NBN adds genuine utility for remote workers. It is best suited to a first home buyer seeking low-maintenance ownership or an investor targeting the sub-$600k entry bracket with stable rental demand from Sydenham-Hillside Primary and Springside West Secondary zones.
The principal risk is the 242sqm land size-this is a strata-style footprint without strata protections, meaning future resale appeal depends entirely on the house condition and street positioning, not land value uplift. The absence of confirmed sale history and overlays data gaps introduce valuation uncertainty, though the $585k–$615k guide range suggests disciplined pricing. The opportunity lies in the rental yield: at $465/week on a $600k purchase, the gross return sits near 4%, which is competitive for Melbourne’s western corridor. Hold this property as a cash-flow-positive rental or occupy it for three to five years before trading up.
Detailed Independent Property Report prepared by PropCred Analyst team for 21 Modena Road, Fraser Rise VIC 3336
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Fraser Rise is a young, family-dominated suburb in Melbourne’s growth corridor, with demand driven by mortgaged homeowners seeking detached housing. Recent price trends have softened, reflecting sensitivity to interest rates in this high-ownership market. Future growth is underpinned by strong sales volumes and rental stability, though constraints include limited housing diversity and affordability pressures from its mortgage-heavy demographic.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
242m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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