22 Chenin Street Wollert VIC 3750

22 Chenin Street Wollert VIC 3750
4 bed 2 bath on 480mΒ² lot | Wollert family zone | Fibre & 5G coverage | No bushfire overlay | Medium energy efficiency This house presents a competitively scaled family offering in a developing corridor, with its larger lot and dual living areas providing a functional advantage over newer, denser stock. The absence of bushfire or flood overlays removes a significant due diligence hurdle and insurance complexity. It best serves a owner-occupier or investor seeking a straightforward, modern house with reliable connectivity in a primary school catchment. The primary risk is the property’s middling energy rating, which imposes higher ongoing occupancy costs and may deter future tenants or buyers increasingly sensitive to utility expenses. The valuation appears supported by recent street sales, suggesting a stable entry point. Proceed with an offer conditional on a building inspection, using our report to pressure-test the listed price against true locality comparables and clarify council zoning implications for long-term utility. Nearby sales indicate a firm local market. 65 Chenin Street recently sold for $877,000, closely aligning with this property’s estimated value. The significantly lower sale of a smaller house on Shoreditch Street at $586,000 underscores the value premium commanded by this configuration’s larger lot and bedroom count. This supports the asking range as reflective of current demand for four-bedroom houses in this pocket.

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

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Market Insight:

Wollert is a high-growth family suburb in Melbourne’s outer north, positioned as an affordable entry point with strong transport links. Demand is driven by young families and first home buyers seeking larger homes, supported by steady rental yields attracting investors. Recent price growth reflects this sustained demand, with a balanced sales market. Future growth is underpinned by ongoing infrastructure development and population influx, though increasing supply and sensitivity to interest rates present moderating influences on price appreciation.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

480mΒ²

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