22 Wandana Drive, Wandana Heights VIC 3216
22 Wandana Drive, Wandana Heights VIC 3216
4 bed family home | 2,180sqm corner block | pool and workshop | flood overlay present | premium Wandana Heights
This is a genuinely rare property in Wandana Heights — a large detached house on a corner block of over 2,100 square metres, which is far bigger than most family homes in the suburb. The house itself is substantial at around 240 square metres, with four bedrooms, multiple living zones, a study, and a decked entertaining area overlooking landscaped gardens and a swimming pool. The double garage with workshop and three driveway access points add practical appeal for families who need space for vehicles, hobbies, or multi-generational living. The property also sits adjacent to Tim Hill Reserve and is within the catchment for Highton Primary School and Belmont High School, with private schools like Christian College and The Geelong College nearby. This property best serves a family or lifestyle buyer who values space, privacy, and established gardens over a compact, low-maintenance block.
A flood overlay has been detected on this property, which may affect insurance costs and could be a consideration for buyers seeking to build or extend. The house itself is described as character-style with high ceilings and an open fireplace, though the exact building age and construction materials are not specified in available information — this may warrant a building inspection to understand ongoing maintenance needs. The property last sold in March 2022 for $1.95 million, and while the current asking range sits below that figure, the slower market pace in the area — averaging around 61 days on market — suggests buyers may have room to negotiate. Rental yield is estimated between 3.09% and 3.4%, which is modest for the price point, so this property is best suited to an owner-occupier rather than an investor seeking strong cash flow
Detailed Independent Property Report prepared by PropCred Analyst team for 22 Wandana Drive, Wandana Heights VIC 3216
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
This established, high-amenity suburb is positioned as a premium residential enclave, characterised by its professional demographic and high rate of outright home ownership. Demand is driven by owner-occupiers seeking quality homes and views, creating a tightly held market with low rental stock. Recent price growth has been exceptionally strong, reflecting this sustained demand against limited turnover. Future performance is underpinned by its established appeal, though the high entry price and low sales volume present a constraint on market fluidity.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
2180m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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