23 Hallray Road, Mickleham VIC 3064
23 Hallray Road, Mickleham VIC 3064
4-bed modern family house | Metricon-built with solar and double glazing | 350m² block | study nook and dual living zones | strong rental demand
A compact, modern family house with a genuinely useful layout is offered here. A separate front living room and study nook are provided, and the open-plan family and dining area is connected to outdoor entertaining. Metricon construction is signalled by double glazing, stone benchtops, and soft-close cabinetry, placing this above entry-level specification yet still within the mainstream new-growth market. A planned estate with family-oriented schooling within a few kilometres is the setting, which is suited to growing families and first-home buyers seeking low-maintenance modern living. Investors are also served by the solar system and strong rental interest typical of this suburb.
The compact land size might be seen as limiting future extension, while orientation and street position could affect natural light and privacy. The modern specification is expected to hold value well, though the standard inclusion set may not be considered differentiating against comparable new builds. Solid rental yield and ongoing demand for compact family homes in growth corridors are likely to be sustained.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Hallray Road, Mickleham VIC 3064
Checks found:
Value Risk
!
1
Liquidity Risk
✕
2
Planning Risk
✓
Income Risk
✕
2
Execution Risk
✓
Market Insight
Mickleham, 29km north of Melbourne, is a high-growth fringe suburb anchored by the Merrifield master-planned community. Demand is driven by families and young professionals seeking affordable housing and emerging infrastructure; population jumped from 3,142 to 17,452 between 2016 and 2021. House prices sit at a $700,000 median, with annual growth of 3.8–4.8%, while units median $615,000–$624,000 and grow near 4%. Houses rent for $550 weekly, yielding about 4.1%. Market conditions are balanced but slower: median days on market runs 58–63, and sales volumes vary widely, signalling potential supply fluctuations. Future growth hinges on the Merrifield mixed-use development and new schools, though modest capital growth and longer selling times remain constraints.
PropCred Estimated Value
Comparable Sales: 23 Hollington Drive sold at $182,500 (2020) | Property Price Band: $700k–$800k | Value Drivers: condition, land size, layout
Bedrooms
4
Bathroom
2
Parking
2
Land
350m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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