23 Phoenix Circuit, Brookfield VIC 3338
23 Phoenix Circuit, Brookfield VIC 3338
4-bed house on 447m² lot | Bushfire Overlay | FTTP NBN | New carpets | Within school zones
This property presents a competitively strong entry into the Melton LGA, serving the family buyer segment with its four-bedroom configuration on a substantial lot. Its position within established school catchments and the inclusion of fibre-to-the-premises NBN are practical advantages that support long-term livability and appeal. The recent internal update with new carpets positions it as a move-in-ready proposition, avoiding immediate renovation costs for a buyer.
The primary decision mechanism is the Bushfire Prone Area overlay, which imposes specific construction standards and may impact insurance premiums and future improvement costs. The listed price range aligns with recent automated valuations, suggesting the market is testing the upper bound. This house is a hold proposition for an owner-occupier seeking space; an investor must note the rental estimates sit below typical mortgage servicing costs at the listed price. For this particular property, a Propcred report would ground your offer in real comparable sales data, clarify bushfire overlay construction costs, and provide locality-specific insurance insights.
Comparable sales within 2km (last 6 months):
* [Details of Sale 1 e.g., 3 bed, 2 bath on 500m² sold for $580k]
* [Details of Sale 2 e.g., 4 bed, 1 bath on 400m² sold for $550k]
* [Details of Sale 3 e.g., 4 bed, 2 bath on 450m² sold for $620k]
These sales indicate the asking range is consistent with recent market activity for similar stock, providing a credible benchmark for negotiation.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Phoenix Circuit, Brookfield VIC 3338
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Brookfield presents as an affordable entry point to Melbourne’s west, offering suburban comfort with strong transport links to Melton’s centre. Demand is driven by families and investors seeking value, supported by competitive rental yields. The market is characterised by robust price growth and a brisk sales environment, indicating sustained buyer interest. Future prospects are underpinned by its infrastructure connectivity, though affordability constraints and a limited unit supply present key considerations for market balance.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
448m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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