23 Valley Cres, Glenroy VIC 3046
23 Valley Cres, Glenroy VIC 3046
elevated 585m² house | valley views | original well-kept interior | flexible family layout | school-park proximity
The house sits on an elevated 585m² allotment with valley views, a configuration that stands out in Glenroy’s mix of townhouses and standard dwellings. Its original but well-maintained interior offers multiple living areas, a rear retreat, and an oversized double garage beneath the home, giving it rare flexibility for families. The location near a reserve, Moonee Ponds Creek trails, Glenroy West Primary School, and the station strengthens its appeal for family buyers seeking a commutable, community-oriented pocket. The combination of land size, outlook, and practical layout makes it a solid choice for those wanting a family house with scope to add value over time.
Value may be influenced by the condition of the original interior, which could prompt updating costs, and by the lack of a stated building age, making structural checks advisable. The elevated position and valley views might support a premium over similar-sized houses, while the double garage and separate storage add everyday utility. Buyers should weigh the balance between immediate livability and future renovation potential, as presentation may play a significant role in determining final price.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Valley Cres, Glenroy VIC 3046
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Glenroy, 13 km north of Melbourne’s CBD, offers strong transport links via Glenroy Station and freeway access to the city and airport. Demand is driven by families and investors, attracted to a mix of post-war homes and new developments with schools, shopping and parks nearby. House prices reflect solid momentum: median $850,000, with annual growth between 2.8% and 4.8%; REIV puts the median at $920,000 with a 5.1% quarterly gain. Units sit at $625,000, up 6.8% annually. Houses transact in 27–39 days, indicating competitive conditions. Rental yields are modest for houses (3.6%) but firmer for units (4.7%). Future growth relies on transport connectivity; supply-side constraints remain unquantified.
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PropCred Estimated Value
Comparable Sales: 30 Valley Crescent sold $790,000 in Nov 2025 | Property Price Band: $700,000–$800,000 | Value Drivers: land size, elevated valley views, original condition
Bedrooms
3
Bathroom
2
Parking
1
Land
585m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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