23A Tarella Drive, Keilor Downs VIC 3038
23A Tarella Drive, Keilor Downs VIC 3038
3-bed unit on compact 326m² | school-zoned established suburb | low-maintenance family layout | strong owner-occupier demand | limited unit supply
A three-bedroom unit on a compact allotment is offered as a relatively rare configuration within a suburb where detached houses on larger parcels are the dominant housing form. That scarcity, combined with a low-maintenance footprint and two bathrooms, is seen as a practical option for families seeking to enter the area without the upkeep of a full-sized house. The zoning to Keilor Views Primary School and Keilor Downs Secondary College is understood to reinforce its appeal to households with school-age children, while the straightforward layout is suited to downsizers and first-home buyers alike. The unit is positioned within an established residential setting, where demand is driven more by lifestyle than by speculative investment.
The value of this unit may be influenced by its position within a smaller allotment, which might be seen as limiting extension potential in comparison to larger parcels. The condition and presentation of the interior and exterior are likely to be the primary value determinants, as any deferred maintenance could narrow buyer interest. Market interest for low-maintenance units in the area may be shifted by broader family-house pricing, but the property’s school zoning and unit scarcity might be relied upon for some resilience. The trade-off between a manageable footprint and the dominant larger-house character of the surrounding streets should be weighed by a buyer.
>> Comparable Sales: 3-bedroom unit at 15 Tarella Drive sold for $680,000; 3-bedroom unit at 22 Tarella Drive sold for $695,000 | Property Price Band: $650,000-$750,000 | Value Drivers: condition, land size, layout
Detailed Independent Property Report prepared by PropCred Analyst team for 23A Tarella Drive, Keilor Downs VIC 3038
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
1
URL has been copied successfully!
Market Insight
Keilor Downs, 20km from the CBD, is a family-oriented suburb of solid brick homes where owner-occupier demand is strong. Houses trade in roughly 30–41 days, with limited stock and a demand-supply ratio pointing to sustained buyer interest. Median house prices have climbed 6.5%–14.8% annually, depending on source, landing between $810,000 and $902,000; the tighter range sits near $857,000–$871,500. Unit prices are softer, with medians of $595,000–$635,000 and growth ranging from -3.5% to 5.06%, signalling a stagnant segment. House rental yields are modest at 3.6%–3.7%, while unit yields reach 4%–4.5%. Sales volumes are thin – 72–106 house sales yearly, down 34.5% – and fast selling times suggest sellers hold the edge. Future growth hinges on infrastructure and persistent demand, but affordability and rate sensitivity are constraints, particularly for the weak unit market.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
326m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!