23A Williams Road, Mooroolbark VIC 3138
23A Williams Road, Mooroolbark VIC 3138
3 bed, 2 bath, 2 car | 370-878m² land | Mooroolbark East Primary catchment | 60% clearance street | building report available
The property offers a rare configuration advantage for Mooroolbark, combining three bedrooms with two bathrooms and dual parking on a land size that, at the higher end of reported figures, provides genuine subdivision or extension optionality. Its position within the Mooroolbark East Primary School catchment and proximity to Yarra Hills Secondary College creates a clear demographic pull for family buyers, a segment that has driven 210 local sales this year. The availability of a pre-purchase building and pest report at a fixed cost reduces due diligence friction, allowing a buyer to move decisively in a market where the street’s 60% clearance rate suggests selective but present demand.
The primary risk is the wide land size variance across sources, which could materially affect future development potential and should be verified against the title before committing. The 2019 sale price indicates a seven-year hold has already captured significant uplift, meaning further capital growth will depend on renovation or subdivision rather than passive appreciation. For a buyer, the commercial logic is to secure this property for immediate family occupation while retaining the option to develop the land in the medium term. Use the building report to negotiate a price inside the lower valuation range and hold for at least five years to realise the land value.
Detailed Independent Property Report prepared by PropCred Analyst team for 23A Williams Road, Mooroolbark VIC 3138
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Mooroolbark presents as a family-centric suburb with strong owner-occupier appeal, evidenced by its dominant detached housing stock. Demand is primarily driven by families, supported by robust sales activity and relatively swift market turnover for houses. Recent price trends indicate stable, moderate growth across the housing sector, while the unit market shows more varied performance. Future growth is underpinned by consistent family demand, though the market shows signs of increasing time on market and a slight contraction in sales volume, suggesting a potential normalization in conditions.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
878m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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