24 Illawong Drive, Donvale VIC 3111

24 Illawong Drive, Donvale VIC 3111
Architectural Italian design | Acreage in Golden Mile location | 2011 modern build | Bushfire overlay This property presents a rare combination of a substantial, architect-designed modern residence on over an acre of land within a sought-after precinct. Its four-bedroom, four-bathroom, four-car configuration is exceptionally spacious and caters to a premium multi-generational or executive family seeking space and luxury. The modern construction date minimizes immediate renovation costs, and the established school zones add family utility. It serves a buyer prioritizing prestige, scale, and turnkey quality in a leafy suburban setting. The primary decision factors are the Bushfire Management Overlay, which imposes specific construction standards and may increase insurance costs, and the property’s significant price appreciation since 2014, which demands scrutiny of current value. The large landholding is a long-term advantage but requires considerable upkeep. This is a hold property for a buyer intending to occupy long-term to amortize the entry cost and fully utilize the space; it is not a short-term investment vehicle.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Donvale is a well-established, low-density suburb offering spacious family homes, attracting professionals and mature families seeking a leafy environment. Recent market conditions show a softening in house prices, while the unit segment has displayed some resilience. The suburb’s appeal is anchored in its generous block sizes and tranquil setting, though its current price sensitivity and slower sales activity indicate a period of market adjustment. Future growth will likely depend on sustained demand from upsizing families and the limited supply of new housing stock in this established area.
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PropCred Estimated Value

Bedrooms

Bathroom

Parking

4

Land

1.01 acres

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