240 Whites Road, Mount Duneed VIC 3217
240 Whites Road, Mount Duneed VIC 3217
Large acreage parcel | Homestead-style brick home | Pool and alfresco living | Bushfire and flood overlays | Lifestyle buyer focus
What sets this property apart is the rare combination of a solid four-bedroom family layout with over an acre of land in a suburb dominated by compact estate housing. The homestead presentation, wraparound verandah, and north-facing orientation give it a character that newer builds simply don’t offer. It suits a buyer seeking space, privacy, and room for outdoor living without leaving the Geelong growth corridor. The dual living areas and substantial building footprint make it practical for a larger household, while the pool and alfresco area extend the usable space through warmer months. This is a property for someone who values the land and the lifestyle it enables, not just the house itself.
The bushfire and flood overlays are the most significant factors to weigh, as they may influence insurance costs and any future development potential. The property’s position within a broader industrial precinct, with possible future residential conversion subject to council approval, could create opportunity but also uncertainty. The asking range sits well above what a standard Mount Duneed estate home would command, so the value here is tied almost entirely to the land size and the semi-rural setting. Buyers should consider how long they plan to hold, and whether the overlays or precinct status might affect resale appeal down the track.
|| Comparable Sales: 22 Whites Road sold $1.15M; 79 Whites Road sold $1.08M | Property Price Band: $1.8M–$1.9M | Value Drivers: land size, homestead character, pool and outdoor living
Detailed Independent Property Report prepared by PropCred Analyst team for 240 Whites Road, Mount Duneed VIC 3217
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Mount Duneed, in Geelong’s southern corridor, is a family-oriented suburb. Professionals dominate the workforce, household incomes are 64% above regional Victoria, and 52% of households are couples with children, with 29% aged under 19. That demographic underpins demand for 4-bedroom houses, which median at $727,000. The overall median house price is $702,500, flat year-on-year, with 280 sales in the past 12 months and an average 52 days on market. However, 3 and 4-bedroom houses sit longer (67 and 78 days), indicating a balanced market for buyers. Rental demand remains firm: median house rent is $551 per week, with 3.8% annual growth and a gross yield of 3.9%. Unit data is too thin to analyse (fewer than 5 sales). With no supply or rate-sensitivity data, the visible constraint is the limited unit market and recent slight price softening.
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PropCred Estimated Value
Comparable Sales: 22 Whites Road sold $1.15M; 79 Whites Road sold $1.08M | Property Price Band: $1.8M–$1.9M | Value Drivers: land size, homestead character, pool and outdoor living
Bedrooms
4
Bathroom
2
Parking
2
Land
1.41 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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