27 Plimsoll Street, Mickleham VIC 3064
27 Plimsoll Street, Mickleham VIC 3064
4-bed 2-bath family house | Metricon build | double-glazed + solar | 350m² in Mickleham growth | upgraded turnkey
The property is competitively positioned as a recently built Metricon house with a practical 4-bedroom, 2-bathroom layout and a 350m² parcel that is slightly larger than many neighbouring turnkey homes. Its standout strength lies in the specification: stone benchtops, soft-close cabinetry, double-glazed windows, solar power and ducted heating are included as standard, which lifts it above entry-level estate product. The configuration suits families seeking a low-maintenance, energy-conscious home in a master-planned growth corridor, and the same qualities will appeal to investors targeting contemporary rental stock. This is not a character property; its value is built on modern efficiency and turnkey condition.
Value may be most influenced by the balance between land size and finish quality. A larger 350m² allotment offers more flexibility than the typical 260–290m² lots in the immediate area, and that may support a modest price premium. However, the suburb is still in an expansion phase, so surrounding amenity is not yet fully mature, and buyer appetite might soften at the upper end of the price range. The absence of a confirmed build year and orientation introduces a degree of caution, but neither is likely to materially undermine the property’s appeal.
Detailed Independent Property Report prepared by PropCred Analyst team for 27 Plimsoll Street, Mickleham VIC 3064
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Mickleham, 29km north of Melbourne, is a high-growth fringe suburb anchored by the Merrifield master-planned community. Demand is driven by families and young professionals seeking affordable housing and emerging infrastructure; population jumped from 3,142 to 17,452 between 2016 and 2021. House prices sit at a $700,000 median, with annual growth of 3.8–4.8%, while units median $615,000–$624,000 and grow near 4%. Houses rent for $550 weekly, yielding about 4.1%. Market conditions are balanced but slower: median days on market runs 58–63, and sales volumes vary widely, signalling potential supply fluctuations. Future growth hinges on the Merrifield mixed-use development and new schools, though modest capital growth and longer selling times remain constraints.
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PropCred Estimated Value
Comparable Sales: 19 Vere Way, 3-bed 2-bath on 293m², sold $590k | Property Price Band: $700,000–$800,000 | Value Drivers: land size, upgraded finishes, energy-efficient features
Bedrooms
4
Bathroom
2
Parking
2
Land
350m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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