28 Clarence Road, Wantirna VIC 3152
28 Clarence Road, Wantirna VIC 3152
Near-new 2019 build | four-bed three-bath flex layout | ground-floor master ensuite | compact 398m² corner block | family-pocket convenience
This house was built in 2019 among mostly older detached stock. Four bedrooms, three bathrooms and a ground-floor master with ensuite are provided, with genuine multigenerational appeal. Victorian Ash floors, 2.7-metre ceilings, double glazing, ducted heating, evaporative cooling and split-system air conditioning are fitted throughout. Dual living zones are arranged over two storeys, and a flat corner allotment with a 5,000-litre water tank adds practical value. The layout is suited to families wanting parental separation or guest accommodation, and to move-up families or downsizers needing ground-floor living. Schools, Knox, EastLink and parkland are nearby.
Land-value growth may be capped by the compact 398m² parcel, though the built form is strong. Value might be driven more by configuration demand than land size, and buyers wanting a large backyard or north-facing light might not be persuaded. The catchment is ordinary rather than prestige, which may narrow the buyer pool, though near-new condition and established amenity may support pricing resilience.
Detailed Independent Property Report prepared by PropCred Analyst team for 28 Clarence Road, Wantirna VIC 3152
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Wantirna South, 26 km east of Melbourne, is a family and professional stronghold with excellent schools, strong transport links, and Westfield Knox as the retail anchor. Demand is underpinned by high ownership (82% owned or mortgaged) and a median age of 41, reflecting settled residents. House prices sit at $1,195,000 after 11.45% annual growth, while units reached $730,000 (4.73%). Houses sell in a median 24 days on just 164 annual sales, signalling tight supply. Gross yields remain low for houses at 2.97% but firmer for units at 4.53%, with weekly rents of $670 and $600. Green spaces add to liveability, but modest house yields and rate sensitivity pose constraints on further price acceleration.
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PropCred Estimated Value
Comparable Sales: 24 Clarence Road sold June 2024 for $950,000 | Property Price Band: $1.3M–$1.4M | Value Drivers: near-new condition, flexible layout, flat corner block
Bedrooms
4
Bathroom
3
Parking
2
Land
398m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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