2A Henderson Drive, Wandana Heights VIC 3216
2A Henderson Drive, Wandana Heights VIC 3216
4-bed plus study | 657m² elevated land | 180-degree views | premium fit-out | family-focused
This house is positioned at the premium end of Wandana Heights, where most stock is older or more basic. The combination of an elevated 657m² block, broad views, and a high-spec interior is rarely found in this pocket. The layout is suited to families or upsizers, with multiple living zones, a dedicated study, and a lower-level retreat that can be used as a fifth bedroom or gym. This property is considered a strong match for buyers seeking space, privacy, and established school access in Geelong.
Value may be affected by the view orientation, the condition of the pool and outdoor areas, and the flexibility of the lower-level retreat. The slower sales pace across the suburb could mean a more selective buyer is attracted to this property, so presentation and pricing strategy will be important. These factors are worth weighing when forming a view on price.
>> Comparable Sales: 2/8 Henderson Drive (vacant block) sold July 2025 ~$720k–$790k | Property Price Band: $1.2M–$1.3M | Value Drivers: view premium, high-end condition, flexible layout
Detailed Independent Property Report prepared by PropCred Analyst team for 2A Henderson Drive, Wandana Heights VIC 3216
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Wandana Heights, an up-market residential suburb above Geelong, commands wide streets, parks, gardens and city views. Demand is led by affluent professional families; the median age is 41, the largest age band is 10–19 years, and 92% of households are owner-occupiers (45% outright, 47% mortgaged). Houses sit at a $1.1 million median after 16.9–18.3% annual growth, selling in a median 33 days. Turnover is thin-32 to 38 house sales a year-which keeps supply tight and supports prices. Rents are $600–$685 per week for houses, producing a gross yield near 3%, while the unit median is $1.4 million. The owner-occupier base, scarce listings, and limited rental stock point to continued price pressure. Key risks: high entry pricing, compressed yields, and rate sensitivity given the mortgaged share.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
3
Land
657m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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