3 Cedarwood Cres, Berwick VIC 3806
3 Cedarwood Cres, Berwick VIC 3806
Large 665m² family house | 4-5 bed, 3 bath | school-zone location | estate living | strong family demand
The property is positioned as a substantial modern family house on a notably larger than typical estate block. Its multi-bathroom configuration and flexible bedroom count are suited to growing families seeking single-level convenience. The location is reinforced by proximity to reputable schools and local shopping within a landscaped estate setting. This house is best suited to owner-occupiers prioritising school access and entertaining space, while retaining appeal for long-term family rental.
Value may be influenced by the condition of kitchens and bathrooms relative to recently upgraded estate stock. Scope for future improvements is provided by the land size, but the final price might be determined by presentation and the precise school catchment boundary. The trade-off between established estate amenity and newer fringe developments should be weighed by buyers.
>> Comparable Sales: 37 Cedarwood Crescent sold for $1.23M | Property Price Band: $1.2M-$1.3M | Value Drivers: land size, bathroom count, school catchment
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Cedarwood Cres, Berwick VIC 3806
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
1
URL has been copied successfully!
Market Insight
Berwick VIC 3806 is a family-oriented, predominantly owner-occupied suburb in Melbourne’s south-east, with strong school catchment appeal and a 54.3% family share. Buyers are typically higher-income households; demand is supported by steady annual sales volumes near 850–990 houses and rental yields of 3.5–3.9% for houses. The median house price sits between $805k and $960k, depending on source, with recent annual growth of 3.2–6.1%; houses sell in roughly 21–30 days. Units show similar tightness, with growth of 4.1–6.5%. Future drivers include ongoing Casey region infrastructure and accessibility to major roads and rail to the CBD. Key constraints: affordability pressure at the higher price range, softening sales volumes (down 5.9% for houses and 25.5% for units), and auction clearance rates of 48.9–56.7%, indicating rate sensitivity.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
4
Bathroom
3
Parking
2
Land
665m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!