3 Civic Drive, Greensborough VIC 3088
3 Civic Drive, Greensborough VIC 3088
Detached family house | 645m² land | 3-car capacity | multi-generational layout | school-side pocket
What makes this property genuinely competitive is the combination of a full-sized landholding with a rare three-car configuration, which puts it ahead of most standard family houses in the area. The four-bedroom, three-bathroom layout with a separate study gives it real flexibility, and the listing’s emphasis on multi-generational living suggests the internal zoning has been thought through for that purpose. Positioned within easy reach of Apollo Parkways Primary School and the broader Greensborough amenity, this house serves buyers who want established suburban space without compromising on practicality. The updated condition adds immediate appeal, meaning a buyer could move in without significant immediate work, which is a meaningful advantage in this price range.
The value picture may be shaped by how the market currently treats larger family houses in this pocket, given softer recent movement in the suburb. The land size and parking capacity might justify a premium over typical family stock, but the absence of a confirmed construction year or detailed renovation scope could give some buyers pause when comparing against newer or fully documented alternatives. The three-car garage and study are features that may appeal strongly to specific households, yet they might not translate into universal demand, so the eventual price could depend on finding the right buyer who values those extras. Condition and presentation will likely carry significant weight in how the property is ultimately judged.
|| Comparable Sales: 3 Tracey Place sold $1,035,000 | Property Price Band: $1.1M–$1.2M | Value Drivers: land size, three-car parking, updated condition, school proximity
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Civic Drive, Greensborough VIC 3088
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Greensborough, in Melbourne’s north-east, offers road connectivity via Diamond Creek Rd and an active market with 55 listings last month. Demand is driven by broad buyer interest across owner-occupier and investor segments; houses and units both sell in a median 25 days, with 243 house and 88 unit sales over the past year. Rental demand is firm, particularly for units, which saw rents rise 4.3%. House medians range from $986,900 to $1,100,711, with annual growth between -2% and 3%; unit medians span $665,000 to $760,750, with growth from -3.3% to 3.17%. Recent performance is mixed, with house values up 0.5% but unit values flat on one measure. Future growth rests on continued quick turnover and rental demand, but risks include unit auction clearance at 41.7% (down 37.5%) and rate sensitivity.
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PropCred Estimated Value
Comparable Sales: 3 Tracey Place sold $1,035,000 | Property Price Band: $1.1M–$1.2M | Value Drivers: land size, three-car parking, updated condition, school proximity
Bedrooms
4
Bathroom
4
Parking
3
Land
645m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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