31 Renaissance Boulevard, Mernda VIC 3754
31 Renaissance Boulevard, Mernda VIC 3754
4 bed 2 bath 2 car house | mid 2010s estate build | ~460 square metre lot | near Mernda Central P-12 | strong family rental demand
The house is configured as a four bedroom, two bathroom, two car family home on a mid sized lot of roughly 460 square metres, placing it squarely in Mernda’s mainstream family housing market. Its strongest competitive feature is the combination of modern 2010s construction, low maintenance outdoor space, and immediate proximity to Mernda Central P 12 College, which makes it a practical choice for young families and investors seeking consistent rental demand. The property is not rare in format, but its presentation and street position within the established estate will determine how it compares with similar offerings. It is best suited to owner occupiers wanting a straightforward, functional family house with good school access.
Value may be shaped by the condition of internal finishes and the presence of upgrades such as stone benchtops, ducted heating, and refrigerated cooling. The precise land size, ranging from the mid 400s to around 500 square metres, also influences price, as does yard orientation. Weekly rental returns of roughly six hundred to seven hundred dollars may be weighed by investors.
>> Comparable Sales: 23 Renaissance Boulevard sold for $827,000 | Property Price Band: $750,000-850,000 | Value Drivers: land size, presentation, layout
Detailed Independent Property Report prepared by PropCred Analyst team for 31 Renaissance Boulevard, Mernda VIC 3754
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Mernda, 30 km north-east of the CBD, is a fast-growing, family-oriented market with modern homes, parks, schools and shopping centres driving steady demand. House prices sit near $735,000 with annual growth around 5 per cent, supported by 420 sales and a median 25 days on market. Units are softer, with median prices near $405,000 and a sharp annual decline of 14.7 per cent, though gross rental yields of 3.9 per cent for houses and 5.1 per cent for units indicate reasonable investor returns; weekly rents are $550 and $490 respectively. The dominant buyer base is families, consistent with the suburb’s high proportion of mortgaged owners. Future growth appears tied to continued suburban expansion and existing amenities, but infrastructure and transport data are limited, and unit price volatility, alongside the lack of vacancy data, presents an uncertainty.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
400m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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