32 Herridge Street, Mickleham VIC 3064
32 Herridge Street, Mickleham VIC 3064
4 bed family house | 350m² newer estate lot | 4/2/2 configuration | growth corridor demand | entry-level price point
This property sits squarely in the newer Mickleham estate stock, where the 4-bedroom, 2-bathroom, 2-car format is the standard family offering. What makes it competitive is the combination of a recent build era, a manageable 350m² lot that keeps maintenance low, and a price point that positions it as one of the more accessible entries into the suburb’s detached housing market. It serves first-home buyers and young families who want a functional, contemporary layout without paying a premium for land they don’t need. The configuration is practical for owner-occupiers, and the same format is also attracting investors given the steady rental demand for this type of house in the area.
What may affect its value most is the uniformity of the surrounding estate. Because much of the nearby housing stock is similar in age, size, and presentation, differentiation comes down to finer details—internal finishes, street position, and how the property presents relative to others on the same street. The 350m² lot is typical but not generous, so buyers should weigh whether the land size meets their long-term needs. The property’s value is likely to track with the broader growth corridor market, which means it may benefit from continued infrastructure and population growth, but it could also face competition from new supply entering the area over time.
|| Comparable Sales: 11 Herridge Street sold at $658,000; 26 Herridge Street listed around $706,000 | Property Price Band: $580,000–$680,000 | Value Drivers: build recency, standard 4/2/2 layout, land size and street position
Detailed Independent Property Report prepared by PropCred Analyst team for 32 Herridge Street, Mickleham VIC 3064
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Mickleham, 29km north of Melbourne, is a high-growth fringe suburb anchored by the Merrifield master-planned community. Demand is driven by families and young professionals seeking affordable housing and emerging infrastructure; population jumped from 3,142 to 17,452 between 2016 and 2021. House prices sit at a $700,000 median, with annual growth of 3.8–4.8%, while units median $615,000–$624,000 and grow near 4%. Houses rent for $550 weekly, yielding about 4.1%. Market conditions are balanced but slower: median days on market runs 58–63, and sales volumes vary widely, signalling potential supply fluctuations. Future growth hinges on the Merrifield mixed-use development and new schools, though modest capital growth and longer selling times remain constraints.
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PropCred Estimated Value
Comparable Sales: 11 Herridge Street sold at $658,000; 26 Herridge Street listed around $706,000 | Property Price Band: $580,000–$680,000 | Value Drivers: build recency, standard 4/2/2 layout, land size and street position
Bedrooms
4
Bathroom
2
Parking
2
Land
319m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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