328 Diamond Creek Road, Diamond Creek VIC 3089

328 Diamond Creek Road, Diamond Creek VIC 3089
Permit-approved subdivision | Acreage estate potential | Bushfire overlay present | Developer and family appeal | Rare landholding size A rare offering is presented by this property in Diamond Creek, defined by its 1.14-hectare landholding with an approved subdivision into 11 residential lots and a balance lot. It is best suited for a developer seeking a staged project or a family wanting private acreage with future flexibility. The house is included for immediate use, while the land is considered the primary value given the permit-approved status. Its location within a family-oriented suburb with school access is noted as an additional advantage, adding broad buyer appeal. A bushfire overlay is present, which may be considered a factor by some buyers, potentially affecting financing or insurance decisions. The value is heavily tied to the subdivision approval, so changes in planning policy or market demand for development sites might alter its feasibility. The overall price should be weighed against the cost of subdivision works and holding costs.
Detailed Independent Property Report prepared  by PropCred Analyst team for 328 Diamond Creek Road, Diamond Creek VIC 3089
Checks found:
Value Risk ✓
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk ✕ 2
Execution Risk ✕ 2
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Market Insight

Diamond Creek offers a sought-after semi-rural lifestyle with strong transport links, attracting established families seeking quality schools and space. This demographic underpins consistent demand, reflected in solid annual house sales. Recent price growth has softened in line with broader market adjustments, presenting a stabilised entry point. Future prospects are supported by enduring lifestyle appeal and family-oriented infrastructure, though affordability pressures and sensitivity to interest rates remain key considerations for the premium segment.
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PropCred Estimated Value

Bedrooms

5

Bathroom

3

Parking

-

Land

1.14 ha

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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