34 Warncliffe Road, Ivanhoe East VIC 3079
34 Warncliffe Road, Ivanhoe East VIC 3079
Period four-bedroom family house | multiple living zones and studio | east-facing established garden | premier Ivanhoe East location | tightly held offering
The property is considered competitively strong due to its combination of a large 739 m² allotment, a flexible two-room studio, and multiple living areas that allow for separate family zones and potential home-based work or hobbies. It is positioned within an established, leafy suburb where period homes on generous blocks are increasingly rare, and the east-facing garden with undercover deck provides genuine outdoor entertaining appeal. This house serves best a family owner-occupier looking for space, character, and proximity to village amenities, reputable schools, and parkland. Its single-storey layout and period profile offer manageable upkeep compared to larger prestige estates, while the first-time offering in decades creates a scarcity signal that is unlikely to repeat quickly.
The property’s value may be influenced by its condition, as no detailed finish schedule or renovation timeline has been disclosed, and original fittings might require a future modernisation budget. The studio’s versatility is an opportunity, but any separate occupancy use depends on council permissions. Market behaviour in this suburb suggests steady rather than rapid price movement, so capital growth is likely to be moderate. The chance to improve, expand, or redefine the layout is a key aspect that might allow a buyer to add value progressively, depending on their appetite for renovation.
Detailed Independent Property Report prepared by PropCred Analyst team for 34 Warncliffe Road, Ivanhoe East VIC 3079
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
1
URL has been copied successfully!
Market Insight
Ivanhoe East, 10km northeast of the CBD, remains a quiet, affluent pocket defined by period homes, tree-lined streets, and strong owner-occupier demand, chiefly from professionals aged 50–59. House prices sit around $2.34–$2.43 million, with annual growth ranging from –2.9% to +7.1% across sources, signalling a stalled, transaction-thin market of roughly 43–46 sales per year and median selling times of 56–70 days. Units tell a weaker story: median prices between $737,000 and $880,000, with annual declines of 20–27%, and gross rental yields at 3.3%. Demand drivers remain the high-quality school catchments, village charm, and large 4–5 bedroom blocks, buttressed by high household incomes. However, affordability constraints are binding, as evidenced by falling unit values, low auction clearances, and community resistance to mixed-use redevelopment—all capping near-term upside.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 1/341 The Boulevard sold for $1.45M, 36-38 Warncliffe Road sold for $2.1M | Property Price Band: $2.0M–$2.1M | Value Drivers: land size, period character, studio flexibility
Bedrooms
5
Bathroom
2
Parking
2
Land
739m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!