39 Florentino Street, Wollert VIC 3750
39 Florentino Street, Wollert VIC 3750
Compact 2-bed townhouse | ~120m² land | Recent build | Entry-level price | Wollert growth pocket
A compact townhouse of this kind is rarely found within Wollert’s predominantly detached-house market. The recent construction and efficient two-bedroom layout are combined with modern finishes, while the small land footprint is kept low-maintenance. Positioned in a pocket with parklands and local schools nearby, the property is best suited to first-home buyers and investors who prioritise rental yield and convenience over family-scale space. Its affordability is achieved through a deliberate reduction in land content, which makes it a practical entry point rather than a compromise in quality.
Limited land content and single parking might be seen as constraints in a market favouring larger family homes. Future value may be influenced by the internal configuration, especially the single bathroom, and how that is perceived by different buyer segments. Rental demand is likely supported by local schools and transport, yet that demand might not fully offset slower capital appreciation. These considerations should be balanced when assessing the property’s price potential.
Detailed Independent Property Report prepared by PropCred Analyst team for 39 Florentino Street, Wollert VIC 3750
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Wollert, in Melbourne’s outer north, is a family-dominated market with owner-occupiers and renters in family households driving demand. Young families and first-home buyers target affordable housing around the $700,000 median house price, while investors are drawn to unit yields of roughly 5%. House prices have grown annually between 3.6% and 6.9%, with units posting stronger growth up to 13.76%. Days on market for houses range from 42 to 82 days, suggesting a balanced market. Demand is supported by population growth, Hume Freeway access, and infrastructure upgrades in the Whittlesea growth corridor. Key constraints include affordability stretched above $700,000, increasing supply from new developments, and sensitivity to interest rate changes.
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PropCred Estimated Value
Comparable Sales: 17 Florentino Street, Wollert, sold $450,000 | Property Price Band: $400k–$500k | Value Drivers: land size, compact layout, presentation
Bedrooms
2
Bathroom
1
Parking
1
Land
119m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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