40 Greenhills Drive, Kurunjang VIC 3337

40 Greenhills Drive, Kurunjang VIC 3337
1989-built house | 653 sqm land | side access for caravan | central Kurunjang | investor or first-home buyer This three-bedroom house presents a straightforward opportunity in a central location. Its well-maintained condition and the approximately four metres of side access on a 653-square metre block are practical advantages, offering utility for storage or future extension. The configuration and land size position it strongly for first home buyers seeking entry with space, or for investors attracted to its described development potential. The broad buyer profile indicated suggests reliable baseline demand. Proceed with the understanding that the valuation relies on limited comparable sales data, a material risk in accurately pricing the property. The minor discrepancies in recorded land size and parking highlight the necessity of verifying council records. The opportunity lies in securing a functional house on a useful parcel in a convenient location; the commercial logic is capitalising on its future potential through renovation or subdivision, subject to due diligence. Consider this a hold for medium-term capital growth, leveraging its land component. Our report would pressure-test the listed price against true market valuation, detail locality-specific risks, and identify requisite checks for development feasibility. No comparable sales data was provided in the available information, which limits precise benchmarking of the listed price range.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Kurunjang is a family-oriented suburb on Melbourne’s western fringe, where demand is driven by young, working families seeking affordable housing. This has fueled strong recent price growth and a consistently high sales volume, reflecting a robust and active market. Future growth is underpinned by sustained population increases, though the market shows some sensitivity, with variable selling times and a very limited unit supply presenting a key constraint for diverse housing options.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

4

Land

653mΒ²

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