42 Waterlily Drive, Epping VIC 3076
42 Waterlily Drive, Epping VIC 3076
6 bedrooms, 4 bathrooms, 2 car spaces on a 325m² lot. Dual living zones, two kitchens, ducted cooling, balcony, and solar panels. This is a detached, dual-level house in the Epping Views estate.
The configuration of this property is its strongest signal. Six bedrooms and two kitchens are genuinely rare in a compact footprint, making it functionally suited to extended families or those seeking multigenerational living. Its placement within the Epping Views estate positions it as a modern, higher-specification home in a quiet, family-oriented corridor. The buyer best served is one who prioritises internal space and contemporary finishes over a large backyard, as the lot size is notably smaller than typical suburban stock. This property is competitively strong for its bedroom count and dual-kitchen layout, which are uncommon features that command attention in this market segment.
The smaller land size may materially affect long-term value, as it limits future extension potential and reduces outdoor amenity compared to peers. The bushfire overlay is a factor that might influence insurance costs and lending criteria, and it should be weighed carefully. School catchment data contains inconsistencies, so direct verification is recommended before forming a view on price. The property’s compact design and premium internal features create a specific trade-off that buyers should assess against their own priorities for space and land.
Detailed Independent Property Report prepared by PropCred Analyst team for 42 Waterlily Drive, Epping VIC 3076
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Epping is a family-oriented suburb within Melbourne’s northern growth corridor, characterised by a high proportion of mortgaged homeowners. Demand is driven by families and investors, supported by robust sales activity, major infrastructure investment like the Northern Hospital expansion, and its evolving role as an employment hub. The market demonstrates solid price growth and healthy rental demand, though its mortgage-heavy ownership base indicates sensitivity to interest rate changes, presenting a key affordability constraint amidst active development.
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PropCred Estimated Value
Bedrooms
6
Bathroom
4
Parking
2
Land
325m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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