42 Waterlily Drive, Epping VIC 3076

42 Waterlily Drive, Epping VIC 3076
6 bedrooms on 325sqm | 4 bathrooms in Epping | modern build in newer estate | high accommodation density This property offers an unusual configuration for the market: six bedrooms and four bathrooms on a compact 325-square-metre block in a newer Epping estate. For a buyer seeking maximum accommodation on modest land, this represents a rare efficiency. The floorplan is clearly optimised for multi-generational living or high-yield rental use, where bedroom count drives return more than land size. The property serves best an investor targeting strong rental income per square metre, or an owner-occupier needing space for a large family without paying for excess land. The two car spaces are adequate for the bedroom count, though not generous. The primary risk is the disconnect between the automated valuation and the asking range, which may reflect aspirational pricing relative to recent sales in the area. A buyer should verify comparable sales for similar high-density houses in this pocket, as the land-to-building ratio is unusual and may limit capital growth compared to larger blocks. However, if the price aligns with evidence, the property offers a clear opportunity: high occupant capacity on a small footprint means lower maintenance and strong rental demand from families or sharers. Hold this property for cash flow, not land appreciation.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 42 Waterlily Drive, Epping VIC 3076
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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

325mยฒ

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