47 Ellesmere Boulevard, Wollert VIC 3750
47 Ellesmere Boulevard, Wollert VIC 3750
4 bed 3 bath config | 336m² lot | family-oriented growth corridor | single-level appeal | school catchment position
This property holds a genuine edge in Wollert’s new-estate market through its three-bathroom layout, which is less common than the typical four-bed, two-bath configuration found across surrounding developments. For a growing family, that extra bathroom removes a real point of daily friction, particularly in the morning rush or when hosting guests. The 336m² block sits within the most sought-after land band for the suburb, offering enough outdoor space for young children without the maintenance burden of a larger yard. It is best suited to first-home buyers stepping up from attached housing or young families prioritising school zones and fresh construction over established inner-suburb character.
The value picture here is shaped by the balance between strong local demand and steady new supply. The property may benefit from its position within a growth corridor where infrastructure and school catchments are already in place, which tends to support price stability. However, the standardised nature of neighbouring stock might limit rapid capital growth compared to areas with scarcity constraints. Buyers should weigh the convenience of a move-in-ready family house against the possibility that similar options remain available nearby, which could moderate negotiation power. The three-bathroom advantage and lot size are the factors most likely to justify a premium over comparable listings.
|| Comparable Sales: 49 Ellesmere Boulevard, 4 bed 2 bath 2 car, 282m², sold around $713,000 | Property Price Band: $670,000–$730,000 | Value Drivers: bathroom count, land size within preferred band, school catchment proximity
Detailed Independent Property Report prepared by PropCred Analyst team for 47 Ellesmere Boulevard, Wollert VIC 3750
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
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: 49 Ellesmere Boulevard, 4 bed 2 bath 2 car, 282m², sold around $713,000 | Property Price Band: $670,000–$730,000 | Value Drivers: bathroom count, land size within preferred band, school catchment proximity
Bedrooms
4
Bathroom
3
Parking
2
Land
336m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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