48 Elation Boulevard, Doreen VIC 3754
48 Elation Boulevard, Doreen VIC 3754
3-4 bed detached house | ~350m² lot | Modern estate build | School catchment | Family-focused suburb
This property is considered a typical family house within a modern master-planned estate. Its likely configuration of three to four bedrooms, two bathrooms, and two car spaces is viewed as standard for the street, yet the compact lot and contemporary finishes are seen as practical for first-home buyers or young families. The location within catchment of Ashley Park Primary School and Hazel Glen College is regarded as a key advantage, given the area’s family-oriented character. This property is best suited to owner-occupiers seeking a low-maintenance, suburban lifestyle rather than prestige buyers.
Value may be shaped by the precise land size and build year, which are not yet confirmed. A narrower than typical lot might limit price growth, while superior presentation could support a slight premium. Proximity to parks and retail, along with steady rental demand, might also play a role in the final price.
Detailed Independent Property Report prepared by PropCred Analyst team for 48 Elation Boulevard, Doreen VIC 3754
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Doreen, 29km northeast of Melbourne, blends semi-rural acreage with suburban growth. Demand is led by families and individuals, supported by a buyer-heavy profile where 75% of owners hold mortgages. Houses sell quickly, with a median of 19 days on market and annual sales volume near 491. Median house prices span $746,000 to $844,000, with annual growth of 5.3–6.3% across sources. Units show sharper divergence: YIP records 19% annual growth to $600,000, while REIV and Jellis Craig report quarterly declines of 2.7% and 2.8%, reflecting an inactive unit segment. Rental yields are modest for houses (3.6–3.7%) and firmer for units (4.5–4.7%), with median house rents around $560–$570. Robust turnover and quick selling times underpin growth, but risks include rate sensitivity from high mortgage debt, affordability pressure at current price points, and limited unit supply constraining that market.
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PropCred Estimated Value
Comparable Sales: 13 Port Road, Doreen at $800,000 | Property Price Band: $700K to $800K | Value Drivers: modern condition, lot size, school catchment
Bedrooms
4
Bathroom
2
Parking
2
Land
376m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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