49 Blackman Avenue, Mill Park VIC 3082

49 Blackman Avenue, Mill Park VIC 3082
3 bed / 2 bath on 616sqm | 5 car parking | Mill Park Secondary College catchment | 77% clearance in area This property presents a rare configuration for Mill Park โ€” a 3-bedroom house on a full 616mยฒ lot with 5 dedicated car spaces, which is unusual for the area and positions it well for families requiring both internal amenity and secure parking for multiple vehicles or a workshop. The listing sits within the Mill Park Secondary College catchment, a known demand driver for family buyers, and the local market shows strong clearance rates and short days on offer, suggesting competitive conditions. For a buyer seeking a hold-and-improve opportunity, the land-to-building ratio offers scope for future extension or subdivision potential, subject to council confirmation. The conflicting bedroom count across listings introduces a verification risk โ€” a buyer must confirm the actual layout at inspection, as a 3-bedroom house in a 4-bedroom market may limit resale appeal to certain buyer segments. The last sale in 2008 means no recent renovation data is available, so capital expenditure on updates should be budgeted. The asking range sits above the suburb median for 4-bedroom houses, which may require patience in negotiation. A buyer should inspect thoroughly, confirm the floor plan, and treat this as a long-term land-hold with optionality for future value-add rather than a turnkey family home.

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

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Market Insight:

Mill Park is a well-established northern suburb offering strong connectivity via major freeways and rail, appealing to family buyers and commuters. Demand is driven by families and young professionals seeking proximity to employment hubs, supported by consistent rental demand from investors. The market exhibits robust price growth across both houses and units, with a steady sales volume indicating sustained activity. Future growth is underpinned by infrastructure links and school catchments, though affordability pressures and interest rate sensitivity present key constraints to entry-level buyers.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

-

Land

616mยฒ

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