5 Produce Road, Wantirna South VIC 3152
5 Produce Road, Wantirna South VIC 3152
Compact 2010s house | 252m² lot | high site coverage | starter-family demand | school-zoned pocket
A compact contemporary house on a 252 square metre lot, this property is built for low-maintenance living. Its 128 square metre form is likely to be of a 2010s standard. The house is positioned toward the premium entry-level family segment, not the prestige market. It is well suited to first or second-home buyers and downsizers seeking a detached home without a large garden. The competitive edge is the combination of house ownership, modern build quality, and a school-zoned suburban location. Buyers chasing land banking are not the target. This is a practical, modest family house.
Price growth may be softened by the small lot and high site coverage, as these limit appeal to buyers wanting outdoor space. Orientation and natural light may also be significant; a north-facing aspect could add a premium. The modern build quality and low-maintenance footprint are likely to support family demand. Ultimately, the property may be valued on liveability and presentation rather than land size.
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Produce Road, Wantirna South VIC 3152
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Wantirna South, 26km east of Melbourne, is a family and professional market centred on Regency Park Estate, where 3-5 bedroom homes on ~700sqm in quiet cul-de-sacs drive demand. House medians range $1.27m-$1.3m, with 2.4%-4.3% annual growth. Units are weaker: median $557,500-$648,000, growth ranging from -10% to +1.3%. Listings sell in 24-25 days; auctions clear at 79.7% vs 77.8% metro, with only 15 properties for sale and 231 house sales annually. Future growth rests on Westfield Knox upgrades, Knox Private Hospital, Wantirna College’s new facilities, and Knox infrastructure works. Key constraints are unit oversupply, affordability pressure, and interest-rate sensitivity.
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PropCred Estimated Value
Comparable Sales: 13 Produce Road circa $0.94M; 23 Somerset Street circa $1.36M | Listed Price Band: $900K-$1M | Value Indicator: modern build quality, efficient layout, school zone demand
Bedrooms
3
Bathroom
2
Parking
2
Land
268m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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