5 Waterhaven Way, Lyndhurst VIC 3975
5 Waterhaven Way, Lyndhurst VIC 3975
4-bed study, 3 living zones | Wetlands outlook in cul-de-sac bowl | Large brick family house | Quiet estate setting | Strong family demand
The property is positioned across from Marriott Wetlands at the bowl of a cul-de-sac, which gives it a rare combination of open outlook and low-traffic privacy. The configuration is deliberately family-oriented: four bedrooms plus a study, three separate living zones, and a double garage. The interior has been refreshed with new timber flooring in living areas, new carpets, fresh paint, and modern fixtures. The solid brick construction and high ceilings add a sense of permanence. On a large allotment with landscaped front and rear gardens and an expansive alfresco area, this house suits owner-occupier families wanting space, modern presentation, and an estate lifestyle. It sits in a mature, family-heavy pocket of Lyndhurst where such larger homes are sought after.
The exact land size is not stated, so the effective site coverage and usable outdoor space might differ from expectations. School zoning for the address is not confirmed, and the catchments that apply may be different from surrounding streets. Buyers should weigh the value of a freshly updated interior and the wetland position against the likelihood that the property carries a premium relative to less-featured homes in the suburb. The absence of a build year means the age of the core structure could be a negotiation consideration. Nearby infill development may add supply over time, though the cul-de-sac location mitigates through-traffic concerns.
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Waterhaven Way, Lyndhurst VIC 3975
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Lyndhurst, in Casey South East Melbourne, draws young families and professionals aged 30-39; family households predominate and owner-occupiers run near 80%. Population grew 32.7% from 2016, underpinning demand. House prices sit at $983,000, up 10.6% annually; units at $552,750 with slower quarterly growth. Houses lease in 34 days at $650 weekly, with a 3.79% yield; units yield 4.43%. Annual house sales of ~100 and auction clearances of 42-50% suggest steady but cautious demand. Future growth relies on infrastructure links and large-lot sales, while affordability pressures, rising days on market (34-38), and softer sales volumes are key constraints.
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PropCred Estimated Value
Comparable Sales: Similar family houses in the estate have recently sold in the $1.1M range | Property Price Band: $1.0M–$1.2M | Value Drivers: land size, wetlands outlook, cul-de-sac position
Bedrooms
4
Bathroom
2
Parking
-
Land
920m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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