51 Kalimna Drive, Mooroopna VIC 3629
51 Kalimna Drive, Mooroopna VIC 3629
3 bed, 2 bath, 3 car configuration | Above-median rent at $560/week | Established family estate near Craigmuir Lake | Strong yield potential for investors | Detached house on likely sizeable block
This property stands out for its rare 3-car accommodation, a feature that immediately appeals to families with multiple vehicles, tradies, or those needing workshop space. In a suburb where most comparable houses offer only 1–2 car spaces, this is a genuine competitive edge. The asking rent of $560/week sits meaningfully above the local median, which signals the house is likely in better condition or offers more usable space than typical stock. That rental strength also points to solid demand from both owner-occupiers and investors, making this a versatile purchase. The established estate setting, close to Craigmuir Lake and local amenities, reinforces a stable, family-oriented neighbourhood character that tends to hold value well over time.
The value of this house may be influenced by the actual land size, which could vary significantly based on nearby lots ranging from roughly 550 to 970 square metres. A larger block would support future extensions or shedding, while a smaller one might cap upside. The condition of the interior finishes and any recent upgrades—kitchen, bathroom, flooring—may also shape how it compares to similar options. The 3-car garage is a strong differentiator, but its practical layout and access could matter. Buyers should weigh whether the property’s current presentation justifies the premium rent, and whether any deferred maintenance might offset the apparent strength.
Detailed Independent Property Report prepared by PropCred Analyst team for 51 Kalimna Drive, Mooroopna VIC 3629
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Mooroopna, near Shepparton, is priced below the VIC regional median, with house median $447,000 and unit median $345,000. Families drive demand, reflected in typical 3-4 bedroom sales. Annual house sales of 188-198 and growth of 12.81% (up to 18.12%) indicate robust conditions, though days on market range from 43 to 72.5. Gross yields of 5.5-6% for houses and 6% for units are solid. Future growth is supported by strong turnover and below-median pricing; however, unit sales are thin at 29 annually, and a Boomscore of 47 signals a healthy, not overheated, market. Affordability remains a buffer, but rate sensitivity and variable selling times are constraints.
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PropCred Estimated Value
Comparable Sales: 6/1 Kalimna Drive sold $300,000; 5 Kalimna Drive sold $277,000 | Property Price Band: $300,000–$400,000 | Value Drivers: 3-car capacity, land size, internal condition
Bedrooms
3
Bathroom
2
Parking
2
Land
723m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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