6 Celendine Place, Hillside VIC 3037
6 Celendine Place, Hillside VIC 3037
3 bed family layout | quiet court position | modest energy rating | mainstream Hillside stock | first-home and investor appeal
This property sits comfortably within Hillside’s core family market, offering a conventional three-bedroom, two-bathroom configuration with double parking. That layout is the most sought-after entry point in the suburb, appealing strongly to first-home buyers and investors who prioritise function over flair. The court location adds a layer of privacy and low-traffic appeal, which tends to hold value well in this area. While the energy rating is unremarkable, it does not detract from the property’s fundamental suitability for its likely buyer. It is best positioned as a solid, dependable family home rather than a standout or premium offering.
The value picture here may be shaped by the property’s age and condition, both of which are not yet fully verified. A well-maintained interior and up-to-date kitchen or bathroom could support a stronger price outcome, while dated finishes might limit upside. The land size and frontage will also play a meaningful role, as larger parcels in Hillside typically command a noticeable premium. Buyers should weigh the potential for future renovation or extension against the current presentation. Market conditions in the suburb remain steady, but the final price will likely hinge on how the property compares to similar court-based homes in the immediate area.
|| Comparable Sales: 6 Tintern Loop sold $535,000; 6 Queensberry Court sold at a higher bracket | Property Price Band: $500,000–$600,000 | Value Drivers: land size, condition, court location
Detailed Independent Property Report prepared by PropCred Analyst team for 6 Celendine Place, Hillside VIC 3037
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Hillside, in Melbourne’s outer west, is a family-dominated market: median age 38, household size 2.7, and owners outnumbering renters. Demand centres on affordable multi-bedroom houses, with 191–206 sales yearly and a median house price of $822,500. House growth runs 4.25–4.8%, while units are tighter: median $592,000 with 6.4–7.64% growth, reflecting low unit supply. Houses sell in about 24–25 days, indicating balanced-to-tight conditions. Rental yields are modest – houses 3.28%, units 4.14% – supported by median rents of $530 and $470 weekly. Infrastructure links to the CBD and local schools sustain family demand. Key constraints: affordability is stretched as prices approach $850,000 for larger homes, and rate sensitivity shows in 24–25 day selling times. Future growth relies on steady sales volume and rental demand, but low unit turnover and price-sensitive buyers could temper momentum.
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PropCred Estimated Value
Comparable Sales: 6 Tintern Loop sold $535,000; 6 Queensberry Court sold at a higher bracket | Property Price Band: $500,000–$600,000 | Value Drivers: land size, condition, court location
Bedrooms
3
Bathroom
2
Parking
-
Land
221m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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