60 Cloverfield Cres, Wollert VIC 3750
60 Cloverfield Cres, Wollert VIC 3750
Single-storey family layout | 448m² block, 273m² home | High ceilings, solar, dual WIRs | Mainstream Wollert estate stock | Owner-occupier first-home appeal
The house is built on a larger-than-typical block for the suburb, and the internal footprint is substantial relative to its land. High ceilings, solar generation, ducted heating, split-system cooling, dual walk-in robes, and a double vanity ensuite are all included as standard equipment, which lifts it above entry-level stock. As a single-storey 4 bed / 2 bath format, it is matched to the most commonly sought-after configuration in the estate market, which makes it a lower-risk purchase for resale later. The buyer served best is a first-home owner-occupier or a young family upgrading from a smaller house, who is seeking a complete, modern home without renovation or extension requirements.
The value of the property may be influenced by the ratio of building area to land, because a high share of the 448 m² block is occupied by the house, and only a modest garden footprint is left for outdoor use. That could be felt more strongly by families with children or pets. The absence of a recognised premium school catchment in the immediate area might be weighed heavily by buyers who prioritise schooling. Price sensitivity may also be created when the property is compared with larger or more open land parcels in the same estate, as land area is often weighted more heavily than internal size.
>> Comparable Sales: recent single-storey 4/2/2 homes in Wollert’s newer estates on similar lots, transacting in the high-$700K to high-$800K range | Property Price Band: $800K–$900K | Value Drivers: land size, building footprint, standard inclusions and presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 60 Cloverfield Cres, Wollert VIC 3750
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Wollert, in Melbourne’s outer north, is a family-dominated market with owner-occupiers and renters in family households driving demand. Young families and first-home buyers target affordable housing around the $700,000 median house price, while investors are drawn to unit yields of roughly 5%. House prices have grown annually between 3.6% and 6.9%, with units posting stronger growth up to 13.76%. Days on market for houses range from 42 to 82 days, suggesting a balanced market. Demand is supported by population growth, Hume Freeway access, and infrastructure upgrades in the Whittlesea growth corridor. Key constraints include affordability stretched above $700,000, increasing supply from new developments, and sensitivity to interest rate changes.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
447m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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