61 Syrah Parade, Wollert VIC 3750
61 Syrah Parade, Wollert VIC 3750
This is a 5-bedroom, 4-bathroom single-storey detached house with a 2-car garage, offering 244 square metres of internal living on a 373 square metre lot. It features an open-plan layout, stone benchtops, walk-in pantry, ducted refrigerated heating and cooling, and built-in robes. The property is finished to a high standard and is part of a modern estate.
The property is competitively strong due to its rare configuration of five bedrooms and four bathrooms on a single level, which is unusual for the suburb and provides significant flexibility for a large family or those needing dedicated spaces. It is positioned in a family-friendly estate with immediate access to the Hume Freeway, making it ideal for commuters. The high-quality finishes and low-maintenance design serve the family buyer seeking modern convenience and proximity to reputable schools. This property stands out for its density of rooms relative to its footprint, offering substantial internal space without the upkeep of a larger land area.
The value of this property may be influenced by its smaller lot size, which could limit appeal for buyers seeking generous outdoor space. The 45% auction clearance rate in the area might indicate some market volatility, which could affect buyer competition. The property’s high internal density is efficient but may be a consideration for families wanting a larger backyard. Buyers should weigh the trade-off between the substantial internal floor plan and the compact land component when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 61 Syrah Parade, Wollert VIC 3750
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Wollert is a high-growth family suburb in Melbourne’s outer north, positioned as an affordable entry point with strong transport links. Demand is driven by young families and first home buyers seeking larger homes, supported by steady rental yields attracting investors. Recent price growth reflects this sustained demand, with a balanced sales market. Future growth is underpinned by ongoing infrastructure development and population influx, though increasing supply and sensitivity to interest rates present moderating influences on price appreciation.
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PropCred Estimated Value
Bedrooms
5
Bathroom
4
Parking
2
Land
400m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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