62 Farview Street, Glenroy VIC 3046
62 Farview Street, Glenroy VIC 3046
3-bed 2-bath 2-car on 335m² | Rare family format on Farview | Walkable to schools and shops | Compact land, solid layout | Upper-middle Glenroy market
A genuine configuration edge is provided by the three-bedroom, two-bathroom, two-car layout, which is seen as uncommon among local detached stock where single-bathroom older homes are more typical. With the compact 335 square metres, less external upkeep is required, while separate living spaces and two parking bays are still offered, making it a practical fit for a family, a couple with visitors, or an investor renting to a small household. The property is located in a convenient pocket with schools, reserves, shops and station access within a short walk, positioning it as a strong owner-occupier choice in a market where well-presented family homes are consistently sought. The best fit is found among buyers who want a move-in-ready, lower-maintenance house rather than a renovation project or a large landholding.
The modest land size may be seen as a price cap relative to larger blocks, while an affordable family option is still offered in a suburb where a premium for land content is carried by many detached homes. Internal condition and finish level are not fully visible from the listing, so presentation might be a determining factor in competitive bidding. The mixed nature of the street, which includes both older houses and newer infill, may be a source of variation in perceived desirability. The efficiency of the layout should be weighed against the lack of outdoor space for expansion or redevelopment, and the intended holding period should also be considered.
Detailed Independent Property Report prepared by PropCred Analyst team for 62 Farview Street, Glenroy VIC 3046
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
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Market Insight
Glenroy, 13 km north of Melbourne’s CBD, offers strong transport links via Glenroy Station and freeway access to the city and airport. Demand is driven by families and investors, attracted to a mix of post-war homes and new developments with schools, shopping and parks nearby. House prices reflect solid momentum: median $850,000, with annual growth between 2.8% and 4.8%; REIV puts the median at $920,000 with a 5.1% quarterly gain. Units sit at $625,000, up 6.8% annually. Houses transact in 27–39 days, indicating competitive conditions. Rental yields are modest for houses (3.6%) but firmer for units (4.7%). Future growth relies on transport connectivity; supply-side constraints remain unquantified.
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PropCred Estimated Value
Comparable Sales: 71 Farview Street sold $895k; 40 Farview Street sold $900k | Property Price Band: $900k-$1M | Value Drivers: condition, two-bath layout, walkability
Bedrooms
3
Bathroom
1
Parking
1
Land
335m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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