62 Hyne Street, Lilydale VIC 3140
62 Hyne Street, Lilydale VIC 3140
1,942 sqm cul-de-sac block | separate bungalow with ensuite | stone kitchen, quality appliances | quiet low-traffic setting | flexible family or multi-gen layout
The property is positioned on one of the larger residential parcels in its pocket, set at the end of a whisper-quiet cul-de-sac. Its configuration is considered the standout feature: the main house is supported by a separate bungalow with its own bedroom, ensuite, living area and built-in study. This setup is well suited to multi-generational households, home-office buyers, or those wanting guest or teenager accommodation. The kitchen fit-out is completed with stone benches, induction cooktop and quality appliances, giving a genuinely modern standard, while ducted heating and split-system cooling are provided for seasonal comfort. Outdoor entertaining and generous parking are included as practical features. For families seeking a trade-up from a standard suburban block, or buyers wanting a semi-rural feel close to township amenity, this property is seen as combining land size, flexibility and contemporary condition.
The large land size may be most appealing to buyers who intend to use the outdoor space actively. The bungalow’s flexibility might be valued more highly by some buyers than others, and its contribution to price depends on how separate accommodation is rated. Presentation and the quality of the kitchen finish could be decisive in a market where modern homes attract the strongest competition. The cul-de-sac location and peaceful setting might also be seen as narrowing the buyer pool to those prioritising quiet over convenience, which could affect how quickly offers are made.
Detailed Independent Property Report prepared by PropCred Analyst team for 62 Hyne Street, Lilydale VIC 3140
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Lilydale, a 29.2 sq km suburb in the Yarra Ranges with 23 parks, is anchored by a mature demographic: the 50-59 cohort dominates, households are mostly couples with children in professional roles, and 77.6% owner-occupancy signals stability. Demand centres on established family housing, reflected in a median house price around $925,000 with 5.96% annual growth and units at $643,000 growing 3.71%. Houses trade in 19-22 days, though one source extends to 51 days, and rental yields sit at 3.72% for houses and 4.62% for units. Five-year gains of 29.91% (houses) and 18.93% (units), plus 9.1-9.7% annual rent growth, underpin momentum. Constraints: dominant mortgage repayments of $1,800-$2,399 monthly heighten rate sensitivity, and residential sales dipped to 325 in 2024 from 346 in 2023.
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PropCred Estimated Value
Comparable Sales: 55 Hyne Street, $2.3M (Mar 2025) | Property Price Band: $1.4M to $1.5M | Value Drivers: land size, bungalow flexibility, cul-de-sac location
Bedrooms
3
Bathroom
2
Parking
2
Land
2022m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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