69 Commercial Road, Mount Evelyn VIC 3796
69 Commercial Road, Mount Evelyn VIC 3796
4-bed family house on 1,192m² | elevated hillside with valley views | leafy private setting | bushfire overlay present
The strong appeal of this house lies in its combination of a substantial 1,192 m² block and an elevated position that captures valley views. The leafy, private setting is uncommon within the suburb’s more standard residential pockets, giving the property a semi-rural feel while remaining close to township amenities. With four bedrooms, two bathrooms, and two car spaces, the internal configuration suits a family seeking room to spread out. The estimated 195 m² building area is practical rather than oversized, but the land is the primary draw. This house is best suited to buyers who value space, outlook, and tranquillity over modern finishes or a turn-key presentation.
What may affect value most is the bushfire overlay, which can influence insurance and development options. The house’s age is not documented clearly, so condition and maintenance become important. The open fireplace and outdoor area add character, but updates may be needed. The land itself offers scope for extension, which might justify a premium for the right buyer.
Detailed Independent Property Report prepared by PropCred Analyst team for 69 Commercial Road, Mount Evelyn VIC 3796
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Mount Evelyn VIC 3796 sits as a family-oriented residential market, with couples with children forming 53% of households and a notable 27% aged over 55. Demand is driven by owner-occupier purchasers, who account for 55% of the area, skewed toward technicians, trades, and professional workers. House price data shows a median range of $847,000–$900,000, with annual growth reported between 1.1% and 6.9% depending on source. Liquidity is moderate: annual sales volume ranges from 101 to 147 houses, and median days on market spans 14–39, reflecting variable turnover. Rental yields for houses sit at 3.4%–3.9%, with weekly rents from $560 to $618. The unit market is thin, with a $720,000 median but very low sales volumes. Future growth rests on continued family demand and constrained unit supply, though rate sensitivity and uneven auction clearance—reported between 37.5% and 78.5%—remain key risks.
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PropCred Estimated Value
Comparable Sales: 37 Commercial Road sold $760,130 | Property Price Band: $900K–$1M | Value Drivers: land size, valley outlook, bushfire risk
Bedrooms
4
Bathroom
2
Parking
2
Land
1192m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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