7 Meldrum Close, Taylors Lakes VIC 3038
7 Meldrum Close, Taylors Lakes VIC 3038
Large 1,132 m² block | five-bedroom family house | owner-occupied pocket | rare size for the suburb | strong family appeal
The property’s main competitive edge is its land size. At 1,132 m², it sits well above the typical block in Taylors Lakes, where most family homes are on smaller parcels. This extra space gives you room for future extensions, a pool, or simply a generous backyard, which is increasingly hard to find in established suburbs. The five-bedroom, three-bathroom layout also positions it for larger families or those wanting dedicated home-office or guest zones. Being in a small close with full owner-occupier status adds a layer of stability and privacy that many buyers find appealing. This house will suit a family planning to stay long-term and willing to invest in making the property their own.
The price guide of $1.65m–$1.75m reflects the land premium more than the house itself. The building’s age and interior condition are not confirmed, so you may need to budget for updates or renovations. The absence of detail on finishes and aspect means the property’s value could hinge on how well the existing structure is maintained. A buyer should weigh the cost of any modernisation against the long-term benefit of holding a large block in a stable, owner-occupied street. The lack of recent street sales also means pricing is less certain, so your offer strategy should account for that ambiguity.
|| Comparable Sales: 77 Mccubbin Drive sold at $1.445M on 700 m²; 3 Turin Place sold on 780 m² with family-home positioning | Property Price Band: $1.6M–$1.7M | Value Drivers: land size, five-bedroom layout, owner-occupied street character
Detailed Independent Property Report prepared by PropCred Analyst team for 7 Meldrum Close, Taylors Lakes VIC 3038
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
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Market Insight
Taylors Lakes is a well-established, family-dominated suburb in Melbourne’s northwest growth corridor, characterised by high household incomes. Demand is driven by professionals seeking family housing, supported by steady sales volumes and competitive rental conditions for houses. Recent price trends show modest house growth, while the unit market has softened. Future growth is anchored in its established family appeal and location, though key constraints include high entry prices and sensitivity to economic factors affecting its significant mortgaged cohort.
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PropCred Estimated Value
Comparable Sales: 77 Mccubbin Drive sold at $1.445M on 700 m²; 3 Turin Place sold on 780 m² with family-home positioning | Property Price Band: $1.6M–$1.7M | Value Drivers: land size, five-bedroom layout, owner-occupied street character
Bedrooms
5
Bathroom
3
Parking
2
Land
1132m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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