70 Cinnamon Drive, Lake Gardens VIC 3355
70 Cinnamon Drive, Lake Gardens VIC 3355
Modern 4-bed family layout | Lake Wendouree proximity | Compact estate lot | Established family demand | Low-maintenance build
Modern detached family housing is presented in a well-established residential pocket of Lake Gardens. The configuration of four bedrooms, two to three bathrooms and a double garage is consistently sought after in this suburb, and this property is fitted to that profile directly. The house is situated on a compact lot typical of the newer estate format, with low-maintenance yards and contemporary finishes including open-plan living, second living areas and covered alfresco spaces. Being ground-level, it would be suited to families, upgraders and downsizers alike. Proximity to Lake Wendouree and Wendouree Train Station is considered a strong everyday convenience and recreation advantage.
Value may be influenced by lot size and position within the street, as some lots are run smaller than others. Build quality and fit-out level may also be weighted heavily, with some houses in the area being fitted with more premium finishes than others. Buyers might weigh the modest rental yield and softer recent growth signals when a view on price is formed, while the stable family demand and transport access are recognised as durable positives.
Detailed Independent Property Report prepared by PropCred Analyst team for 70 Cinnamon Drive, Lake Gardens VIC 3355
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Lake Gardens, in Ballarat, is an established, stable pocket. Demand is driven by long-term owners—54% own outright, median age 51—not investors. Only 35 houses sold in the past year, but they clear in 16–23 days, showing real buyer interest despite price falls. House prices are down 1.3–6.8% across measures, with a median of $701,000. Units differ: median $592,919, up 11% annually. House rents are $470–$480 weekly, with gross yields near 3.2–3.4%. The ownership mix supports stability, but constraints remain: thin sales volume and limited supply could restrain growth, and 30% of households with mortgages face rate risk around 5.39–5.59%. No major transport upgrades or school catchment data are evident, so future growth depends on broader Ballarat demand and house-to-unit price dynamics.
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PropCred Estimated Value
Comparable Sales: 14 Cinnamon Drive sold for $709,868 | Property Price Band: $700K–$800K | Value Drivers: land size, build quality, presentation
Bedrooms
4
Bathroom
2
Parking
2
Land
375m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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