79/40 Chetwynd Grove, Wollert VIC 3750
79/40 Chetwynd Grove, Wollert VIC 3750
3 bed villa | 118 sqm | over 55s only | double garage | village pool and gym
This is a generously proportioned retirement villa in a brand new master-planned village, offering three bedrooms and two bathrooms across 118 square metres of internal living space. That configuration is rare for the downsizer market, where two bedroom units dominate, and it makes the property suitable for buyers who want a study, guest room, or space for visiting grandchildren. The double lock-up garage and separate laundry add practical appeal, while the village amenities including a pool, gym, cinema, bowling green, and community centre create a lifestyle product that stands apart from standard suburban housing in Wollert. The buyer profile is tightly defined as over 55 owner-occupiers seeking low-maintenance independent living with support features, and the property sits at the higher end of the village’s advertised range, which suggests it targets a more discerning segment of that market.
The age restriction to over 55s limits the buyer pool, which may affect how long the property takes to sell compared to unrestricted housing, and the lack of settled sales evidence within the village makes it harder to benchmark price against actual transactions. The 118 square metre floorplan is moderate for a villa, so buyers should confirm whether the layout uses space efficiently and whether the third bedroom is large enough for a proper guest room or only suitable as a study. Village fees and ongoing costs are not disclosed in the available information, and those charges can materially affect affordability and resale appeal, so they need to be requested directly from the operator.
Detailed Independent Property Report prepared by PropCred Analyst team for 79/40 Chetwynd Grove, Wollert VIC 3750
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Wollert is a high-growth family suburb in Melbourne’s outer north, positioned as an affordable entry point with strong transport links. Demand is driven by young families and first home buyers seeking larger homes, supported by steady rental yields attracting investors. Recent price growth reflects this sustained demand, with a balanced sales market. Future growth is underpinned by ongoing infrastructure development and population influx, though increasing supply and sensitivity to interest rates present moderating influences on price appreciation.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
5.79 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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