8 Templetonia Circuit, Mickleham VIC 3064
8 Templetonia Circuit, Mickleham VIC 3064
Newer estate build | Compact 260–313m² lot | 4-bed family format | School-zoned | Growth-area demand
This property sits in a modern Mickleham estate where the street pattern is consistent and recently developed. The house itself is likely a standard contemporary build, probably four bedrooms, two bathrooms, and a double garage, on a compact allotment that suits low-maintenance living. That configuration is well matched to first-home buyers and young families who want a new house without the upkeep of a larger block. The estate’s level, rectangular lots and family-oriented layout make it a practical choice in an outer-growth corridor where demand for this product type remains steady. It is not a standout or rare property, but it is a solid, predictable option for buyers prioritising modern finishes and school catchment access over space or character.
The main factors that might shape the property’s value are the land size and the stage of estate development. Compact lots in newer releases can feel tight, and the surrounding area may still have ongoing construction, which could affect street appeal in the short term. The absence of any overlay constraints, such as bushfire or flood, is a positive, but the property’s price will largely depend on how the house compares to others in the same estate phase. Buyers should weigh the benefit of a near-new build against the limited outdoor space and the potential for continued building activity nearby. These are typical considerations for this market, not unusual risks.
|| Comparable Sales: 84 Templetonia Circuit sold around $724,000; 65 Templetonia Circuit on 262m² off market | Property Price Band: $700,000–$800,000 | Value Drivers: modern condition, compact land size, school zoning, estate presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 8 Templetonia Circuit, Mickleham VIC 3064
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Mickleham, 29km north of Melbourne, is a high-growth fringe suburb anchored by the Merrifield master-planned community. Demand is driven by families and young professionals seeking affordable housing and emerging infrastructure; population jumped from 3,142 to 17,452 between 2016 and 2021. House prices sit at a $700,000 median, with annual growth of 3.8–4.8%, while units median $615,000–$624,000 and grow near 4%. Houses rent for $550 weekly, yielding about 4.1%. Market conditions are balanced but slower: median days on market runs 58–63, and sales volumes vary widely, signalling potential supply fluctuations. Future growth hinges on the Merrifield mixed-use development and new schools, though modest capital growth and longer selling times remain constraints.
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PropCred Estimated Value
Comparable Sales: 84 Templetonia Circuit sold around $724,000; 65 Templetonia Circuit on 262m² off market | Property Price Band: $700,000–$800,000 | Value Drivers: modern condition, compact land size, school zoning, estate presentation
Bedrooms
4
Bathroom
2
Parking
2
Land
294m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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