80 Reichelt Avenue, Montmorency VIC 3094
80 Reichelt Avenue, Montmorency VIC 3094
4-bed family house|large 1,230sqm block|tightly held pocket|family buyer appeal|redevelopment optionality
The property is positioned as a rare offering in Montmorency due to its exceptionally large land parcel, which significantly exceeds typical family house blocks in the suburb. This generous land content is considered a competitive advantage, providing strong potential for future extension or redevelopment. The property is best suited to owner-occupier families seeking space, privacy, and long-term optionality in a tightly held residential pocket.
The value may be primarily driven by the land content, with the dwelling’s condition expected to moderate buyer willingness to pay a premium. Price expectations might be influenced by future redevelopment potential, subject to zoning.
Detailed Independent Property Report prepared by PropCred Analyst team for 80 Reichelt Avenue, Montmorency VIC 3094
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Montmorency is a well-established, family-focused suburb in Melbourne’s northeast, prized for its leafy setting and strong transport links. Demand is driven primarily by owner-occupying families and commuting professionals, attracted by quality local schools and a stable community. The housing market demonstrates resilience with steady annual sales, while the unit segment has experienced recent softening. Future growth is supported by consistent family demand, though affordability constraints and modest rental yields present considerations for investors.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
1
Land
1230m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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