85 Para Road, Montmorency VIC 3094

85 Para Road, Montmorency VIC 3094
4 bed, 3 bath house | rear gate to parklands/river trails | 533mΒ² block | fresh presentation with timber floors This property’s primary competitive strength is its direct, private access to parklands and river trails, a rare and fixed amenity that permanently enhances liveability and appeals to families seeking lifestyle. The four-bedroom, three-bathroom configuration on a fully usable block is operationally efficient for owner-occupiers, offering immediate move-in readiness with fresh finishes. It serves a buyer prioritising space, natural light, and a seamless indoor-outdoor connection to green space over sheer land size. The decision hinges on paying a premium for its park-front positioning within a broad price range. The principal risk is overcapitalising against the median, given the 2022 resale suggests recent vendor motivation. The opportunity is securing a turnkey home in a high-demand street where comparable scarcity supports long-term value. Acquire for long-term occupation to fully capitalise on its lifestyle attributes. Recent sales indicate strong demand for quality housing in Montmorency. – 85 Airlie Road (3 bed, 2 bath, 882mΒ²) sold for $1,250,000, showing value for larger land. – 5/57 Sherbourne Road (4 bed, 3 bath) sold for $1,200,000, aligning closely on bedroom count. This property’s asking range is positioned at the upper quartile, justified by its superior bathroom count, park adjacency, and renovated condition compared to these equivalents.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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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

Bathroom

Parking

3

Land

533mΒ²

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