9 Ellerslie Court, Mill Park VIC 3082
9 Ellerslie Court, Mill Park VIC 3082
Quiet cul-de-sac | 648m² block with 41% site coverage | Solar panels detected | Strong school catchment | Balanced owner-renter mix
This property offers a rare combination of a generous 648m² lot with only 41% building coverage, providing significant outdoor space and future extension potential in a quiet cul-de-sac. The solar panels, 4m roof height, and FTTP connectivity add practical value for a family seeking modern efficiency. Positioned within walking distance to Mill Park Primary School and with reliable 5G coverage, it serves buyers prioritising long-term family living in a stable, well-located pocket with balanced demographics.
The main risk is the limited street sales data for Ellerslie Court, making precise valuation comparison difficult. The estimated value of $797,000 sits above the listing guide, suggesting potential negotiation room. Rental yield at 3.5% is modest but consistent with suburb averages. The absence of bushfire, flood, or heritage overlays reduces insurance and development uncertainty, while the 2004 last sale date indicates infrequent turnover, reinforcing the street’s stability.
Detailed Independent Property Report prepared by PropCred Analyst team for 9 Ellerslie Court, Mill Park VIC 3082
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Mill Park is a well-established northern suburb offering strong connectivity via major freeways and rail, appealing to family buyers and commuters. Demand is driven by families and young professionals seeking proximity to employment hubs, supported by consistent rental demand from investors. The market exhibits robust price growth across both houses and units, with a steady sales volume indicating sustained activity. Future growth is underpinned by infrastructure links and school catchments, though affordability pressures and interest rate sensitivity present key constraints to entry-level buyers.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
648m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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