FOR SALE
ESR: $800,000 - $880,000

40 Phipps Crescent
Diamond Creek VIC 3089

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Land area: 593m2
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Auction Time
Sat 7 Dec 3:00 pm
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Double The Space, Double The Possibilities - A Unique Opportunity In A Prime Location

Enviably located an easy walk from parks, schools, the bus, the station, and Diamond Creek's dining, shopping, and entertainment options, this unique home offers two residences under one roofline, delivering multiple options for new owners.
Enhanced by timber floors throughout the spacious interior the front section introduces two bedrooms sharing the updated family bathroom and a generously proportioned lounge. Complete with French doors opening to a veranda set among a colourful garden, it sweeps around to a meals area overlooked by the kitchen.
A single doorway allows for seamless access between the first residence and the second. Along with three bedrooms sharing a sleek contemporary bathroom, it features an expansive open plan living-meals. Stretching out from a stone-finished kitchen and anchored by a wood fire heater, it opens to a generous decked entertainment area overlooking the private rear yard with veggie gardens.
With solar panels which have a feed in tariff of 60c/kWh this is the perfect option for multi-generational living or a blended family, it holds enticing appeal for friends or siblings to secure a foothold in the property market and still enjoy independent living.
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Property Details for 40 Phipps Cres, Diamond Creek

40 Phipps Cres, Diamond Creek is a 5 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 593m2. The place is currently for sale with Morrison Kleeman Eltham | Greensborough | Doreen.

Building Type
House
Land Size
593m2

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About Diamond Creek 3089

The size of Diamond Creek is approximately 17.9 square kilometres. It has 31 parks covering nearly 6.2% of total area. The population of Diamond Creek in 2011 was 11,504 people. By 2016 the population was 11,727 showing a population growth of 1.9% in the area during that time. The predominant age group in Diamond Creek is 50-59 years. Households in Diamond Creek are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Diamond Creek work in a professional occupation. In 2011, 87.7% of the homes in Diamond Creek were owner-occupied compared with 87.1% in 2016.

Diamond Creek has 5,638 properties. Over the last 5 years, Houses in Diamond Creek have seen a 32.43% increase in median value, while Units have seen a 15.74% increase. As at 31 October 2024:

  • The median value for Houses in Diamond Creek is $1,081,160 while the median value for Units is $705,928.
  • Houses have a median rent of $620 while Units have a median rent of $540.
There are currently 38 properties listed for sale, and 2 properties listed for rent in Diamond creek on OnTheHouse. According to CoreLogic's data, 216 properties were sold in the past 12 months in Diamond creek.

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Daniel Brittain
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Soul Suzuki
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Morrison Kleeman Eltham | Greensborough | Doreen
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