2/5 Koonawarra Way, Diamond Creek, Vic 3089

ESR: $800,000 - $880,000

House
Type
4
Bedrooms
2
Bathrooms
2
Parkings

Last updated on Friday, May 22, 2026 ( See property details for 2/5 Koonawarra Way, Diamond Creek, Vic 3089)

ESR: $800,000 - $880,000

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A nearly completed, high-spec four-bedroom townhouse in Diamond Creek offering exceptional value and versatile living spaces.

🏡 Property Highlights

  • Brand-new, near-complete four-bedroom townhouse in sought-after Diamond Creek
  • Premium inclusions and high-end features already supplied
  • Well-advanced construction with inspections passed and completion remaining
  • Flexible floorplan with two living areas, study nook, wine store, and ample storage
  • Modern design with 2700mm ceilings, square-set plaster, and premium fixtures
  • Potential for significant value addition with an estimated completion cost of $150,000

✨ Key Features

  • Garage
  • Air Conditioning
  • Ensuite
  • Outdoor Area
  • Built-in Robes
  • Dishwasher
  • Open-Plan Living
  • Waterfront / Views
  • Security Screens / Gates
  • Home Office / Study

Diamond Creek is a highly sought-after suburb known for its family-friendly environment, scenic natural surroundings, and strong community vibe. It offers excellent local amenities, schools, and outdoor recreational spaces, making it ideal for families and professionals seeking a peaceful yet connected lifestyle. The area boasts convenient access to Melbourne’s CBD and surrounding regions, with a growing reputation for quality housing and investment opportunities.

What is the current stage of construction and what remains to be completed?
The property is past the lock-up stage with inspections passed; the remaining work includes the completion inspection for the Certificate of Final Occupancy, with an estimated completion cost of approximately $150,000.
What premium features and fixtures are included in the property?
The property includes premium fixtures such as 2700mm ceilings, square-set plaster, in-wall cistern toilets, large shower niches, electric under-tile heating, high-end wiring, lighting, and smart-home provisions, along with supplied fixtures like Bosch appliances and Italian marble-look tiles.
Is the property suitable for investment or renovation purposes?
Yes, the property offers significant upside potential for investors, tradies, or builders seeking a high-quality, near-complete home with premium features and scope for further customization.
What are the key advantages of this property’s location?
Located in a sought-after Diamond Creek pocket, the property benefits from a family-friendly environment, scenic surroundings, excellent amenities, and convenient access to Melbourne’s CBD.
Are there any hidden costs or additional expenses beyond the estimated $150,000 for completion? Have all necessary approvals and permits been obtained for the current construction stage? Are there any known defects or issues with the property or its construction? Is the property located within a flood or bushfire risk zone? Are there any easements, zoning restrictions, or planning overlays affecting the property? Is there any ongoing or upcoming construction or development nearby that could impact the property? Are there any strata or body corporate fees applicable to this property? What are the noise levels and neighbour conditions in the area? Is the property compliant with all building codes and safety standards? Are there any restrictions on future modifications or extensions to the property?

2/5 Koonawarra Way, Diamond Creek, Vic 3089 - More Details

ESR: $800,000 - $880,000

Type
House
Bedrooms
4
Bathrooms
2
Parkings
2

Price guide

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