24 Brazeel Street Blackburn South VIC 3130
24 Brazeel Street Blackburn South VIC 3130
Single-level family footprint on 701mยฒ | flexible layout with dual living zones | no overlays in Whitehorse City | positioned for Orchard Grove and Forest Hill College.
The propertyโs competitive strength lies in its single-level configuration on a 701mยฒ lot with 27% building coverage, offering a rare combination of generous land and manageable upkeep for families or multi-generational households. The flexible two-level layout, light-filled living zones, and separate meals area provide functional separation without sacrificing connection, which suits buyers who value immediate comfort alongside future renovation potential. Zoning for Orchard Grove Primary School and Forest Hill College, combined with the absence of bushfire, flood, or heritage overlays, reduces due diligence risk and broadens the buyer pool. Reliable NBN Hybrid Fibre Coaxial and 5G coverage support modern work-from-home needs without being a prime value driver.
The main risk is the buildingโs age and 8m roof height, which may signal higher maintenance costs or limited scope for vertical expansion without council approval. The 2022 sale price of $1,223,000 and current estimated range of $1,357,000โ$1,384,000 suggest a modest capital growth trajectory, meaning the buyerโs return will depend on value-add improvements rather than land appreciation alone. Opportunity lies in updating the kitchen and bathrooms to lift the property into a higher price bracket for its catchment. Hold for medium-term family use or renovate selectively before a future sale.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Blackburn South presents as a well-established, family-focused suburb offering a leafy, community-oriented lifestyle with strong local amenities. Demand is driven by established professionals and families seeking spacious homes and access to parks and transport. The housing market demonstrates stable, moderate growth, while the unit segment has experienced notable recent softness. Future prospects are underpinned by its enduring appeal as a residential haven, though the divergent performance between property types indicates a market with selective buyer caution.