138 Mcbryde Street, Fawkner VIC 3060
138 Mcbryde Street, Fawkner VIC 3060
3 bed 1 bath house | 627m² land | Fawkner Primary catchment | auction late May
This property offers a rare combination of a full 627m² land holding with a functional three-bedroom house in a street where comparable sales show steady annual growth of up to 5.68%. The land-to-improvement ratio is competitively strong for a buyer seeking future subdivision potential or long-term capital appreciation, as 50% of local owners have held for over a decade, indicating low turnover and stable demand. It best suits an owner-occupier wanting to enter a family-friendly catchment with room to renovate, or an investor targeting land value growth in a corridor where similar configurations have traded between $715,000 and $758,500 after seven-year holds.
The primary risk is the single bathroom and dated interior, which may limit immediate appeal to buyers seeking move-in condition and could require $50,000–$80,000 for a functional upgrade. The auction format on 30 May creates time pressure, and the price guide of $760,000–$830,000 sits near the upper end of recent street sales, so disciplined bidding is advised. The opportunity lies in the land component: at 627m² in a stable pocket with strong school catchment, holding for five to seven years should capture further growth while the existing house provides rental income. Hold for land appreciation and consider a future knockdown-rebuild or dual-occupancy subdivision when zoning permits.
Detailed Independent Property Report prepared by PropCred Analyst team for 138 Mcbryde Street, Fawkner VIC 3060
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Fawkner presents as a stable, family-oriented suburb with consistent demand from owner-occupiers, supported by solid annual sales volumes. This demand is anchored by its accessibility to northern employment hubs and established local infrastructure. The market demonstrates robust price growth, particularly for units, though houses show moderate appreciation. Future prospects are underpinned by this sustained local activity, yet affordability pressures and sensitivity to broader economic conditions present notable constraints on accessibility and liquidity.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
3
Land
628m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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