28 Bassett Avenue, Wyndham Vale VIC 3024
28 Bassett Avenue, Wyndham Vale VIC 3024
4 beds, 2 baths, 2 cars | 420sqm land, 194sqm home | family-oriented street | study and rumpus room | no overlays detected
This property stands out in Wyndham Vale for its generous 420sqm lot paired with a practical 194sqm single-level home, offering 4 bedrooms, a study, and a rumpus room—a rare combination in a market dominated by compact family housing. The 46% building coverage leaves usable outdoor space, while ducted heating, air conditioning, floorboards, and a fully fenced yard appeal directly to young families or upgraders seeking a turnkey home in a growth corridor. School zoning for Riverbend Primary School and Manor Lakes P-12 College adds long-term family appeal, and the absence of bushfire, flood, or heritage overlays reduces planning risk. The property best suits buyers wanting a functional family layout without compromising on land size or modern finishes.
The 2018 sale price of $276,000 versus the current $650,000–$689,000 range reflects substantial capital growth, but buyers should weigh whether the market has absorbed that increase given limited recent comparable sales in the immediate street. The estimated $480/week rental yield may be modest for an investor, and without a confirmed build year, depreciation benefits are uncertain. The lack of verified aspect or premium amenity nearby may temper future price growth, though the property’s larger-than-average lot and versatile rooms provide a buffer against market shifts.
Detailed Independent Property Report prepared by PropCred Analyst team for 28 Bassett Avenue, Wyndham Vale VIC 3024
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Wyndham Vale is a master-planned, family-oriented suburb with strong demand from young families, evidenced by its demographic profile. This cohort is driving a robust owner-occupier market for houses, supported by solid sales activity and rising rental demand. Recent house price growth has been moderate, though it trails the broader metropolitan average, while the unit market remains subdued with limited activity. Future growth is underpinned by its family-friendly amenities and infrastructure, but key risks include lower relative rental yields and price growth performance compared to Melbourne.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
420m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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