38 The Parade, Yea VIC 3717
38 The Parade, Yea VIC 3717
4-bedroom on 1034m² | rear side access | established older dwelling | regional township setting | renovation opportunity
A large residential block of this size is considered generous for the Yea township, and the rear side access adds a practical edge that many similar properties lack. The established improvements point to an older home that may not be move-in ready for every buyer, but this creates a clear pathway for value addition through renovation or extension. This property is best suited for those seeking space and flexibility in a regional location, where the land itself is a major draw and the house offers a canvas for personalisation.
The age and finish of the house may require careful inspection, as its current condition could affect both livability and future resale. The full potential of the rear access might depend on local zoning and access restrictions, which should be verified before forming a price view. These factors, along with the need for potential upgrades, are likely to influence the property’s final market position.
Detailed Independent Property Report prepared by PropCred Analyst team for 38 The Parade, Yea VIC 3717
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Yea is a regional lifestyle market where demand is driven by tree-change buyers seeking acreage properties, reflected in strong house price growth and steady sales volumes. The market exhibits a clear divergence, with houses in high demand while the limited unit segment remains soft. Key constraints include extended selling periods for houses and a wide price range that affects affordability, alongside very low unit supply which limits options for entry-level buyers.
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PropCred Estimated Value
Bedrooms
4
Bathroom
1
Parking
-
Land
1034m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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