7 Lyle Court, Goughs Bay VIC 3723
7 Lyle Court, Goughs Bay VIC 3723
3 bedrooms, 2 bathrooms, 2 car spaces on 736m². Single-level house with built-in wardrobes. Carport parking. Standard finishes. Likely built early 2000s to 2010. Last sold 2016 for $270,000. Currently rented at $490 per week.
This property sits comfortably within the typical Goughs Bay housing stock, offering a straightforward three-bedroom configuration on a generous 736m² lot. The two-car parking is slightly above average for the area, adding practical appeal for families or those with multiple vehicles. The single-level layout makes it particularly suitable for downsizers or buyers seeking easy accessibility. Positioned in a quiet, low-density residential pocket, the house delivers a rural-residential feel without being remote. The estimated gross rental yield of around 4.5% signals moderate but steady demand, appealing to investors looking for reliable returns rather than capital growth spikes. This is a functional family home that competes well on space and practicality rather than luxury.
The property’s age and lack of documented renovations may influence its market position. A buyer should weigh whether the standard finishes require updating, which could affect both immediate livability and longer-term value. The 55% price increase since 2016 reflects general market movement rather than exceptional property-specific gains. Without detailed school catchment data or nearby amenity information, the location’s convenience remains somewhat unclear. The absence of documented development or infrastructure changes in the area suggests limited external value drivers. These factors might moderate price expectations, though the solid rental demand provides a reassuring floor for investment-minded purchasers.
Detailed Independent Property Report prepared by PropCred Analyst team for 7 Lyle Court, Goughs Bay VIC 3723
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Goughs Bay leverages its proximity to sweeping agricultural landscapes, offering residents a highly targeted lifestyle and infrastructure advantage. Generational local families are aggressively driving the housing demand here to secure a foothold in this specific postcode. Properties here turn over infrequently, making it a stable market insulated from major economic shocks.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
736m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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