180 Reynolds Road, Metung VIC 3904
180 Reynolds Road, Metung VIC 3904
Large rural-residential holding | quiet low-density Metung street | river-adjacent lifestyle setting | privacy and acreage appeal | bushfire overlay possible
The property is best understood as a rare large landholding within a quiet, low-density part of Metung. The scale and rural-residential character are judged competitively strong, as the combination of generous site area and river-adjacent surroundings is not easily found in conventional housing stock. This is a lifestyle property, one that is suited to buyers seeking privacy, space, and a direct connection to the natural environment. It is positioned comfortably within a street context of larger allotments and leafy, tranquil settings, which reinforces its retreat-like appeal. The best-fit buyer is someone who places a higher value on land and setting than on dwelling perfection and who is prepared to invest in the house itself.
The sale price may be materially influenced by the usability of the land and the condition of the existing house. If substantial updating is required, the price might need to be discounted against the cost of improvements. A bushfire overlay could also affect insurance and future building costs, and any limits on subdivision or development may reduce upside. These factors should be weighed alongside the lifestyle premium, with buyers advised to form a view on what the land alone is worth before assigning additional value to the dwelling.
Detailed Independent Property Report prepared by PropCred Analyst team for 180 Reynolds Road, Metung VIC 3904
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
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Market Insight
Metung VIC 3904 is a coastal suburb defined by high owner-occupancy (81.8% in 2021), with demand led by childless couples and managerial professionals, many repaying $1000-$1399 monthly. House prices have fallen 15.9%-16.3% annually to a median of $603,000-$620,000, with days on market at 150-151 and annual sales of 33-35, indicating a soft, slow market. Gross yields sit at 4.0%-4.4%, and median house rents are $515-$535 weekly. Future support comes from coastal appeal and committed local ownership, but 31% of mortgaged owners and a sharp price correction point to rate sensitivity and demand constraints.
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PropCred Estimated Value
An indicative price band of $980,000 to $1,080,000 is suggested for the property, based on available valuation signals and a modest premium for its landholding character. Recent comparable sales in Metung have ranged from around $480,000 for vacant land to $1.35 million for larger houses, with life
Bedrooms
3
Bathroom
3
Parking
2
Land
12.14 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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