10 Barclay Street, Heywood VIC 3304
10 Barclay Street, Heywood VIC 3304
5-bed detached house on 2,020 m² | above-average Heywood scale | big backyard with shed potential | family-oriented local market | slow turnover
A 5-bedroom, 3-bathroom detached house on 2,020 m² is offered, and it is positioned well above Heywood’s typical dwelling scale. The land area is considered the defining feature: a parcel this size is used for generous outdoor living, sheds, workshops, or future reconfiguration, and such space is rarely found in standard suburban stock. A clear and practical buyer group is served here: families wanting room to spread out, buyers with storage or vehicle needs, and those seeking a single-level, land-heavy home without strata constraints. An older low-density part of town is occupied, consistent with a quiet, established neighbourhood character. The property’s edge is not merely the bedroom count but the combination of detached form, substantial land, and the flexibility that is gained from both.
The final value is strongly influenced by the dwelling’s condition and presentation. Some parts of Heywood may be subject to a bushfire overlay, which could affect insurance costs and the scope of certain approvals. Subdivision potential is often attached to a block this size, although that is dependent on current zoning and council policy. A sale might be completed slowly due to low market turnover, and price discovery may be gradual.
Detailed Independent Property Report prepared by PropCred Analyst team for 10 Barclay Street, Heywood VIC 3304
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Heywood, a western Victorian town, is a stable but thin market. Demand is driven by an older, equity-rich cohort: 42% of residents are over 55, 43% own outright, and 46% are childless couples. That profile supports low turnover and limited rate sensitivity. Median house prices cluster around $340,000, with annual growth of 3.0–5.3% across recent sources, though a sold range of $315,000–$360,000 shows variance. Only 29–37 houses sell annually, and days on market swing from 52 to 223, indicating illiquidity rather than distress. Buyer activity is anchored by local childcare services and a small set of sales up to $770,000 for a four-bedroom home. However, stock is scarce—just one rental and one listing in the past month—and a median vendor discount of -6% over the year points to price softening. Future upside is constrained by weak turnover and a lack of major infrastructure catalysts.
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PropCred Estimated Value
Comparable Sales: 10 Barclay St (sold $375,000, 2018); 231 Golf Course Rd (sold $1.23M, acreage) | Property Price Band: $500,000-$600,000 | Value Drivers: land size (2,020 m²), condition and presentation, flexible family layout
Bedrooms
5
Bathroom
3
Parking
-
Land
2030m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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