176 Fitzroy Street, Sale VIC 3850
176 Fitzroy Street, Sale VIC 3850
4 bed 1 bath 4 car | 683m² lot | north facing porch | weatherboard family stock | strong rental yield
This house offers a genuinely uncommon configuration for its price point. Four bedrooms with a single bathroom is a tradeoff, but the four car spaces, attached workshop, and large rumpus room create a practical layout that suits multi vehicle households or buyers needing serious storage. The separate lounge, dining, and family zones give it a functional floor plan that many newer builds lack. It sits comfortably within established suburban Sale, close to schools, shops, and the hospital, which anchors steady demand from families and investors alike. The north facing porch and enclosed sunroom add usable living space without requiring renovation.
The sale price sits notably below what the automated estimate suggests, which may reflect condition or presentation rather than any fundamental issue. The weatherboard construction and older style could mean maintenance costs that a buyer should budget for. The single bathroom may limit appeal for larger families, and the FTTN connection is a minor drawback for remote workers. The solar system and dual heating options are genuine positives that reduce ongoing costs. The rental estimate implies a yield around 5.7 percent, which makes this attractive to investors, but the value gap between sale price and estimate suggests the market has already priced in something. A buyer should inspect carefully to understand whether that gap represents opportunity or necessary expenditure.
|| Comparable Sales: 140 Fitzroy Street sold $295k, 180 Fitzroy Street sold $580k | Property Price Band: $400k–$500k | Value Drivers: land size, parking capacity, condition and presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 176 Fitzroy Street, Sale VIC 3850
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Sale’s positioning as a regional centre with 35 parks and a 4.6% population rise since 2016 is underpinned by professional, predominantly childless households; owner-occupancy already sits high at 64.5%. Demand is driven by this stable cohort, evidenced by consistent mortgage repayment levels and solid housing turnover. Prices remain firm, with houses ranging from $509,000 to $525,000 and annual growth to 7.16%, while units near $345,000 show a 12.3% compound rate. A 5.42% house yield and 6.27% unit yield keep investor interest alive. Over five years, house values have risen 45.48%. The key constraint is supply: 120 listings versus 33 rentals, meaning sellers must price realistically as the market balances.
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PropCred Estimated Value
Comparable Sales: 140 Fitzroy Street sold $295k, 180 Fitzroy Street sold $580k | Property Price Band: $400k–$500k | Value Drivers: land size, parking capacity, condition and presentation
Bedrooms
3
Bathroom
2
Parking
2
Land
683m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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