11 Post Office Lane, Wail VIC 3401
11 Post Office Lane, Wail VIC 3401
3 bed, 1 bath on 2,636 m² to 1.3 ha | semi-rural acreage feel in a quiet lane | bushfire overlay noted | land-heavy holding, modest house | last sold early 2023 around $250k
This property’s real strength is the land. At roughly a quarter-hectare to over a hectare, it offers the kind of space you simply won’t find on a standard suburban block, and that rarity is what sets it apart in Wail. The house itself is modest—three bedrooms, one bathroom, 119 m²—but it’s cleanly configured with practical features like split-system heating and cooling, a deck, and a water tank. For a buyer seeking a rural-fringe lifestyle without full acreage maintenance, this sits in a sweet spot: enough land for privacy, sheds, or animals, but not so much that it becomes a burden. The fixed wireless NBN keeps it connected, and the residential zoning means it’s not a gamble on future approvals. It suits a family or downsizer wanting space and quiet, not someone chasing a turn-key modern home.
The bushfire management overlay is the main factor to weigh. It doesn’t make the property uninsurable or unlivable, but it may influence insurance costs and any future building work, so a buyer should factor that into their budget. The house’s age and finishes are unconfirmed, which means condition could vary more than a newer build. The land-to-dwelling ratio also means value is heavily tied to the block itself—if the house needs updates, the price should reflect that the land is the primary driver, not the structure. The 2011 sale and the early 2023 purchase at around $250k give a sense of recent market appetite, but the limited local stock means you’re not comparing like-for-like easily. A buyer should inspect thoroughly and consider what they’d spend on improvements.
|| Comparable Sales: 10 Post Office Lane sold 2014 for $220k (4 bed, 1 bath); 4 Post Office Lane sold 2019 for $50k | Property Price Band: $200k–$300k | Value Drivers: land size, bushfire overlay, dwelling condition
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Post Office Lane, Wail VIC 3401
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
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PropCred Estimated Value
Comparable Sales: 10 Post Office Lane sold 2014 for $220k (4 bed, 1 bath); 4 Post Office Lane sold 2019 for $50k | Property Price Band: $200k–$300k | Value Drivers: land size, bushfire overlay, dwelling condition
Bedrooms
3
Bathroom
1
Parking
-
Land
1.29 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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