23 Railway Avenue, Donnybrook VIC 3064
23 Railway Avenue, Donnybrook VIC 3064
4-bed family house | walk-to-station location | modern open-plan layout | compact block | strong rental appeal
This property is a competitively strong option for families and investors seeking a modern, low-maintenance house in a commuter-focused growth corridor. The four-bedroom, two-bathroom configuration with garage parking and an open-plan living zone directly serves the dominant buyer profile in this area: young families wanting new housing near public transport, and investors targeting steady rental demand. Being within walking distance of Donnybrook Station is a genuine advantage, as it reduces reliance on cars for daily commuting and supports both owner-occupier appeal and tenant interest. The house sits comfortably within the suburb’s newer stock, where contemporary finishes and efficient layouts are the norm, but the four-bedroom format gives it an edge over the three-bedroom houses that are more common on nearby streets. It is best suited to a buyer who values practicality, station access, and a turnkey property over established character or generous outdoor space.
The compact lot size may constrain private open space and limit future extension potential, which could matter for buyers planning long-term family growth. The property’s value may be influenced by the quality of internal finishes and presentation, as these are not fully detailed, and by the exact land dimensions, which are not confirmed. The lack of a verified build year means the condition and warranty status should be inspected, though the listing styling suggests a recent construction. The rental yield potential appears solid given the station proximity and modern configuration, but the absence of specific infrastructure projects nearby means capital growth will rely on broader suburb development rather than a single catalyst. Buyers should weigh the convenience and newness against the smaller footprint and evolving neighbourhood amenity.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Railway Avenue, Donnybrook VIC 3064
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Donnybrook, 34km northeast of the CBD, is a semi-rural suburb attracting family-oriented buyers after spacious homes, with first-home buyer packages also in play. House prices are effectively stagnant: the median sits at $651,100 with annual growth of 0.02%, and houses average 61 days on market. Sales volume remains healthy at 452 per year, while rental demand is firm—vacancy is 2.58%, weekly house rent is $500, and gross yields reach 3.91% for houses and 4.52% for units. Rental income runs 16.1% above Greater Melbourne’s average. The key constraint is rate sensitivity: auction clearance is weak at 25–27.4%, and supply is ample with 551 properties listed, which will likely cap price gains despite steady turnover and infrastructure support for family living.
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PropCred Estimated Value
Comparable Sales: 29 Railway Avenue, 3-bed, 2023 build, sold around $580k–$630k; 23 Coliseum Avenue, 3-bed, 512m², sold around $760k–$797k | Property Price Band: $600k–$700k | Value Drivers: four-bedroom layout, station proximity, modern condition
Bedrooms
4
Bathroom
2
Parking
1
Land
238m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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