1/40 Vine Avenue, Horsham VIC 3400
1/40 Vine Avenue, Horsham VIC 3400
Villa on 864m² | 3-2-1 config | Bushfire overlay flagged | School-zoned | Investor and downsizer draw
The property is presented as a villa-style dwelling on a substantial 864 square metre lot, a configuration that is rarely seen for this property type in the local area. A three-bedroom, two-bathroom layout with a single car space is included, offering practical accommodation for families or downsizers. The generous land area is understood to be well above typical villa allocations, which may allow for outdoor living or future redevelopment potential where planning permits. Its established residential setting is complemented by school catchments for Horsham West and Haven Primary School and Horsham College, enhancing its appeal to households with children. This property appears best suited to owner-occupiers seeking space with limited maintenance duties, while investors are also likely to be drawn by the consistent rental demand observed across the suburb.
The bushfire overlay identified in the broader locality may be expected to affect insurance premiums and lending conditions, which could temper buyer interest. Internal presentation and finish quality are likely to be influential in determining the final price, along with the dwelling’s orientation and the shared boundary arrangements common to villa estates. A slower market turnover may also be factored into buyer expectations, potentially leading to extended negotiation timelines and scope for considered offers.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/40 Vine Avenue, Horsham VIC 3400
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Horsham, the major commercial centre for western Victoria, draws demand from a demographic of mostly single, older residents, with 28% aged over 60 and most homes detached and owned outright. Median house prices range from $372,000 to $461,000 by source, with annual growth between 3.2% and 16.8%; units sit at $322,000–$405,000, with growth of 1.5%–17.1% though one measure shows a quarterly decline. Houses sell in 29–42 days, and yields are firm: 5.26% for houses and 4.6%–5.32% for units. Rents run $400–$450 weekly for houses and $320–$360 for units. Sales volumes remain steady, with 340–383 properties sold annually. Future growth rests on Horsham’s status as an accessible Wimmera entry point and commercial hub. Key constraints: household incomes run 6.6% below the regional Victoria average, and available listings reached 138 in the past month, indicating visible supply.
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PropCred Estimated Value
Comparable Sales: 2/40 Vine Avenue sold for $499,000 in Dec 2025 | Property Price Band: $500,000 to $600,000 | Value Drivers: land size, internal condition, layout and presentation
Bedrooms
3
Bathroom
2
Parking
2
Land
864m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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