37 Grandview Grove, Wendouree VIC 3355
37 Grandview Grove, Wendouree VIC 3355
Detached 1960s house | large 660-700m² block | three-bedroom family layout | renovation-ready condition | established Wendouree street
This property is regarded as an entry point into an established Wendouree pocket where large residential blocks are the standard. A solid footprint is offered by the detached 1960s house on a generously sized allotment, suited to families wanting space without an inflated price tag. Its position is enhanced by proximity to retail, sport, and private schooling, broadening appeal beyond one buyer type. Scope for value-adding upgrades is left by the largely original condition. That combination of honest housing, decent land, and practical location is typically found appealing by first-home buyers and renovators, while investors are drawn to the area’s steady rental demand.
The original interior may limit rental income until upgraded, though investment timing is controlled by the next owner. The building’s age might bring maintenance considerations around roofing and electrical. The allotment size may be the main value driver, with larger blocks increasingly sought. A price view might be formed by weighing renovation costs against potential uplift.
Detailed Independent Property Report prepared by PropCred Analyst team for 37 Grandview Grove, Wendouree VIC 3355
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Wendouree, a 9.6 sq km suburb in Ballarat with ample parkland, draws demand from a younger cohort—adults in their 20s and childless couples in trade roles—with owner-occupancy moderate. A substantial renter share underpins investor interest. House prices have climbed 13% annually to a median of $485,500, with median days on market of 22; units rose 5.49% to $360,000; 303 house sales over the year signal liquidity. Five-year gains of 37.62% for houses and 50.04% for units confirm strong momentum. Yet supply is tightening, with stock down 60.53% year-on-year, and household earnings below the regional average, capping affordability and price growth.
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PropCred Estimated Value
Comparable Sales: 94 Grandview Grove sold at about $610k | Property Price Band: $500k-$600k | Value Drivers: land size, renovation upside, established street location
Bedrooms
4
Bathroom
1
Parking
1
Land
692m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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