21 Lynnbrae Avenue, Hurstbridge VIC 3099
21 Lynnbrae Avenue, Hurstbridge VIC 3099
Leafy established street | School catchment | Bushfire overlay applies | Station and village close | Character homes and large lots
This is a house on an established, leafy street in a low-density pocket of Hurstbridge, where the mix of older family homes, architect-designed mud-brick houses, and redevelopable parcels gives the area genuine character rather than uniform housing. The location is a practical one: Hurstbridge station, the village cafes, a supermarket, and a primary school are all close by, which makes the property well suited to families and commuters who want a lifestyle setting without being isolated. The street itself is quiet and picturesque, and the presence of large allotments nearby means the neighbourhood attracts buyers who appreciate space and the potential for custom building. That demand profile supports a house with good land content, particularly for a buyer who values character and a strong community feel over a manufactured estate environment.
The main value considerations are the condition and layout of the house itself, which have not yet been verified, and the bushfire overlay that applies to nearby parcels and may affect this one as well. That overlay could mean additional building requirements and higher insurance, so a buyer should weigh those costs when forming a view on price. The street’s diverse housing stock also means the price will be influenced by how this property compares on land size and presentation to both renovated homes and redevelopable allotments.
Detailed Independent Property Report prepared by PropCred Analyst team for 21 Lynnbrae Avenue, Hurstbridge VIC 3099
Checks found:
Value Risk
✕
2
Liquidity Risk
✕
2
Planning Risk
✓
Income Risk
✓
Execution Risk
✓
Market Insight
Hurstbridge is a tightly held, family-oriented market where owner-occupiers drive demand. The median house price is $990,000, with annual growth between 2.6% and 6.7%, though a quarterly decline of -15.8% flags near-term cooling. Houses transact quickly—19 to 27 days on market—while the 0.07% vacancy rate confirms acute supply scarcity. Rental yields are modest at 3.28-3.83%, reflecting strong price levels. Five-year growth of 27.34% for houses and 22.62% for units highlights sustained value gains. Demand is led by couples with children and professionals in their 40s, with high owner-occupancy limiting turnover. Future growth is supported by low stock and established family appeal; key risks include affordability pressures, rate sensitivity from significant mortgage obligations, and minimal unit supply.
PropCred Estimated Value
Comparable Sales: 16 Lynnbrae Ave unit sold $436k (2008); 28 Lynnbrae Ave land guide $460k–$500k | Property Price Band: $1.0M–$1.1M | Value Drivers: land size, condition, layout
Bedrooms
3
Bathroom
2
Parking
2
Land
700m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst