51 Cortina Drive, Winter Valley VIC 3358
51 Cortina Drive, Winter Valley VIC 3358
Vacant residential land | 420 sqm lot | No heritage/flood/bushfire overlays | Delacombe Primary zone | Modern estate location
This vacant lot is positioned within a residential estate where the typical housing stock consists of modern detached family homes. The 420 sqm land area is considered suitable for a standard four-bedroom, two-bathroom, two-car dwelling, a configuration that is consistently sought after in this market. No heritage, flood, or bushfire overlays have been identified, and the building process is thereby simplified. The lot is mapped to Delacombe Primary School and Phoenix P-12 Community College, a catchment that is particularly valued by families. The property is best suited to an owner-occupier planning to build, or an investor seeking a land holding in an established growth corridor.
The eventual sale price may be influenced by lot size, the residential zoning, and demand for new family homes in the estate. Wider market conditions might also be weighed, given the ongoing supply of similar house-and-land packages. The absence of overlay restrictions is likely to be viewed favourably, the associated risk may be reduced, and the land value may be supported.
Detailed Independent Property Report prepared by PropCred Analyst team for 51 Cortina Drive, Winter Valley VIC 3358
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
URL has been copied successfully!
Market Insight
Winter Valley, a family-oriented suburb near Ballarat, is anchored by young buyers aged 29-31, with 60% mortgaged ownership and a median household size of 2.9. House prices sit around $580k-$590k, with annual growth ranging 2.6%-7.6% depending on the data set; clearance rates near 69% and 259 annual house sales confirm steady demand. Rental returns of 4.0%-4.2% for houses and $460 weekly rents, 45% above regional average, attract investors, though unit sales are negligible. Future growth relies on infrastructure proximity to Ballarat and family housing demand. Risks include affordability pressures for younger buyers, softening days on market (43-54 days), and reliance on car-dependent transport.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 17 Cortina Dr sold $450,000 (Dec 2019), 26 Cortina Dr sold $615,000 (May 2026) | Property Price Band: $200K–$300K | Value Drivers: lot size, residential zoning, school catchment
Bedrooms
-
Bathroom
-
Parking
-
Land
420m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!