4 Matthew Street, Tooradin VIC 3980
4 Matthew Street, Tooradin VIC 3980
4-bed family house on 524m² | four-car storage | compact residential footprint | coastal village setting | smaller lot than local norm
The four-bedroom, two-bathroom layout is well suited to family occupancy, while the four-car provision is a genuine competitive edge for buyers with boats, trailers, or workshop needs. The house sits on a compact 524m² block, placing it at the smaller and more affordable end of Tooradin’s housing mix, where many properties carry substantially larger lots. This gives the property a dual character: it is practical as a low-maintenance family house, and it offers vehicle storage rarely found at this land size. The best fit is likely a young family or coastal lifestyle buyer who wants the Tooradin setting without the upkeep of a large acreage. The property is positioned for those who value parking and convenience over extensive outdoor space.
The land size can be cited as the primary factor that might discipline price. At 524m², the block is substantially smaller than many in the suburb, which may limit subdivision or expansion potential. The four-car garage might offset this for some buyers, but the final price is likely to be driven by the house’s condition and presentation. Some traffic exposure from the highway corridor could also influence buyer perception. Value, therefore, may be determined more by the dwelling’s liveability than by the land’s redevelopment upside.
>> Comparable Sales: 8 Matthew Street (959m²) sold approximately $600k | Property Price Band: $600k–$700k | Value Drivers: four-car garage, compact land, presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 4 Matthew Street, Tooradin VIC 3980
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Tooradin, on the South Gippsland Highway, is a thin market: about 1,700 residents, half of households couples with children, a third over 55, and 51% buyers. Demand comes from upper-middle-income families and empty-nesters after large blocks with highway access. The median house price is $843,000, but annual growth ranges from -15.6% to +19.2% (REIV: -6.4%), signalling volatility. Houses rent for about $825 weekly with a 3.9% gross yield; days on market span 39–83. Sales volume is just 15–23 a year and population grew ~10% at the last census, yet future growth is constrained by low turnover and rate sensitivity; no school-catchment or unit data exist to broaden that base.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
4
Land
524m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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