22 Elliott Street, Traralgon VIC 3844
22 Elliott Street, Traralgon VIC 3844
4-bed family house | 904 m² block | Larger than street norm | Solid rental demand | Suburban convenience
This property holds a clear competitive edge in its immediate pocket, offering four bedrooms, two bathrooms, and double-car accommodation on a 904 m² block that is noticeably larger than the typical detached house nearby. That combination positions it well for owner-occupier families seeking space without leaving the established residential core of Traralgon. The house is best suited to buyers wanting a long-term family home, with enough land for outdoor use and potential for future additions. Its configuration gives it a practical advantage over the smaller three-bedroom stock common in the area, which should support stronger buyer interest and broader market appeal.
The value of this property may be shaped by its internal condition and presentation, as the available data does not confirm the level of renovation or finish quality. A well-maintained interior and modern fixtures might lift its position in the price band, while dated amenities could moderate buyer enthusiasm. Land size is a genuine value factor, as larger blocks in this area tend to attract premium interest. The overall pricing may also be influenced by the property’s orientation and street presence, which are not clearly documented. Buyers should weigh these elements when forming a view on fair value.
>> Comparable Sales: 1 Elliott Street sold for $500,000 (3-bed) and 11 Elliott Street duplex sold for $440,000 | Property Price Band: $500,000–$600,000 | Value Drivers: land size, four-bed layout, internal condition and presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 22 Elliott Street, Traralgon VIC 3844
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Traralgon, the Latrobe Valley’s main service centre, combines V/Line rail and highway access to Melbourne. Demand is led by 30-39 year old mortgaged families, with 27% under 18 and a large share in community and personal services. House prices have risen to a $535,000-$575,000 median across sources, with 6.9-8% annual growth and 711 sales in the past year. Units lag, holding at $320,000-$350,000 with near-flat growth. Gross yields are 4.73% for houses and 5.88% for units, while median weekly rents sit at $492 and $370 respectively. Population growth of 7.92% since 2016 and rising house rents underpin demand. Constraints include slower unit turnover at 58-84 days and regional rate sensitivity, with house values ranging from $460,000 to $780,000 by bedroom count.
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PropCred Estimated Value
Bedrooms
5
Bathroom
2
Parking
2
Land
904m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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