31 Franklin Street, Maddingley VIC 3340
31 Franklin Street, Maddingley VIC 3340
6-bed character house on 1,048m² | separate studio dwelling | bushfire overlay present | suits multi-generational buyers | strong rental potential
This property is positioned well above typical Maddingley stock in both configuration and land size. Six bedrooms, three bathrooms and multiple living areas are offered alongside a separately connected studio dwelling at the rear, making the house unusually flexible for a suburban setting. The 1,048m² lot is considered generous by local standards, and the country-style character is seen as a genuine point of difference from newer estate product. The house is best suited to buyers seeking multi-generational living, home-office separation, or dual-use accommodation, and it is expected to appeal strongly to families who need space without moving to acreage.
The bushfire overlay should be investigated before purchase, as insurance costs and future extension options may be affected. The internal floor area is reported inconsistently across sources, which might influence valuation and lending outcomes. The condition of the secondary dwelling and the overall presentation are likely to be the main determinants of final value. The buyer pool might be narrowed slightly by the property’s scale and layout, and the speed of sale may be influenced as a result.
>> Comparable Sales: 17 Brighton Rise, 4-bed on 400m², recent sale, price undisclosed | Property Price Band: $800K-$900K | Value Drivers: land size, secondary dwelling, character presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 31 Franklin Street, Maddingley VIC 3340
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Maddingley is a family-oriented outer suburb, with 49% of households couples with children and 28% under 19. Purchasers dominate at 55%, spanning professionals, trades, clerical and community-service workers. The median house price is $650,000, up 4.8% annually, but sales volumes range widely (34–137) and days on market span 44–72, signalling patchy liquidity. House rents average $520 weekly, with gross yields near 4.1–4.3%; units yield 5.48% yet lack sufficient sales data. Rental growth of 6.1–8.9% underpins future demand, but the $215,000–$5 million price spread and thin unit market are constraints. No school or transport data is available.
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PropCred Estimated Value
Bedrooms
6
Bathroom
3
Parking
4
Land
1048m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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