8 Simmonds Street, Hughesdale VIC 3166
8 Simmonds Street, Hughesdale VIC 3166
576 m² renovated house | families and upsizers | rail and Chadstone close | oversized living zones | lot flexibility
A well-renovated three-bedroom house on a 576 m² allotment is considered uncommon in Hughesdale, where much of the supply near stations has been directed toward units and townhouses. The generous land, combined with oversized bedrooms and expansive living zones, is placed at the larger-lot end of the suburb’s detached stock. Families and upsizers are best served by this house, as modern comfort is delivered without immediate work being required. The daily convenience of rail stations, Oakleigh Central, Chadstone, and Monash University is provided by a location these buyers typically prioritise. A stable, family-oriented street character is reinforced by the suburb’s owner-occupier majority.
Land-measurement differences may be found, so a title survey is advised. Rear-lot potential might allow future extension, but no permit is implied. Traffic noise may be introduced by commercial and freeway proximity. Orientation and build age are best confirmed on site. Interest may be underpinned by nearby school demand.
>> Comparable Sales: 16 Simmonds Street (6-bed, recent sale) and 42 Simmonds Street (3-bed, circa $1.1M) | Property Price Band: $1.2M–$1.3M | Value Drivers: 576 m² land, renovated interior, family layout
Detailed Independent Property Report prepared by PropCred Analyst team for 8 Simmonds Street, Hughesdale VIC 3166
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Hughesdale is a south-eastern suburb positioned as an education and transport hub, with demand driven by families, young professionals, and investors, while students and workers anchor rental demand. House prices are mixed: YIP records $1,516,000 with 6.69% annual growth, Woodards shows $1,465,000 up 7.7%, yet REIV’s recent quarterly figure is down 7% to $1.4 million. Units are similarly uneven, ranging from $684,000 down 8.34% (YIP) to a 5.4% gain (Woodards). Houses take 30–56 days to sell; sales volume is thin at 56–67 per year. Vacancy tightened from 1.8% to 1.2%, supporting rents: houses $635 weekly, units $588–595. Gross yields remain low for houses at 2.93% but healthier for units near 4.5%. Future growth rests on urban renewal, school catchment appeal, and limited rental supply, though affordability constraints, rate sensitivity, and declining sales activity are key risks.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
576m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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