1/42 Salisbury Street, Lang Lang VIC 3984
1/42 Salisbury Street, Lang Lang VIC 3984
Villa on 607m² | Rare low-maintenance stock in family suburb | School-zoned | No overlay constraints detected | Above-suburb rent estimate
The property presents a genuinely uncommon configuration for Lang Lang, where detached houses dominate and attached stock is scarce. A villa on a 607m² lot offers the practical advantage of lower upkeep while retaining generous outdoor space—positioning it well for downsizers seeking a manageable footprint without sacrificing garden room, or for families wanting a foothold in the Lang Lang Primary and Koo Wee Rup Secondary zones. The absence of bushfire, flood, or heritage overlays simplifies due diligence, and the estimated weekly rent of $545 suggests strong income potential relative to the suburb’s typical rental profile, which points to a property that could attract both owner-occupiers and investors.
The estimated value of around $680,000 sits within the township housing band, though the villa format may trade differently than larger detached homes. The building’s age and internal condition are not confirmed, and these factors could materially influence final pricing—a well-presented interior may support the higher end of expectations, while dated finishes might temper buyer enthusiasm. The 607m² land size is smaller than many local allotments, which could limit appeal for those seeking acreage, but it may also be a strength for buyers prioritising low maintenance. Rental demand appears moderate but steady, given limited attached stock in the area.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/42 Salisbury Street, Lang Lang VIC 3984
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Lang Lang sits on Melbourne’s south-east fringe, 75 km from the CBD, offering a lower-priced entry to the outer market. Median house price is about $720,000; units sit at $513,000. Annual house growth ranges from 1.4% to 3.4%, but momentum is uneven: median listing prices fell 5.41% over two years. Demand is investor-led, propelled by a 0.76% vacancy rate and gross yields of 4.4–4.7%. Turnover is thin—56 to 61 house sales annually—and only 25 houses were listed last month, keeping supply tight. Days on market vary from 27 to 98 days, with four-bedroom stock slowest. Future growth relies on continued affordability-driven demand, while the long commute and listing-price weakness are the main constraints.
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PropCred Estimated Value
Comparable Sales: 6–8 Salisbury Street (3 bed, 1 bath, 2 car on 1,586m²) guided $685k–$750k; 41 Rosebery Street (4 bed, 2 bath, 2 car on 708m²) | Property Price Band: $600K–$700K | Value Drivers: land size, villa rarity, presentation, school zoning
Bedrooms
2
Bathroom
1
Parking
1
Land
218m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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