1 Wallace Street, Swan Hill VIC 3585
1 Wallace Street, Swan Hill VIC 3585
3-bed house on 725m² | large established block | near two schools | entry-level price point | active local market
The property is an entry-level house in an established neighbourhood of detached homes on generous lots. The 725 square metre block is the standout feature, with practical space for a shed, garden, or outdoor entertaining at a level newer subdivisions rarely match. Access to Swan Hill Primary School and Swan Hill College is a genuine advantage for families and first-home buyers. The area is mostly owner-occupied, with stable values and straightforward resale supported. For an investor, the three-bedroom, one-bathroom layout is a workable rental configuration, though the property is suited to buyers who value land and location over polish.
The eventual price may be shaped directly by the dwelling’s condition, including the age of the kitchen and bathroom, the flooring, and any renovation work. Orientation of the living areas and the house’s position on the block might affect perceived comfort in a climate with hot summers. These should be weighed against the value of the underlying land.
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Wallace Street, Swan Hill VIC 3585
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Swan Hill is a regional Victorian centre on the Murray River, positioned below Melbourne and regional Victoria medians. Demand comes from local families, younger professionals and investors seeking yields of 5.2% for houses and 6% for units. House prices are $485,000–$498,000, with 1.5–1.6% annual growth and 38–54 days on market: steady but subdued. Sales volume is 183 houses a year, while supply is tight at 12–14 listings. Future growth depends on population gains and regional migration, but affordability is constrained: prices near $500,000 stretch local earning capacity. Rate sensitivity shows in quarterly unit moves, and the market lacks strong price momentum. Murray River and transport links remain structural advantages.
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PropCred Estimated Value
Comparable Sales: 33 Wattie Street, Swan Hill sold at $208,000 | Property Price Band: $300K–$400K | Value Drivers: land size, dwelling condition, level of updating
Bedrooms
3
Bathroom
1
Parking
2
Land
725m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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