108-110 Hickox Street, Traralgon VIC 3844
108-110 Hickox Street, Traralgon VIC 3844
Large landholding | workshop and 11-car capacity | modern 2008 build | bushfire overlay | premium niche
This property stands apart from typical Traralgon housing through its combination of a 1,447 m² lot, a 193 m² dwelling, and an extraordinary 11-car parking setup with a dedicated workshop. The low 13% site coverage leaves substantial room for expansion, landscaping, or additional shedding. Built in 2008, it offers modern construction standards without the maintenance demands of older character homes. The bushfire overlay is the primary constraint, influencing insurance costs and potentially limiting certain development options. This house serves buyers who prioritise space, storage, and vehicle capacity—tradies, hobbyists, collectors, or families wanting a self-contained utility hub—over conventional suburban amenity.
The property’s value likely hinges on how the market prices its unique configuration relative to standard family homes. The workshop and garage capacity may command a premium from niche buyers, yet could narrow the pool of interested parties. The large land size offers future subdivision potential, subject to council approval and the bushfire overlay. Rental demand appears modest against the price point, suggesting owner-occupier appeal rather than investment yield. The mixed bedroom counts across listings may affect perceived value, so a physical inspection to confirm the actual layout is advisable.
Detailed Independent Property Report prepared by PropCred Analyst team for 108-110 Hickox Street, Traralgon VIC 3844
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
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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
Comparable Sales: 17 Hickox Street at $1.19M; 45 Hickox Street at lower standard range | Property Price Band: $1.3M–$1.4M | Value Drivers: land size, workshop capacity, modern build quality, bushfire overlay impact on insurability
Bedrooms
4
Bathroom
2
Parking
11
Land
1447m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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