11 Silverback Place, Leongatha VIC 3953

11 Silverback Place, Leongatha VIC 3953
Quiet cul-de-sac | walk to schools | 754m² landscaped | separate formal lounge This house presents a competitively strong offering within its immediate locale, defined by its generous land parcel in a quiet, family-oriented position. The configuration of three bedrooms, including a master suite, combined with both open-plan and separate formal living areas, creates a practical floor plan that serves owner-occupiers, particularly those with school-aged children, exceptionally well. Its proximity to primary and secondary schools on foot is a tangible lifestyle advantage that underpins enduring demand. The recent updates to fixtures and fittings, alongside quality inclusions like plantation shutters and reverse-cycle air conditioning, signal a property that has been maintained above the baseline, reducing immediate capital needs for a buyer. The decision hinges on reconciling the listing price with the provided estimated valuation and recent sales history. The premium being asked requires justification against comparable sales, which are noted as available but unspecified in the data, representing a critical information gap that must be closed. The 2021 sale at $522,000 demonstrates significant appreciation, and while the 2020 rental of $400 per week is historic, it provides a low baseline for yield calculation. For a buyer, the primary risk mechanism is overpaying against the suburb’s current value trajectory without verified, recent comparable evidence. The opportunity lies in securing a well-positioned, turn-key family home in a stable precinct, provided the price aligns with demonstrable market evidence. Proceed only with a current, independent valuation and a clear understanding of recent sales on similar lots to validate the asking figure.
Detailed Independent Property Report prepared  by PropCred Analyst team for 11 Silverback Place, Leongatha VIC 3953
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Market Insight:

This suburb presents a mixed market, with house prices experiencing recent pressure while units show stronger momentum. Demand appears anchored by investors seeking solid rental yields, with the unit segment offering particular value. The extended time properties spend on market indicates a selective buyer pool and potential affordability constraints. Future performance will hinge on broader economic factors influencing buyer sentiment and the balance of supply.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

-

Land

754m²

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