11 Tooradin Avenue, Dallas VIC 3047
11 Tooradin Avenue, Dallas VIC 3047
4 bed, 1 bath, 558 m² | original brick veneer | renovation-ready | tight rental demand | established family pocket
This is a classic renovation play in a suburb where older detached houses on usable land are the norm. The four-bedroom layout is genuinely useful for a family, and the single bathroom is the main functional limitation, but that is typical of the era and not a dealbreaker for buyers planning work. On a 558 m² block, there is enough room for extension or reconfiguration, subject to council, which gives the next owner real optionality. The property sits in a pocket of Dallas where demand is steady and vacancy is low, so even in original condition it appeals to investors and owner-occupiers who see the upside in sweat equity. It serves best a buyer who is comfortable with a project and wants to build value through renovation rather than pay a premium for someone else’s finishes.
The condition is the single biggest factor in how this property is priced. Being sold as-is and where-is, the house may require significant capital outlay before it is comfortably habitable, and that cost should be weighed against the land value and the finished potential. The absence of modern heating, cooling, or kitchen fitouts might limit immediate rental return or owner-occupier comfort, though the strong rental signal in the suburb suggests a tenant could still be found. The 1960s build era, inferred from the street pattern, means wiring, plumbing, and insulation may need attention, and that can influence how much a buyer is willing to bid. The land size and the four-bedroom configuration are the durable strengths; the house itself is the variable.
|| Comparable Sales: 32 Kilmore Crescent sold $450,000 in 2018 on 720 m²; 13 Tooradin Avenue valued near $589,000 on 570 m² | Property Price Band: $550,000–$650,000 | Value Drivers: land size, renovation potential, four-bedroom layout
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Tooradin Avenue, Dallas VIC 3047
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Dallas offers an affordable entry point to Melbourne’s northern corridor, with a mix of established and newer housing attracting a diverse buyer base. Demand is driven by families and investors seeking value, supported by solid annual price growth across both houses and units. The market demonstrates healthy turnover, with houses moving more briskly than the broader average. Future performance will hinge on continued affordability and the evolution of local infrastructure, though supply from new developments presents a key dynamic to monitor.
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PropCred Estimated Value
Comparable Sales: 32 Kilmore Crescent sold $450,000 in 2018 on 720 m²; 13 Tooradin Avenue valued near $589,000 on 570 m² | Property Price Band: $550,000–$650,000 | Value Drivers: land size, renovation potential, four-bedroom layout
Bedrooms
4
Bathroom
1
Parking
2
Land
558m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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