11 Worrall Street, Burwood VIC 3125
11 Worrall Street, Burwood VIC 3125
4-bed house on substantial land | single bathroom vs local norms | 1983 last sale | guide below estimated value | Burwood location
This property presents a clear value proposition through its land size and rarity of a four-bedroom house in Burwood, serving families seeking space over modern finishes. Its single bathroom is a functional disadvantage against area comparables, yet the deep backyard and established greenery offer immediate livability with documented renovation potential. The auction guide sits notably below the estimated market range, indicating a competitive entry point for buyers prepared to update.
The primary risk is capital being directed into mandatory bathroom upgrades to align with area standards, while the 1983 sale history obscures true market calibration. A strategic buyer would secure this property at guide pricing, budget for a second bathroom, and leverage the substantial allotment for long-term appreciation. Our property report validates this pricing gap, details locality risks, and provides the renovation cost framework essential for this purchase.
Nearby listings show 12 Bennett Street, a four-bedroom house on 701m², has an auction guide of $1.4m-$1.54m. 51 Andrews Street, a five-bedroom house on 839m², is priced $1.45m-$1.595m. This confirms the subject property’s guide is positioned competitively for its land parcel, though its single bathroom configuration places it at a discernible discount to these functional family homes.
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Worrall Street, Burwood VIC 3125
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Burwood presents as a young, family-oriented suburb with strong infrastructure links, where demand is driven by its established residential character. Recent market conditions show robust house price growth, though unit performance is more varied with some softening in quarterly figures and extended selling periods. Key future drivers include sustained high auction clearance rates, while risks centre on affordability pressures and a notable recent contraction in sales volumes, indicating potential supply and demand rebalancing.
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PropCred Estimated Value
Bedrooms
4
Bathroom
-
Parking
-
Land
864m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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