117 Cambridge Cres, Wyndham Vale VIC 3024
117 Cambridge Cres, Wyndham Vale VIC 3024
3 bed 1 bath 1 car | 539 sqm block | established street | family-friendly pocket | scope to add value
This property holds a genuine edge through its land size. At 539 sqm, it sits at the generous end of what Cambridge Crescent offers, and that translates into real flexibility for a growing family or an investor looking to hold long-term. The layout is straightforward and practical—separate dining, covered alfresco, and a large backyard that invites outdoor living or future improvement. It sits comfortably within a street of similar detached homes, so the character is consistent and low-risk. The strongest appeal is to first-home buyers wanting space without paying a premium for modern finishes, and to investors seeking steady rental demand in an established pocket with schools, transport, and shopping close by.
The value picture may hinge on the home’s older specification and the absence of any major renovation. Buyers might factor in potential costs for updating the kitchen, bathroom, or flooring, which could affect how much they are willing to pay upfront. The large block, however, may offer opportunities for extension or redevelopment subject to council approval, and that optionality might support a stronger price than the dwelling alone would justify. Condition and presentation will likely play a central role in how the final price lands.
Detailed Independent Property Report prepared by PropCred Analyst team for 117 Cambridge Cres, Wyndham Vale VIC 3024
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Wyndham Vale, 31km southwest of Melbourne, remains a family-oriented, master-planned suburb with modern homes, parks and schools. Demand is driven by couples with children and a young demographic, with professionals, clerical workers and tradespeople prominent. House prices sit around $605,000 to $610,000, with annual growth between 3.3% and 5.2%, though a recent quarterly decline of 1.1% signals some cooling. Houses sell in roughly 32 to 56 days, supported by solid sales volumes, with weekly rents near $450 and gross yields around 3.8% to 3.9%, still below Melbourne averages. The unit market is thinner: median prices range from $415,000 to $487,500, with one source showing a 7.7% annual fall, and limited sales activity. Rental demand is firmer, however, with unit rents up 10% and house rents up 6.8% year-on-year. Future growth rests on continued family demand, transport infrastructure and school proximity, yet constraints remain: house price growth is trailing the Melbourne average by over 40%, yields are roughly 28% lower for houses and 31% lower for units, and affordability pressures persist.
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PropCred Estimated Value
Comparable Sales: 135 Cambridge Cres sold $570k–$600k range, 94 Cambridge Cres sold $505k three years ago | Property Price Band: $500k–$600k | Value Drivers: land size, functional layout, scope for renovation or extension
Bedrooms
3
Bathroom
1
Parking
1
Land
539m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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