12 Nowlan Street, Gisborne VIC 3437
12 Nowlan Street, Gisborne VIC 3437
4 bed family house | Gisborne commuter belt | 2 car garage | broad family block | first home and upgrader appeal
The property presents as a straightforward 4 bedroom, 2 bathroom, 2 car family house, a configuration that is strongly in demand across Gisborne given the suburb’s buyer base of first home owners and young families. It is a single storey detached house, which suits the local preference for easy living and low maintenance. The two car garage is a practical advantage over many competing listings, and the house sits within a suburb that offers freeway access, making it realistic for commuters seeking a balance between regional space and urban reach. This is the type of property that works well for a family wanting a solid, usable house in a stable residential area without premium frills, and it should attract genuine interest from buyers looking to secure a foothold in the Macedon Ranges.
The asking range positions this house below much of the recent family stock in the area, which might reflect a smaller than typical block, a plainer finish, or a need for modest updating. Condition will matter most here; a well kept interior and tidy presentation could support a price near the higher end, while deferred maintenance or dated kitchen and bathroom fittings might push value toward the lower range. The slower average selling time in Gisborne suggests buyers have choices, so patience and a willingness to compare similar properties are sensible. Land size, orientation, and the quality of the rear yard are likely to be the factors that separate this property from others in the same band.
Detailed Independent Property Report prepared by PropCred Analyst team for 12 Nowlan Street, Gisborne VIC 3437
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
This suburb is a mid-priced market with houses trading at a significant premium to units; median house price is $960,000-$1,000,000, while units are $547,500-$610,000. Annual growth ranges from -1.8% to 9.9% for houses and -2.6% to 8.0% for units across sources. The house gross rental yield of 3.44-4.23% versus 4.73% for units points to owner-occupier-led demand. Days on market for houses span 64 to 146, while annual sales volume runs from 61 to 253, indicating a thin but active market. Price momentum is uneven, with some sources recording near-double-digit growth and others modest falls, and the 146-day selling time for houses signals softening. Key risks include negative growth in one house series and two unit series, plus extended listing durations.
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PropCred Estimated Value
Comparable Sales: 4 bed 2 bath on 799m² sold near $915,000; 3 bed 2 bath on 756m² sold in the mid $800s | Listed Price Band: $800,000–$900,000 | Value Indicator: land size, presentation, and layout balance.
Bedrooms
4
Bathroom
2
Parking
2
Land
504m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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