12 Portland Avenue, Truganina VIC 3029
12 Portland Avenue, Truganina VIC 3029
4 bed, 3 bath, 112mยฒ build | 270mยฒ lot, Truganina | FTTP & 5G | No heritage or flood overlay
The property’s compact 112mยฒ footprint on a 270mยฒ lot is rare for a four-bedroom house in Truganina, giving a buyer a lower-maintenance holding with full residential zoning and no overlay constraints. The 41% site coverage leaves room for future extension or landscaping, and the 7m roof height suggests a standard double-storey layout that suits families who need bedrooms but not land. This property best serves a buyer prioritising low upkeep and school proximity over yard space.
The absence of sales history and off-market status introduces valuation uncertainty, with the $636,000 to $760,000 spread reflecting genuine market disagreement. A buyer should treat the lower end as the floor and negotiate hard, using the neighbour at 10 Portland Avenue at $702,000 as a closer comp given its larger building. The 2023 rental history at $585 per week supports a hold strategy if yield matters, but the property’s real opportunity is as a long-term family base in a growing corridor. Buy it for the configuration, not for quick resale.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Truganina is a family-oriented suburb with strong owner-occupier demand, evidenced by high sales activity. Recent price growth has been solid, particularly for units, though the market is less competitive than metropolitan averages, indicated by a lower clearance rate. Future growth is underpinned by its established residential character, while the primary constraint is the current higher level of available supply relative to buyer demand.