12 Wurrak Cres, Torquay VIC 3228
12 Wurrak Cres, Torquay VIC 3228
3 bed 2 bath 2 car | 105m² on 1.02 acres | bushfire overlay | solar panels | FTTP NBN
A 3-bedroom, 2-bathroom, 2-car townhouse on a 1.02-acre lot is a rare combination in Torquay, offering a compact home with substantial land. The 105m² building size and 3% site coverage suggest low-maintenance living with space for outdoor use, while solar panels and Fibre to the Premises NBN add practical value. This property is best suited to owner-occupiers seeking a coastal lifestyle with room to garden or extend, given the large block. Its configuration aligns with family-oriented stock, and the asking range sits below typical coastal prices, making it competitive for buyers wanting land without a large house.
The bushfire overlay may affect insurance costs and building requirements, which should be weighed against the property’s appeal. The land size inconsistency between sources—1.02 acres versus 136m²—suggests a possible data error that could influence perceived value, so verification is advised. The 2020 sale at $250k indicates significant price growth, but current market conditions and the compact building size might limit upside compared to larger homes. The rental yield of 2.52% is modest, typical for coastal markets where purchase prices outpace rent growth.
Detailed Independent Property Report prepared by PropCred Analyst team for 12 Wurrak Cres, Torquay VIC 3228
Checks found:
Value Risk
✕
2
Liquidity Risk
!
1
Planning Risk
✓
Income Risk
✓
Execution Risk
✕
2
Torquay VIC 3228
Torquay’s property market presents a clear divergence, with houses demonstrating stable demand and moderate growth, while the unit segment faces recent price adjustments. Demand is anchored by established homeowners and coastal lifestyle seekers, supported by consistent sales activity. The market operates at a measured pace, with houses transacting more readily than units. Future growth is underpinned by sustained appeal as a coastal destination, though affordability pressures and sensitivity to broader economic conditions remain inherent constraints.
PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
1.02 acres
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Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst