1230 Plenty Road, Bundoora VIC 3083
1230 Plenty Road, Bundoora VIC 3083
3-bed house on 568m² | Plenty Road tram corridor | practical family floorplan | single-level potential | arterial road trade-off
The property is positioned as a solid entry point into Bundoora’s detached house market. Its 568m² landholding is considered substantial for the corridor, offering scope for future reconfiguration or extension. The house is understood to suit first home buyers, young families, and investors seeking a low-maintenance footprint with three separate bedrooms. Proximity to tram access, universities, and local schools is consistently valued by this buyer group. The single-level layout is seen as a practical advantage for downsizers as well. Within a suburb characterised by mixed housing stock, this property stands out for its land-to-dwelling ratio rather than for any premium finishes.
The value may be influenced by the condition and presentation of the dwelling, as finishes are not known to be recently upgraded. The busy arterial frontage might temper appeal for some owner-occupiers despite access convenience. The land size is likely to be viewed as offering optionality for future extension. Market sentiment for well-located houses may provide support, though the outcome could depend on how the property is perceived against more polished alternatives.
Detailed Independent Property Report prepared by PropCred Analyst team for 1230 Plenty Road, Bundoora VIC 3083
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
This suburb is an established family market with high owner-occupancy, indicating demand from owner-occupiers rather than investors. House prices range from $855,000 to $900,000, with annual growth between 0.8% and 4.4%; units are softer at $426,000–$515,000, with growth from –2.7% to 3.0%. Days on market span 26 to 56, and annual house sales of roughly 340–370 point to a liquid but uneven market. Rents are steady: houses at $590–$600 per week, units at $500, yielding 3.4%–3.7% for houses and about 5% for units. Future growth depends on sustained owner-occupier demand; affordability at current house prices and the weak unit segment are the main constraints.
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PropCred Estimated Value
Comparable Sales: 1238 Plenty Road sold at $810,000 | Property Price Band: $600K–$700K | Value Drivers: land size, presentation, arterial location
Bedrooms
3
Bathroom
1
Parking
1
Land
568m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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