13 Boolite Street, Eynesbury VIC 3338
13 Boolite Street, Eynesbury VIC 3338
4-bed family home with study | solar panels | 4 car spaces | above-average land & building size | no overlays
This property presents a competitively strong offering for a family buyer, defined by its practical scale and modern inclusions. Its 612-square-metre lot and 332-square-metre building footprint are materially larger than typical Eynesbury stock, providing tangible space advantage. The configurationfour bedrooms, a dedicated study, and four car spacesdirectly serves the family segment, while solar panels and the absence of bushfire or flood overlays reduce ongoing costs and perceived risk. It is positioned in a stable residential zone with proximate primary schooling, aligning with core location drivers for its target demographic.
The decision hinges on pricing against recent suburb softening, where median values have contracted. Your offer must discount for this macro trend and the property’s days on market. The commercial logic is securing a well-appointed, low-risk family home at a price that banks on long-term utility over short-term growth. Given its rental yield estimates are consistent with suburb averages, it can service debt effectively if required. Proceed with a disciplined bid below the lower end of the listed range to buffer against the subdued local market.
Recent sales data provides context, though precise figures for direct comparables are not publicly listed. The property last sold for $675,000 in December 2020. Given the current asking range of $785,000 to $850,000, this implies a significant appreciation period. However, this must be weighed against the reported suburb median price for a four-bedroom house of approximately $703,000 and the suburb’s recent negative growth trend. This discrepancy suggests the listing is ambitiously priced, and your negotiation should be anchored to the lower quartile of recent achievable sales, not the vendor’s aspiration.
Detailed Independent Property Report prepared by PropCred Analyst team for 13 Boolite Street, Eynesbury VIC 3338
Checks found:
Value Risk
!
1
Liquidity Risk
✓
Planning Risk
✓
Income Risk
✕
2
Execution Risk
✕
2
Market Insight
Eynesbury is a family-oriented suburb with a high rate of home ownership, positioned as an affordable entry point within commuting distance of Melbourne. Demand is driven by young families seeking home ownership, supported by household incomes well above the metropolitan average. The market has recently experienced a softening in house prices, with properties taking a moderate time to sell. Future growth is underpinned by this demographic foundation, though sensitivity to mortgage rates is a noted consideration given the high proportion of owners with loans.
PropCred Estimated Value
Bedrooms
Bathroom
Parking
4
Land
612m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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