134 Woodland Street, Strathmore VIC 3041
134 Woodland Street, Strathmore VIC 3041
4-bed 2-bath house on 710m² | Woodland Street premium pocket | Large-lot family demand | Strathmore Secondary zone | Character street with renovation potential
This property is presented as a substantial detached house on a 710m² allotment, placing it within the larger-lot family segment of Woodland Street. A four-bedroom, two-bathroom, two-car configuration is consistently sought by families seeking space and school access. The street is regarded as established and leafy, with period homes and renovated family houses on comparable land sizes, supporting strong demand from upgraders and long-term buyers. Strathmore Secondary College zoning and station proximity are cited as genuine contributors to its appeal. The property is best suited to a family intending to occupy, renovate, or extend, given the land content and surrounding stock’s character.
The existing dwelling’s condition may materially affect the price formed, as the street supports a wide value range depending on renovation level. The landholding may offer redevelopment potential, subject to council planning. A renovation allowance may be required by buyers should the current finishes not justify a premium. A north-facing rear yard may also influence desirability.
>> Comparable Sales: 192 Woodland Street sold $2,330,000 | Property Price Band: $2.1M–$2.2M | Value Drivers: Land size, condition, renovation potential
Detailed Independent Property Report prepared by PropCred Analyst team for 134 Woodland Street, Strathmore VIC 3041
Checks found:
Value Risk
!
1
Liquidity Risk
!
1
Planning Risk
!
1
Income Risk
✓
Execution Risk
!
1
Market Insight
Strathmore, 10km northwest of Melbourne, is a family-oriented suburb with strong school zones and leafy, generous housing. Demand is driven by professionals aged 40–49, mostly degree-qualified, buying family homes. House prices are volatile: Woodards reports $1.55m, up 8.3%, while Property.com.au and Your Investment Property Mag show $1.518m and $1.5375m with annual falls of 8.0% and 6.53%; Jellis Craig puts houses at $1.73m, up 1.31% quarterly. Units range from $641k rising 3.4% (Woodards) to $869k up 5.7% (REIV). Days on market vary widely, from 37 to 101, and gross rental yields are low at 2.26%–3.7%. Sales volume is solid: about 141 houses, up 17.5% annually. Future growth rests on school catchments and transport links to the CBD, but affordability, rate sensitivity, and auction clearances between 53.9% and 73.3% remain constraints.
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
710m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst