14 Asquith Res, Warracknabeal VIC 3393
14 Asquith Res, Warracknabeal VIC 3393
Detached house on reserve frontage | regional town setting | likely three-bedroom family layout | slower resale market | school-zoned catchment
This property sits on the fringe of a reserve, which gives it a quieter, more open feel than standard street-frontage houses in the township. The configuration is typical of regional detached stock, likely a three-bedroom brick or weatherboard home on a decent block, which suits local owner-occupiers or downsizers wanting single-level living without metropolitan prices. Its position near the reserve adds a subtle lifestyle advantage, and the school catchment to the local primary and secondary college broadens its appeal to families. For a buyer seeking affordable regional housing with reasonable space and a stable neighbourhood, this house offers a practical entry point that aligns with the area’s low-density character.
The value may be shaped by the age and condition of the dwelling, as older regional homes often require updating to meet modern expectations. The slower turnover in this market might mean more negotiation room, but it also suggests limited urgency for buyers. The reserve frontage could affect privacy or maintenance depending on how the land interfaces with public space. Any flood overlay, which appears in parts of the township, may factor into insurance costs and should be weighed when forming a price view. The absence of recent comparable sales on the same street leaves some uncertainty around precise pricing, so buyers should rely on broader local evidence.
Detailed Independent Property Report prepared by PropCred Analyst team for 14 Asquith Res, Warracknabeal VIC 3393
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
2
URL has been copied successfully!
Market Insight
Warracknabeal, a regional Victorian town, presents a high-yielding, low-entry market. The median house price is $250,000 with reported annual growth of 25.31%, though another source cites a listing median of $239,000 and a -7.73% annual change, highlighting volatility. Rental yields are strong at 7.62% against a 4.2% regional benchmark, supported by a tight 0.23% vacancy rate and a $330 weekly median rent. Demand is primarily investor-led, driven by this yield gap and low price point. Houses average 38–100 days on market, reflecting variable liquidity, while 63 sales over the year indicate modest turnover. Future growth constraints include thin unit activity and reliance on a lower-income demographic, while the extremely low vacancy rate underpins rental stability. No explicit infrastructure or key demand drivers are documented, leaving long-term prospects tied to broader regional dynamics.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: similar detached houses in Warracknabeal have sold in the $180,000–$250,000 range | Property Price Band: $180,000–$280,000 | Value Drivers: reserve frontage, land size, condition and renovation potential
Bedrooms
3
Bathroom
1
Parking
4
Land
1758m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!