14 Petrolo Street, Truganina VIC 3029
14 Petrolo Street, Truganina VIC 3029
4-bed house on 312sqm lot | built in 2021 | sold for $600k in 2023 | compact suburban format | family buyer appeal
This four bedroom house was built in 2021 on a compact 312 square metre lot, placing it within the newer detached stock found in Truganina’s growth estates. The configuration of four bedrooms, two bathrooms, and two car spaces is considered well-suited to family living, with the modern construction offering reduced upkeep demands. The property was sold in 2023, providing a recent transaction marker for buyers. It is best oriented toward owner-occupier families or first-home buyers seeking a contemporary suburban home, and it also holds appeal for investors drawn to family-oriented rental demand in a growth corridor. The limited land area may not suit those desiring extensive outdoor space, but it is consistent with the compact-lot product typical of this estate.
Value may be influenced by standard finishes and compact lot size, which are typical for this estate but do not support premium pricing. Infrastructure projects or school zone changes might affect future demand. These elements should be weighed when forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 14 Petrolo Street, Truganina VIC 3029
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Truganina is a family-oriented suburb with strong owner-occupier demand, evidenced by high sales activity. Recent price growth has been solid, particularly for units, though the market is less competitive than metropolitan averages, indicated by a lower clearance rate. Future growth is underpinned by its established residential character, while the primary constraint is the current higher level of available supply relative to buyer demand.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
312m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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