1584 Larissa Road, Yarroweyah VIC 3644

1584 Larissa Road, Yarroweyah VIC 3644
Lifestyle property | 21ha lot | 4 bed house | Multiple garaging | Priced below estimated value This property presents a distinct value proposition based on its significant landholding and improved pricing position. The substantial 21-hectare lot defines it as a true lifestyle holding, suitable for buyers seeking space, privacy, or operational flexibility, supported by extensive covered parking for vehicles or equipment. Its current asking price sits notably below the automated valuation estimate and only marginally above its purchase price from five years ago, suggesting a potential market entry point for a buyer whose needs align with a rural residential footprint. The primary decision hinges on reconciling the divergent lot size reports and understanding the driver behind the discounted sale price. The discrepancy between the 21-hectare and approximate 10-hectare listings requires immediate clarification, as it represents a fundamental variance in asset scale and value. A buyer must investigate whether this reflects a subdivision, a data error, or marketing inconsistency. Proceed with a strategy to validate the exact title dimensions, while our property report can precisely benchmark this holding against real market movements and detail locality-specific risk factors for informed acquisition.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Yarroweyah presents as a small, established rural community with a mature demographic profile, where demand is primarily driven by owner-occupying couples seeking detached housing. The market has experienced a notable softening, with house prices declining significantly over the past year, indicating a period of correction. While rental yields are solid and vacancy is very low, suggesting a tight rental market, the suburb’s future growth is constrained by its small scale and limited sales activity, which can lead to price volatility.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

6

Land

10.11 ha

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