16 Browns Parade, Wendouree VIC 3355
16 Browns Parade, Wendouree VIC 3355
3 bed 1 bath 2 car | 782m² detached | older family stock | school catchment | active rental market
This property offers a generous land holding of 782 square metres, which is toward the larger end for its suburb and provides rare scope for extension, redevelopment, or simply a substantial backyard. As a detached house with three bedrooms, one bathroom, and double car accommodation, it sits comfortably within the traditional family housing profile of Wendouree, an established area known for its stable streets and practical amenity. The configuration is best suited to first-home buyers seeking a long-term base, or downsizers who value single-level living without sacrificing outdoor space. Its presence in a likely primary and high school catchment strengthens appeal for young families, while the modest size keeps maintenance manageable. The property is positioned to serve owner-occupiers who prioritise land and location over polish, making it a competitive choice in a market where similar stock is well received.
The property’s value may be shaped most by its building age and condition, as older construction often requires budgeting for updates to kitchen, bathroom, or heating systems. The large land component might justify a premium for buyers who intend to renovate or add floor space, but it could also mean higher ongoing upkeep. Rental demand appears steady, with potential yields around the high three percent range, which may attract investors. The absence of recent comparable sales on the immediate street creates some uncertainty, so the final price should reflect the balance between land scarcity and the need for modernisation.
>> Comparable Sales: 58 Browns Parade sold $600k, 24 Browns Parade sold $470k | Property Price Band: $500k–$600k | Value Drivers: land size, condition, location
Detailed Independent Property Report prepared by PropCred Analyst team for 16 Browns Parade, Wendouree VIC 3355
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Wendouree, a 9.6 sq km suburb in Ballarat with ample parkland, draws demand from a younger cohort-adults in their 20s and childless couples in trade roles-with owner-occupancy moderate. A substantial renter share underpins investor interest. House prices have climbed 13% annually to a median of $485,500, with median days on market of 22; units rose 5.49% to $360,000; 303 house sales over the year signal liquidity. Five-year gains of 37.62% for houses and 50.04% for units confirm strong momentum. Yet supply is tightening, with stock down 60.53% year-on-year, and household earnings below the regional average, capping affordability and price growth.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
792m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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