170 Macleod Street, Bairnsdale VIC 3875
170 Macleod Street, Bairnsdale VIC 3875
1960s brick veneer | 778sqm block | 29% building coverage | Bairnsdale school zone
The 225sqm floor plan on a 778sqm block with only 29% building coverage is the strongest structural advantage here, offering rare expansion headroom in a tightly held Bairnsdale location. The three well-sized bedrooms and central bathroom configuration suit both a family buyer and a rental investor seeking a straightforward hold. Zoning to both primary and secondary schools, plus absent bushfire and flood overlays, reduces due diligence friction. This property best serves a buyer wanting a liveable entry point with a clear path to add value through a rear extension or subdivision feasibility study.
The 1960s build carries deferred maintenance risk that an investor must quantify before exchange, particularly the central bathroom and likely original electricals. The alternative valuation of $381,000 signals potential overpricing relative to condition, so a pre-purchase building inspection is non-negotiable. The rental midpoint of $460 per week implies a gross yield near 5.2% at the lower end of the price range, which is acceptable for regional Victoria but not exceptional. Hold this property as a renovation-and-hold play, targeting a 10-15% equity gain through cosmetic updates and a rear studio addition.
Detailed Independent Property Report prepared by PropCred Analyst team for 170 Macleod Street, Bairnsdale VIC 3875
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Bairnsdale presents as an established regional market with a mature demographic profile, where outright home ownership is common. Demand is underpinned by professionals and service sector workers, with the market showing steady, moderate house price growth supported by solid rental yields. While houses transact at a measured pace, the unit segment offers higher yield potential. Future growth will rely on broader regional economic drivers, with the market’s sensitivity to interest rates and its older population demographic representing considerations for prospective buyers.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
778m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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