19 Epping Drive Wyndham Vale VIC 3024

19 Epping Drive Wyndham Vale VIC 3024
3-bed contemporary house | 225mΒ² block | Riverbend Primary catchment | recently transacted This house presents a competitively priced entry into a high-clearance suburb, with its recent sale and immediate rental listing demonstrating strong liquidity. The configuration is standard for the area, but its immaculate condition and position within the sought-after Riverbend Primary zone offer a relative edge for a buyer targeting stable tenant demand from young families. It serves as a straightforward investment, aligning with suburb medians. The primary risk is purchasing immediately after a rapid valuation increase, evidenced by the May 2024 sale and current estimate, which may compress short-term equity gains. The modest rental yield suggests cash flow over capital growth. Proceed only if the price aligns with verified recent sales, not estimates. A Propcred report would pressure-test this valuation, detail title checks, and identify locality-specific insurance or zoning exposures. Nearby sales establish a credible price bracket: 15 Epping Drive is marketed between $530,000 and $550,000, while this property was previously listed at $520,000. This context suggests the estimated $530,000 current value is anchored in immediate market activity, though the May purchase at $450,000 indicates volatility. Buyers should negotiate within the $520,000 to $550,000 range demonstrated by direct comparables.

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

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Market Insight:

Wyndham Vale is a master-planned, family-oriented suburb with strong demand from young families, evidenced by its demographic profile. This cohort is driving a robust owner-occupier market for houses, supported by solid sales activity and rising rental demand. Recent house price growth has been moderate, though it trails the broader metropolitan average, while the unit market remains subdued with limited activity. Future growth is underpinned by its family-friendly amenities and infrastructure, but key risks include lower relative rental yields and price growth performance compared to Melbourne.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

1

Land

225mΒ²

Assessments Delivered Today

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