20 Pro Hart Drive, Baranduda VIC 3691
20 Pro Hart Drive, Baranduda VIC 3691
Modern family home | established rental income | bushfire overlay noted | dual living zones
This property is competitively positioned as a modern, low-maintenance family home in a sought-after Baranduda location, offering immediate rental income of $590 per week with a tenant in place until September 2026. The 607sqm block with a 249sqm floorplan provides generous space, while the multiple living zones, master suite with walk-in robe and ensuite, and landscaped entertaining area appeal strongly to owner-occupiers seeking a turnkey residence. For investors, the existing lease and potential for rent increases from November provide a clear cash-flow advantage, making this suitable for both families and investors prioritising immediate returns.
The bushfire overlay is a specific risk that may affect insurance costs and future development potential, though no flood or heritage constraints are present. The propertyโs reliance on NBN Fibre to the Node is a minor limitation but not a prime value driver. With an estimated value of $740,000 and a current asking price of $759,000, the buyer should negotiate from a position of caution, leveraging the tenantโs existing lease and the overlay to seek a discount. This property is best held as a long-term rental or occupied immediately, with the tenant providing a stable income stream while the buyer evaluates future owner-occupation.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Baranduda presents as a family-oriented suburb with strong purchaser activity, primarily driven by young families seeking established community living. Demand is anchored by a significant proportion of households with children, supported by local schools. Recent market conditions indicate solid price growth with competitive yields, though sales volumes remain moderate. Future growth is underpinned by its demographic profile, while constraints include limited stock availability and potential sensitivity to broader market adjustments.