23 Angus Street, Clunes VIC 3370
23 Angus Street, Clunes VIC 3370
Modern build on large block | Clunes family zone | Low competition | Bushfire overlay noted
The property at 23 Angus Street presents a rare combination in Clunes: a contemporary 2012 build on a substantial 782 mยฒ lot, which immediately distinguishes it from the older housing stock that dominates the suburb. Its size and condition position it well above the local median, and the 95% owner-occupied street profile suggests stable, low-turnover neighbourhood dynamics that support long-term value retention. For a family buyer seeking a move-in ready home with space, or an investor targeting the rental market at around $450 per week, this property offers a competitive edge in a market where supply of modern housing is limited. The school proximity and reliable NBN connection are supporting conveniences, not prime drivers.
The bushfire overlay is the primary risk and should be factored into insurance costs and any future landscaping plans. The propertyโs building coverage of only 25% leaves considerable land for extension or shedding, though the 7m roof height may limit upper-level additions. With the last sale at $462,000 in 2018 and current estimates clustering around $580k-$605k, the buyer is paying for recent market growth and the scarcity of modern stock. There is no flood or heritage overlay to complicate ownership. Hold this property for at least five years to ride out the current cycle and benefit from Clunesโ gradual demand growth as a commuter and lifestyle alternative.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 23 Angus Street, Clunes VIC 3370
Market Insight:
Clunes presents a balanced market where supply currently exceeds demand, requiring realistic vendor pricing. Recent price trends indicate a softening market, with capital growth remaining constrained. While rental yields offer moderate returns, the primary risk is the limited scope for organic growth, as buyer leverage persists in a climate where sellers must be negotiable to secure a sale.