23 Patison Court, Drouin VIC 3818
23 Patison Court, Drouin VIC 3818
Six-bed layout with separate unit | ~5,800 sqm lifestyle block | Elevated master with views | Colorbond shed with power | Quiet court position
A six-bedroom footprint is split across a main house and a self-contained two-bedroom unit, on an allotment of roughly 5,800 sqm. The upper-level master suite is positioned to capture elevated views, and a Colorbond shed with power and lighting is provided for workshop or storage. Freshly painted, with woodfire heating, split-system cooling, security screens, and quality finishes, the house is presented as solid and move-in-ready. Multi-generational and extended families are best served by this configuration, as are buyers wanting independent income potential. It is one of the larger, more flexible listings in Drouin.
Value may be influenced by the bushfire overlay understood to apply to parcels in this pocket, so insurance options and planning requirements might need to be confirmed early. A higher ongoing maintenance expectation might also be carried by the large allotment and ancillary structures, and the price position could be measured against what buyers are prepared to pay for self-contained secondary accommodation in a commuter suburb. Land size and the flexibility of the layout are likely to be the strongest drivers of comparison.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Patison Court, Drouin VIC 3818
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Drouin’s market is defined by rapid residential expansion, headlined by estates such as Jackson’s View adding 450-plus blocks, while demand is driven by a middle-to-upper income cohort earning roughly $78,000–$130,000. Houses command a median near $650,000 with annual growth of 4.8–5.8%, yet units lag at about $455,000–$465,000 with growth barely above 1%. Rental demand favours houses: weekly house rents sit around $550–$560, up 10% year-on-year, whereas units hold at $418–$450. Gross yields are tighter for houses at 4.14% versus units at 5.15%. Houses clear in 41–46 days, notably faster than units, which take about 55 days, and they also outsell units 366–455 times annually. Future growth hinges on continued land releases feeding supply, but that same pipeline, plus slower unit turnover relative to neighbouring Warragul, caps upside for attached housing.
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PropCred Estimated Value
Comparable Sales: 16 Patison Court sold $715,000 on 4,001 sqm | Listed Price Band: $1.3M–$1.4M | Value Indicator: land size, self-contained unit, condition
Bedrooms
6
Bathroom
3
Parking
4
Land
1.42 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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