23 Princess Street, Maffra VIC 3860
23 Princess Street, Maffra VIC 3860
Detached house | central Maffra | established residential | character potential | manageable block
This property is understood to be a detached house situated on a residential lot within Maffra’s established central area. Its location near the main street and local services is a genuine convenience advantage. The house is expected to reflect a single-level, older-built form, with original character traits such as timber floors and period cabinetry likely retained in part. For a buyer seeking an affordable entry into a regional town, this represents a rare combination of centrality, private land, and improvement potential. It is likely to suit owner-occupiers after a first home or downsizers wanting easy access to the town centre, as well as investors looking for a dependable rental holding.
Condition and renovation level may materially affect value, with a modernised interior likely to attract stronger interest. The amount of usable land and any rear shed or outdoor space might also influence price, as these add functional flexibility. Buyers should weigh the property’s period character against the cost of updating an older dwelling, as this balance will ultimately shape its market position.
>> Comparable Sales: 3/9 Princess Street at $630,000 | Property Price Band: $600,000–$700,000 | Value Drivers: condition, land size, presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Princess Street, Maffra VIC 3860
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Maffra, a regional Victorian suburb, records 92–112 house sales annually, with demand driven by gross rental yields of 5.08% for houses and 5.72% for units. Median house prices span $440,750–$475,000, with annual growth of 2.5–7.0%; units range $327,324–$380,000, with growth up to 13.4% on recent measures. Houses average 40–76.5 days on market, indicating moderate supply. Future growth depends on sustained rental demand, though affordability constraints emerge as price growth outpaces yields, and moderate supply may cap upside.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
-
Land
893m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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