230 West Street, Glenroy VIC 3046
230 West Street, Glenroy VIC 3046
Mid‑1960s brick veneer | 781 m² block | redevelopment potential | original owner since 1964
This property is a solid mid‑1960s brick‑veneer house on an unusually large 781 m² allotment, a size that stands out in Glenroy’s established residential fabric. The original‑owner history and single‑family tenure since 1964 suggest consistent maintenance and no speculative alterations. The deep rectangular lot and development potential, subject to council approval, make this property particularly suited to buyers seeking land‑banking opportunity or future subdivision, as well as owner‑occupiers wanting yard space and flexibility. Its 3‑bedroom, 1‑bathroom layout is typical for the era but the land content is the primary competitive advantage.
The house’s mid‑1960s age and unrenovated condition may require updating, which could affect immediate livability and financing options. The need for council approval introduces planning uncertainty for redevelopment, and the single bathroom and car space may limit appeal to some families. Buyers should weigh the cost and timeline of any upgrades or approvals against the land’s long‑term value. Rental yield potential may be modest compared to smaller attached stock, given the property’s larger land component and older finishes.
Detailed Independent Property Report prepared by PropCred Analyst team for 230 West Street, Glenroy VIC 3046
Checks found:
Value Risk
!
1
Liquidity Risk
✕
2
Planning Risk
!
1
Income Risk
✕
2
Execution Risk
!
1
Glenroy VIC 3046
Glenroy is a well-connected northern suburb experiencing steady demand from both families and investors, drawn by its mix of established and new housing, strong transport links, and proximity to the city and airport. The market shows solid growth, with houses and units appreciating at a healthy pace, supported by consistent sales volume and competitive days on market. Future demand is underpinned by its established infrastructure and evolving residential appeal, though its ongoing growth is subject to broader economic conditions influencing buyer sentiment.
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
781m²
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Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst