24 Avignon Street, Wollert VIC 3750
24 Avignon Street, Wollert VIC 3750
Corner position | near-new 2024 build | 300m² internal | 3m ceilings & double-glazing | 4.1% yield potential
This property presents a compelling proposition for a buyer seeking a modern, high-specification family home in a growth corridor, distinguished by its above-standard construction and immediate livability. Its 300-square-metre internal footprint, ducted climate systems, engineered flooring, and double-glazed windows represent a specification level exceeding typical new builds in Wollert, translating to superior comfort, energy efficiency, and lower immediate maintenance costs. The corner block enhances street presence and natural light. It is ideally suited for an owner-occupier family prioritising proximity to primary schools and parklands, or for an investor targeting long-term capital growth in a developing area with stable rental demand underscored by a yield aligning with suburb averages.
Proceed with the understanding that the listed price range sits approximately 7-15% above current estimated market valuation, presenting an immediate negotiation risk against recent sales evidence. The primary financial exposure is overpaying in an outer-suburb market susceptible to sentiment shifts; your offer must be anchored by comparable sales data, not listing aspirations. The commercial logic lies in acquiring a near-new property where the premium for condition and quality is justified over a 7-10 year hold, avoiding renovation outlay and capturing growth as the estate matures. Secure this property only within or below the estimated valuation band, as a long-term hold for either occupancy or rental.
Detailed Independent Property Report prepared by PropCred Analyst team for 24 Avignon Street, Wollert VIC 3750
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Wollert is a high-growth family suburb in Melbourne’s outer north, positioned as an affordable entry point with strong transport links. Demand is driven by young families and first home buyers seeking larger homes, supported by steady rental yields attracting investors. Recent price growth reflects this sustained demand, with a balanced sales market. Future growth is underpinned by ongoing infrastructure development and population influx, though increasing supply and sensitivity to interest rates present moderating influences on price appreciation.
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PropCred Estimated Value
Bedrooms
4
Bathroom
3
Parking
2
Land
475m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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