24 Furness Close, Wyndham Vale VIC 3024

24 Furness Close, Wyndham Vale VIC 3024
4-bedroom family house | Wyndham Vale | 402sqm block | 55% building coverage | strong rental demand The property’s 55% building coverage on a 402sqm block is unusually efficient for this price point, giving a 223sqm floorplan that competes with newer builds on larger lots. Its position within a 65% owner-occupied street signals stable neighbourhood character, which supports long-term value retention. This house is best suited to a family buyer seeking immediate space without paying a premium for excess land, or an investor targeting the 3.6% rental yield in a suburb with 3.9% annual growth. The main risk is the 2017 last sale date, meaning any capital gains since then are untested in current market conditions. The 51% auction clearance rate in Wyndham Vale suggests softer demand for this price tier, so a negotiated purchase outside auction may offer better value. The FTTP connection is a practical advantage for remote workers. Hold this property for at least five years to capture the suburb’s growth trajectory, or rent it out for consistent cash flow while land value appreciates.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Wyndham Vale is a master-planned, family-oriented suburb with strong demand from young families, evidenced by its demographic profile. This cohort is driving a robust owner-occupier market for houses, supported by solid sales activity and rising rental demand. Recent house price growth has been moderate, though it trails the broader metropolitan average, while the unit market remains subdued with limited activity. Future growth is underpinned by its family-friendly amenities and infrastructure, but key risks include lower relative rental yields and price growth performance compared to Melbourne.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

403mยฒ

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