24 Manifold Road, Woodend VIC 3442
24 Manifold Road, Woodend VIC 3442
3-bed brick veneer | 822 m² block | single-level family house | fully fenced lawn | established street
This property is positioned as a solid, practical family house in Woodend’s established residential market. The 822 m² block is generous for a single-level brick veneer, and the fully fenced rear yard with expansive lawn is uncommon in this condition. Most comparable houses have been subdivided or fully renovated. The front hedge offers privacy without isolating the street presence. It suits a family, a downsizer retaining outdoor space, or a buyer wanting a straightforward, uncomplicated house on a large block. The lack of strata or shared walls reinforces the detached-house feel, and the sound but dated character may appeal to those planning gradual upgrades.
Value may be influenced by the condition of the brick veneer shell and by whether interior updates have been carried out to current buyer expectations. A build year might be requested by lenders or insurers, though it is not specified. The large lawn is expected to appeal to some buyers, while maintenance time may be weighed by others. Final price is likely to be supported by presentation and street appeal, but appeal may be narrowed by the absence of modern energy features.
>> Comparable Sales: a 3-bedroom house on Manifold Road sold in the high-$600s; a 3-bedroom home on a 1,170 m² block sold in the high-$800s | Property Price Band: $700k–$800k | Value Drivers: land size, rear-yard functionality, single-level layout
Detailed Independent Property Report prepared by PropCred Analyst team for 24 Manifold Road, Woodend VIC 3442
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Woodend, near Gisborne and Mount Macedon, is an acreage-oriented market where houses dominate at 91% of stock and listings often span 1–5.9ha. Demand leans on owner-occupiers: 44% own outright and 44% hold mortgages, with household incomes 10.7% above Greater Melbourne. Median house prices range from $930,000 (+7.3%) to $1.05m (+10.0%) over 12 months, and quarterly growth hit 6.29%. Units sit at $660,000 with 5.1% annual growth. Houses trade in 73–78 days with 94–126 annual sales. Gross rental yields are modest at 3.3–3.4%, and weekly house rents reach $675. Prices outperform regional Victoria’s $643,000 median. Supply is tight-just three rentals last month. But conditions are cooling: auction clearance fell 6.3 points to 50%, days on market rose 32.7%, and unit sales dropped 20%-signs of rate sensitivity and softening demand.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
822m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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