24 Red Gum Drive, Teesdale VIC 3328
24 Red Gum Drive, Teesdale VIC 3328
Semi-rural acreage pocket | Lifestyle buyer draw | Bushfire overlay likely | Land-driven value | Teesdale convenience
This property sits in the quieter, more spacious end of Teesdale’s Red Gum Drive, where the street pattern is defined by large lots, paddocks, shedding and established trees rather than compact estate living. The configuration here is best suited to buyers who want room for horses, trades equipment or simply space between neighbours, and the surrounding stock consistently reflects that profile—family homes with three to five bedrooms, multiple living areas and substantial outbuildings. What makes this particular holding competitive is its position within a pocket that offers genuine lifestyle separation while remaining a short drive to the village’s primary school, general store and medical services, with Bannockburn about ten minutes away for broader daily needs. The buyer it serves best is someone prioritising land and privacy over proximity to urban density, and who sees the property as a long-term lifestyle choice rather than a pure investment play.
Value may be shaped by the presence of a bushfire overlay, which is a known planning consideration across parts of this street and can affect insurance costs and future building flexibility. The land size and its usable configuration—whether fenced, cleared, or service-ready—might carry more weight than the house itself, particularly if the dwelling is older or modest in finish. Buyers should weigh maintenance expectations around septic systems, paddock upkeep and longer travel times, and consider how the property’s aspect and improvements align with their intended use, as these factors could influence both purchase price and resale appeal.
|| Comparable Sales: 69 Red Gum Drive sold 2015 at $1.226M; 99 Red Gum Drive sold 2014 on 2.41 ha | Property Price Band: $1.1M–$1.2M | Value Drivers: land size, shedding and outbuildings, lifestyle positioning
Detailed Independent Property Report prepared by PropCred Analyst team for 24 Red Gum Drive, Teesdale VIC 3328
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
2
URL has been copied successfully!
Market Insight
Teesdale is a rural fringe suburb defined by rolling hills, large private blocks, and a strong family composition: couples with children dominate, with most households in trades and on mid-to-high incomes. Owner-occupancy is 92.9%, and demand is driven by local schooling, outdoor amenity at Turtle Bend, and a tight-knit community. The median house price is $965,000, up 87.37% over five years; four-bedroom homes sell for a median $970,000 with 54 days on market. Annual sales volume is thin at 53–74, and just 1,180 properties exist. Future growth relies on lifestyle migration and school catchments, but risks are pronounced: 66% of owners have mortgages, typical repayments of $1,800–$2,399 monthly strain household income, and rate sensitivity is high. Low turnover also limits liquidity.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 69 Red Gum Drive sold 2015 at $1.226M; 99 Red Gum Drive sold 2014 on 2.41 ha | Property Price Band: $1.1M–$1.2M | Value Drivers: land size, shedding and outbuildings, lifestyle positioning
Bedrooms
4
Bathroom
2
Parking
12
Land
4005m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!