240A Park Street W, Delacombe VIC 3356
240A Park Street W, Delacombe VIC 3356
3-bedroom, 2-bathroom house, 2 parking spaces, 518m² land, stone benchtops, open-plan living, master with walk-in robe, reverse-cycle air conditioning, solar panels, NBN Fibre to the Premises.
This property is competitively positioned as a well-configured entry-level home in Delacombe, with its double bathroom and additional parking giving it a clear edge over the more common 3-bed, 1-bath, 1-park stock in the area. The combination of modern finishes like stone benchtops and a walk-in robe in the master bedroom, paired with solar panels and reliable NBN, makes it particularly suited to first-home buyers or young families seeking a low-maintenance, move-in-ready home. Its location within a convenient part of the suburb, close to both Newington Primary and Ballarat High School, further strengthens its appeal for buyers prioritising school catchment access without sacrificing affordability.
The conflicting land size data—265m² versus 518m²—is the most significant factor that may affect the property’s value, as a larger lot typically commands a premium and offers greater future flexibility. The build age, likely from the 2000s, means the house may not include the latest energy efficiency standards or modern structural features, though the solar panels and reverse-cycle air conditioning partially offset this. Buyers should also consider that the 2012 sale price of $280,000 may indicate the property has had limited major upgrades since, meaning the current condition and any deferred maintenance could influence the final price more than the estimated value alone.
Detailed Independent Property Report prepared by PropCred Analyst team for 240A Park Street W, Delacombe VIC 3356
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Delacombe is a regional suburb with a stable, owner-occupier base of professional couples. Demand is currently driven by strong capital growth in the housing market, supported by solid rental yields. Recent market activity indicates a brisk sales environment. Future performance will hinge on maintaining affordability for its core demographic and the suburb’s ongoing appeal to professionals seeking value.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
266m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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