246 Gap Road, Sunbury VIC 3429
246 Gap Road, Sunbury VIC 3429
Detached family house | generous block near Sunbury town | family owner-occupier demand | mixed commercial corridor | no floor-level constraint
The property is positioned as a detached family house on a generously sized block within a corridor that remains convenient to Sunbury’s town centre, rail and freeway access. The configuration is well suited to owner-occupier families wanting a single-level footprint with room for outdoor living, shedding and parking. The location is not purely residential; it sits within a mixed-use strip where medical and commercial properties sit alongside homes, which reinforces accessibility but tempers the quiet-street character. The property serves buyers who trade a purely suburban setting for convenience and a larger parcel. Strong demand is expected from families and some investors given the established services nearby.
Value may be shaped by the proportion of residential versus commercial use along this section of the corridor, as busier frontages can limit appeal for some buyers. The size and shape of the block, along with the condition and layout of the dwelling, might influence price more than location alone. The absence of heritage, flood or bushfire overlays on comparable parcels suggests limited regulatory risk. The potential for future development or a change in use may appeal to some purchasers, but this should be weighed against the character of the immediate streetscape.
>> Comparable Sales: a 3-bedroom house on a 620m² block sold at $640,000; a 4-bedroom renovated house on a 750m² block sold at $735,000 | Property Price Band: $650,000–$750,000 | Value Drivers: land size, dwelling condition, street appeal
Detailed Independent Property Report prepared by PropCred Analyst team for 246 Gap Road, Sunbury VIC 3429
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Sunbury, in Hume, presents an owner-occupied market with a young family skew. That cohort drives house demand: 953-1,123 sales annually and houses selling in 20-22 days. Median house prices sit near $707,000, up 4.6-6.0% annually; units trail at $511,000, with growth flat to negative. Yields are modest: 4.0% on houses, 4.5% on units, with house rents around $550 weekly. A 69.1% auction clearance rate underscores competitive buying. Affordability against the Victorian median and ongoing family formation underpin future growth. Risks include weak unit performance, limited inventory (63 listings last month), and rate sensitivity given a high ownership concentration.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
-
Land
622m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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