25 Glen Street, Aspendale VIC 3195
25 Glen Street, Aspendale VIC 3195
Private sale | 4-bed house | 598sqm | quiet beachside pocket | recent nearby sale confirms price ceiling.
The property carries a moderate risk of overpaying given its last trade in 1988 and a narrow recent comparable at 2 Glen Street ($1.365m for a smaller lot), which sets a value ceiling close to the estimate midpoint. Opportunity lies in the 250sqm building size and no overlay constraints-these allow for future subdivision or extension potential, though council zoning may limit density. Hold for long-term capital growth in a family corridor or use as a stable rental yielding around 3.7% at mid-range rent.
Competitively strong for buyers seeking a warm, spacious family home in Aspendale Primary School catchment, with reliable NBN and 5G coverage as functional bonuses. The property suits owner-occupiers prioritizing quiet beachside living and school access over landbanking or quick resale. Given the nearby sale data and absence of flood or heritage risks, a buyer should proceed with a due-diligence inspection and prepare an offer 5-10% below the estimate midpoint to secure value.
Detailed Independent Property Report prepared by PropCred Analyst team for 25 Glen Street, Aspendale VIC 3195
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Aspendale presents as a well-established, family-oriented suburb with a dominant house market, attracting mid-life buyers and small families. Demand is driven by strong recent capital growth momentum and solid auction clearance rates, particularly for houses. The market shows signs of price sensitivity and a recent slowdown in turnover, indicating a shift in conditions where supply constraints and affordability may temper the robust growth trajectory.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
598m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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