25 Renown Street, Burwood VIC 3125
25 Renown Street, Burwood VIC 3125
post-war weatherboard on a large 1,071m² lot | inconsistent bedroom count | sold May 2022 for $1.68m | strong land value for its zone | suited to renovators and developers
This property is competitively positioned primarily through its land size, which at approximately 1,071m² is well above the typical suburban lot in Burwood. The post-war weatherboard form sits comfortably within the older detached-house stock of the area, and the configuration, while modest at two to three bedrooms, signals that the dwelling itself is secondary to the land value. It is best suited to buyers who intend to renovate, extend, or redevelop, as the lot provides flexibility that newer infill properties in the suburb generally lack. The May 2022 sale price of $1.68m reflects this land-driven value, and the property remains rentable in its current form, which supports an investor or family buyer looking to hold while planning future works.
Several factors may materially affect the property’s value or sale price. The inconsistent bedroom count across sources introduces uncertainty for buyers who require a precise floorplan, and the lack of confirmed renovation history means the dwelling’s condition could range from functional to dated. The land size, if verified, is a genuine advantage, but it also implies higher holding costs and potential planning constraints depending on the zoning and overlay controls in the Whitehorse LGA. Buyers should weigh the redevelopment potential against the cost of bringing an older weatherboard home up to modern standards, as the property’s strongest appeal lies in its land rather than its current house.
Detailed Independent Property Report prepared by PropCred Analyst team for 25 Renown Street, Burwood VIC 3125
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Burwood presents as a young, family-oriented suburb with strong infrastructure links, where demand is driven by its established residential character. Recent market conditions show robust house price growth, though unit performance is more varied with some softening in quarterly figures and extended selling periods. Key future drivers include sustained high auction clearance rates, while risks centre on affordability pressures and a notable recent contraction in sales volumes, indicating potential supply and demand rebalancing.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
2
Land
1071m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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