26 Austin Street, Hughesdale VIC 3166
26 Austin Street, Hughesdale VIC 3166
26 Austin Street, Hughesdale VIC 3166 is a 3-bedroom, 1-bathroom house on a 613 m² block with 2–4 car spaces reported across portals, a building size of about 95 m² in the sold listing record, and a 2019 sale price of $920,000. The property was listed for sale as a house in Hughesdale.
substantial 613m2 land | modest 95m2 building | GRZ3 redevelopment zone | walk to schools | established suburb
The property’s primary strength is its large landholding, which is unusual in this part of Hughesdale and zoned for redevelopment potential under GRZ3. This positions the house as a land-focused opportunity rather than a finished home, appealing to buyers who prioritize location and future development scope over immediate dwelling quality. The modest existing building, with its open fireplace, air conditioning, and balcony, offers comfortable livable space consistent with an older stock profile. Schools are within walking distance, and the established suburb attracts families, builders, and investors looking for a big block in a well-connected area. For such buyers, the land itself is the key draw, with the current house serving as functional or holding accommodation.
Value may be affected by the dwelling’s limited internal area and likely age, which might require renovation or replacement to meet modern expectations. The redevelopment potential under GRZ3 is subject to council approval, so planning constraints should be investigated. The absence of premium finishes or recent upgrades could limit appeal to turnkey buyers, and the property’s modest building footprint means any significant improvements may need substantial investment. These factors should be weighed when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 26 Austin Street, Hughesdale VIC 3166
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
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Market Insight
Hughesdale is a well-connected suburb with strong appeal to families and professionals, driven by its transport links and quality schools. Demand is underpinned by these lifestyle and accessibility factors, creating a tight rental market with low vacancy. While house prices have demonstrated resilience, the unit market has shown recent volatility. Future growth is supported by ongoing urban renewal, though affordability constraints and limited new supply present key risks to sustained momentum.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
613m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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