27 Turnbull Street, Sale VIC 3850
27 Turnbull Street, Sale VIC 3850
1966 house on 748sqm|3-bed family layout|workshop and rumpus|near Lake Guthridge CBD|strong for practical buyers
The property is positioned on a large 748 square metre block, a rare size for a 1966 house in this part of Sale. Its internal layout is composed of three bedrooms and one bathroom, but the true value is found in the rumpus room and workshop, where practical utility is added for tradespeople or hobbyists. The house is served well by its proximity to Lake Guthridge and the CBD, a location quality that is consistently valued by family buyers. This property is best suited to an owner-occupier, with land, storage, and parking being sought without a premium price tag. Its competitive strength is found in the combination of block size and workshop space, which is uncommon in the local housing stock.
The 1966 construction might be seen as dated, but a well-kept interior could be positive. Condition and presentation may be the main price drivers. The single bathroom might be a limitation. The large block may be used for extension. Buyers might be guided by the workshop and rumpus room. The final price may be influenced by updating and curb appeal.
>> Comparable Sales: 24-26 Turnbull St sold for $475k; 28 Turnbull St sold for $560k | Property Price Band: $500k–$600k | Value Drivers: land size, rumpus/workshop, presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 27 Turnbull Street, Sale VIC 3850
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Sale’s positioning as a regional centre with 35 parks and a 4.6% population rise since 2016 is underpinned by professional, predominantly childless households; owner-occupancy already sits high at 64.5%. Demand is driven by this stable cohort, evidenced by consistent mortgage repayment levels and solid housing turnover. Prices remain firm, with houses ranging from $509,000 to $525,000 and annual growth to 7.16%, while units near $345,000 show a 12.3% compound rate. A 5.42% house yield and 6.27% unit yield keep investor interest alive. Over five years, house values have risen 45.48%. The key constraint is supply: 120 listings versus 33 rentals, meaning sellers must price realistically as the market balances.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
748m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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