3 Learmonth Street, Tullamarine VIC 3043
3 Learmonth Street, Tullamarine VIC 3043
## Raw Research Notes: 3 Learmonth Street, Tullamarine VIC 3043 ### Core Property Configuration The property was listed for sale as a residential property in Tullamarine.
3-bed single-storey on 538m² | airport-adjacent location | high rental demand | functional family layout | potential noise constraints
A single-storey three-bedroom house is offered on a 538m² lot, a size that provides outdoor space uncommon in tighter markets. Strong rental demand is supported by its location near the airport and industrial zones, and it is considered appealing to investors and families seeking affordability. The property’s configuration is typical for the suburb, with a 1-bathroom layout reflecting older construction, but the land area is seen to allow for potential expansion. Buyers prioritising function and future possibility over modern finishes are best served by this house.
The value of this property may be affected by airport noise, which might be considered a drawback. Its single-bathroom configuration could be seen as limiting, but this is offset by rental demand. Future potential may be influenced by zoning, though the land size offers possibilities. Modernization may be required if updating is desired.
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Learmonth Street, Tullamarine VIC 3043
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Tullamarine is a mixed-use suburb anchored by the airport, offering strong transport links and attracting aviation workers and commuters. Demand from this demographic is driving robust capital appreciation in the housing market, which has seen significant growth, while the unit market remains more subdued. Future growth is underpinned by its strategic employment hub, though risks include softening sales volumes and a notable decline in unit auction clearance rates.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
537m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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