3 Windsor Avenue, Alfredton VIC 3350
3 Windsor Avenue, Alfredton VIC 3350
3/2/2 family house | mid-$600k band | Alfredton Primary zone | fast market turnover | estate-growth suburb
This three-bedroom, two-bathroom house with double parking sits in the core of Alfredton’s family housing market. The configuration is the most commonly traded product type in the suburb, which means demand is broad rather than niche. Detached houses with this layout appeal to owner-occupiers moving within Ballarat, first-home buyers stepping up from units, and investors seeking rental demand. The street is residential in character with established family dwellings. School zoning to Alfredton Primary and Ballarat High strengthens appeal for households with children. It is positioned in a suburb with modest positive annual growth and quick absorption of three-bedroom houses, suggesting competition for well-presented stock is healthy. This is not a standout architectural property; its strength is in being a conventional, well-matched family house in a market where that product is consistently sought after.
Value may hinge on the parcel dimensions and how the internal condition compares to contemporaries in the same bracket. A standard suburban lot places the property in the mainstream band, while a larger or more private parcel could support a premium. Renovation level and presentation will matter most, as buyers in this segment typically weigh move-in readiness against price. Orientation and proximity to local infrastructure might also influence final outcomes. These factors are best assessed through an inspection.
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Windsor Avenue, Alfredton VIC 3350
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Alfredton, near Ballarat in regional Victoria, is a family-oriented market underpinned by high household incomes. Sales of 3-5 bedroom houses dominate, with 375-391 houses sold annually. Median house price is $625,000, with annual growth of 2.5-4.4% and quarterly growth of 1.63%; houses sell in 38-42 days. Units are thinner: only 22 sales, median $360,000-$432,500, but yields are higher at 4.7-5.1% versus houses’ 3.7-3.8%. Median rents are $470 (houses) and $380 (units). Demand drivers include stable rental income and high turnover; constraints include vehicle-dependent transport and limited unit supply. Future growth relies on maintained affordability and steady rental demand.
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PropCred Estimated Value
Comparable Sales: 4-bed house on Windsor Avenue sold for $950,000; another 4-bed house on Windsor Avenue sold for $825,000 | Property Price Band: $650K-$750K | Value Drivers: land size, internal condition, presentation
Bedrooms
3
Bathroom
2
Parking
-
Land
940m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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