30 Raymond Street, Sunshine West VIC 3020
30 Raymond Street, Sunshine West VIC 3020
House on 697 m² | detached residential | Sunshine West | substantial land footprint | owner-occupier appeal
A detached house on a substantial land holding is presented here, which is increasingly uncommon in the immediate area’s mix of townhouse infill. The land size alone is considered a competitive edge for buyers seeking space, outdoor potential, or future extension options. It is situated within an established residential pocket of Sunshine West, where detached housing on large blocks is sought after by owner-occupiers. The property is best suited to buyers prioritising land and position over immediate turn-key finishes, particularly families or investors looking for a solid base with the possibility to add value through renovation or redevelopment.
The property’s value may be influenced by the condition of the existing dwelling, as unknown finish levels could require capital outlay. Its orientation and street presence might affect perceived appeal, while the absence of confirmed internal features means pricing may hinge on the land component rather than the structure. Opportunities for subdivision or multi-dwelling development, subject to council approval, could add upside, but any such potential would need to be verified against local planning controls.
Detailed Independent Property Report prepared by PropCred Analyst team for 30 Raymond Street, Sunshine West VIC 3020
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Sunshine West, 13km from the CBD, is a family-oriented market: couples with children make up a high share of households, and a sizeable older cohort is present. Median house price sits at $740,000 with annual growth between 7.4% and 9.6%, supported by strong quarterly momentum and clearance rates ranging from 66% to 90%. Units lag, with median prices around $595,000 and flat-to-negative annual growth; gross yields for units (4.4–4.6%) outpace houses (3.3–3.7%). Demand is underpinned by established homes and newer estates, but the buyer pool faces constraints. Household incomes are low relative to Melbourne, and listings are taking longer to sell—houses sat on market up to 94 days—while annual house sales fell 11.5% and unit sales dropped 41%. Proximity to the CBD and a quiet suburban lifestyle remain key structural supports.
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PropCred Estimated Value
Comparible Sales: 32 Raymond Street sold $905K; 2/11 Raymond Street sold $700K | Property Price Band: $900K–$1M | Value Drivers: land size, renovation condition, street frontage
Bedrooms
2
Bathroom
1
Parking
1
Land
697m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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