305 Forest Street, Wendouree VIC 3355
305 Forest Street, Wendouree VIC 3355
Detached house | 600m² land | 3/1/1 configuration | long-tenured street | steady family demand
A detached house on a 600m² allotment is considered a practical and family-oriented configuration that remains consistently sought after in this suburb. Three bedrooms and one bathroom are offered in this conventional layout, which is typically preferred by households seeking an entry point into an established neighbourhood. A long owner-occupier tenure is observed on the street, which signals low turnover and a settled character. The land area is provided with a modest rear yard and scope for future landscaping or additions, subject to council approval. This property is best suited to first-home buyers or small families, as it is located with convenient access to schools, transport, and shopping precincts.
The property’s value may be influenced by the condition of its original finishes, as updated kitchens and bathrooms are rewarded with a premium. The absence of a second bathroom might be considered a limitation for larger families, though it is common for the era. Land size and street position are seen as stable value drivers, while renovation potential or modernisation could be expected to shift the price upward. Market conditions for entry-level houses might also be expected to affect the final sale outcome.
>> Comparable Sales: 230A Forest Street sold for $588,000; 431 Forest Street sold for $305,000 | Property Price Band: $600K-$700K | Value Drivers: Land size, condition and presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 305 Forest Street, Wendouree VIC 3355
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Wendouree, a 9.6 sq km suburb in Ballarat with ample parkland, draws demand from a younger cohort-adults in their 20s and childless couples in trade roles-with owner-occupancy moderate. A substantial renter share underpins investor interest. House prices have climbed 13% annually to a median of $485,500, with median days on market of 22; units rose 5.49% to $360,000; 303 house sales over the year signal liquidity. Five-year gains of 37.62% for houses and 50.04% for units confirm strong momentum. Yet supply is tightening, with stock down 60.53% year-on-year, and household earnings below the regional average, capping affordability and price growth.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
603m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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