309 Peel Street N, Black Hill VIC 3350

309 Peel Street N, Black Hill VIC 3350
A three-bedroom, one-bathroom house built in 1880 on a 336-square-metre lot, with an internal area of 81 square metres. The main bedroom features an open fire, and the second bedroom has built-in robes. Parking is provided for one car. The 1880 build provides a heritage character that is uncommon for a property of this size, offering a low-maintenance footprint without sacrificing period detail. This configuration serves a buyer who values established charm over modern square footage, likely an investor seeking a compact entry into a heritage pocket or an owner-occupier wanting a manageable renovation opportunity. The property sits within a suburb where larger lots dominate, meaning this house stands out for its affordability by total price, not by land area. Its strongest competitive signal is the combination of age, location, and modest scale—rare for a three-bedroom house in this price tier. The compact 81-square-metre floor plan may limit future renovation potential, as adding space within the existing footprint is constrained. The discrepancy between the reported one and two car spaces suggests the parking arrangement might be tight, potentially affecting convenience for a car-dependent buyer. The small land size relative to the suburb norm could cap long-term capital growth if buyers in this area consistently prioritise larger blocks. A prospective buyer should verify the actual parking configuration and assess whether the internal layout can accommodate their lifestyle without extension, as these factors may influence resale appeal.
Detailed Independent Property Report prepared  by PropCred Analyst team for 309 Peel Street N, Black Hill VIC 3350
Checks found:
Value Risk ✕ 2
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk ! 1
Execution Risk ✕ 2
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Market Insight

Black Hill presents a stable, mature market with a notable mix of outright owners and renters, anchored by a significant older demographic. Demand is currently shaped by singles and renters occupying its detached housing stock. Recent price trends show modest house growth contrasted with stronger unit performance, while houses move at a measured pace. Future growth may be supported by this established rental base, though the market’s maturity suggests a steady trajectory rather than rapid expansion.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

336m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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