31 Cromie Drive Warragul VIC 3820
31 Cromie Drive Warragul VIC 3820
| 768m² level block | 36% site coverage | 90% owner-occupied street | quiet established pocket |
The buying case for this property rests on its configuration edge: a 276m² home on a 768m² lot at 36% coverage leaves genuine future flexibility, rare in a street where 90% of neighbours are owner-occupiers. The two living areas and study suit a family needing separation of space, while the ducted heating and alarm system reduce immediate post-settlement spend. It is best positioned for a buyer seeking a contemporary home in a stable, low-turnover pocket of Warragul, where the suburb’s 4-bedroom median of $720k suggests the listing sits near market centre, not above it.
The primary risk is the short market exposure—seven days as of listing update—which may indicate a motivated seller, but also limits the buyer’s ability to negotiate from a position of weak competition. The 2022 sale price is not disclosed, so the 2015 purchase at $107k is irrelevant to current value; the rental midpoint of $630 per week implies a gross yield near 4.5%, which is acceptable but not exceptional for Warragul. The absence of bushfire, flood, or heritage overlays removes latent cost surprises. Hold this property as a family home with optionality to extend or subdivide only if zoning changes emerge; for now, the value is in the house and street quality, not the land alone.
Detailed Independent Property Report prepared by PropCred Analyst team for 31 Cromie Drive Warragul VIC 3820
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Warragul is a thriving regional hub attracting young families and professionals seeking a balanced lifestyle with modern amenities. This demographic shift, supported by strong population growth, underpins steady demand. The housing market demonstrates resilience with stable values, while the unit segment presents a more varied performance. Future growth is anchored in continued infrastructure investment and its established community appeal, though the market’s evolution is tempered by a notable increase in available listings.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
768m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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