31 Kuringai Road, Tootgarook VIC 3941
31 Kuringai Road, Tootgarook VIC 3941
4-bedroom house on 1207mยฒ | 6 car spaces | 21% building coverage | bushfire overlay present | 85% owner-occupied street
The property presents a rare configuration for Tootgarook, combining a large 1207mยฒ lot with only 21% building coverage, which leaves substantial room for future extension or subdivision potential. The 6 car spaces, including a carport and open parking, offer a genuine edge for buyers with multiple vehicles, a boat, or a caravan, and the fully fenced outdoor area with deck and balcony supports family or entertainer use. The street’s 85% owner-occupier profile signals stable demand, and the reliable NBN connection adds modest convenience. This house suits a buyer seeking a long-term family home with room to grow or a strategic land-hold in a tightly held street.
The bushfire overlay is a material risk that may affect insurance costs and impose stricter building standards for any future works, which buyers should factor into their budget and timeline. The lack of recent sales data on this address means pricing is less transparent, though the 36 sales in Tootgarook this year and average 44 days on market for 4-bedroom houses suggest reasonable liquidity. The property’s best opportunity lies in its underutilised landโbuyers could hold as a family home while exploring a future granny flat or subdivision if council zoning permits. Use this house as a land-banked family residence with optionality for capital improvement.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Tootgarook presents as a coastal market experiencing a period of price recalibration, with recent annual declines in both house and unit values. The market is characterised by a moderate sales volume and houses spending a notably extended time on market compared to broader metro averages. Current demand appears supported by rental yields that are competitive, particularly for houses, suggesting investor interest remains despite the softer price environment. Future performance will hinge on broader affordability pressures and the suburb’s ability to attract sustained buyer demand amid these conditions.