37 Alameda Drive, Sale VIC 3850
37 Alameda Drive, Sale VIC 3850
Detached house on large block | East Sale pocket near hospital and lake | Family-oriented layout | Strong rental demand | Quiet established streetscape
The property sits within a residential pocket that leans toward generously sized family houses rather than compact or higher-density stock. That distinction matters here because the street itself has a consistent character of established homes on substantial lots, with gardens and off-street parking as standard. For a buyer seeking a conventional house with room to move, this location offers a more suburban feel than much of Sale’s newer or tighter developments. The proximity to the hospital, Lake Guthridge, and local schools makes it particularly well suited to families and healthcare-related workers who value convenience without sacrificing space. The likely configuration of three to four bedrooms with multiple living areas aligns well with what owner-occupiers in this area tend to expect, and the rental profile suggests steady demand from tenants as well.
The value picture may hinge on how the property compares to others on the street in terms of condition and presentation. A house that has been updated or well maintained could command a noticeable premium over one that needs work, given that the land size and layout are likely similar to what surrounds it. The age of the dwelling and the quality of its finishes may influence how much a buyer is willing to pay, particularly if renovations are required. The rental income potential might also factor into an investor’s thinking, though the primary demand here appears to come from owner-occupiers. Buyers should weigh whether the property’s condition justifies its price relative to what else is available in the immediate area.
|| Comparable Sales: 18 Alameda Drive sold at $639,000; 29 Alameda Drive valued around $519,000 | Property Price Band: $500,000–$600,000 | Value Drivers: land size, condition and presentation, layout flexibility
Detailed Independent Property Report prepared by PropCred Analyst team for 37 Alameda Drive, Sale VIC 3850
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Sale’s positioning as a regional centre with 35 parks and a 4.6% population rise since 2016 is underpinned by professional, predominantly childless households; owner-occupancy already sits high at 64.5%. Demand is driven by this stable cohort, evidenced by consistent mortgage repayment levels and solid housing turnover. Prices remain firm, with houses ranging from $509,000 to $525,000 and annual growth to 7.16%, while units near $345,000 show a 12.3% compound rate. A 5.42% house yield and 6.27% unit yield keep investor interest alive. Over five years, house values have risen 45.48%. The key constraint is supply: 120 listings versus 33 rentals, meaning sellers must price realistically as the market balances.
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PropCred Estimated Value
Comparable Sales: 18 Alameda Drive sold at $639,000; 29 Alameda Drive valued around $519,000 | Property Price Band: $500,000–$600,000 | Value Drivers: land size, condition and presentation, layout flexibility
Bedrooms
4
Bathroom
2
Parking
2
Land
533m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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