38 Buckley Avenue, Sunshine North VIC 3020
38 Buckley Avenue, Sunshine North VIC 3020
Renovated 3/1/1 single-level | North-west courtyard | Stone kitchen & new plumbing | Tightly held pocket | Suits first-home buyers
A renovated single-level house is rarely found in this pocket, with the north-west courtyard providing a private and light-filled outdoor space that is appreciated in the local market. The property has been fully upgraded, including a stone-benched kitchen, contemporary bathroom, and new plumbing, positioning it as a turnkey home. It is situated within walking distance of shops, schools, and transport, making it a strong fit for first-home buyers and young families.
The single-car arrangement and lack of a second bathroom might be seen as limiting, and the land component may be smaller than typical in the area. These issues could weigh on price growth, though the renovated condition and modern fixtures may help the home hold its value. A buyer’s decision may hinge on the trade-off between immediate comfort and future space.
>> Comparable Sales: 30 Buckley Avenue (2022, 3/1) and 374 Ballarat Road (3/1, 625m²) | Property Price Band: $600K–$700K | Value Drivers: Renovated condition, north-west courtyard, single-level layout
Detailed Independent Property Report prepared by PropCred Analyst team for 38 Buckley Avenue, Sunshine North VIC 3020
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Sunshine North, 12 km west of Melbourne, is a mixed-use suburb attracting a young 20–29 cohort, largely professionals and labourers on moderate incomes, who drive demand for affordable entry-level housing. House prices have held near $756,000, with annual growth of 2.2%; however, recent data also shows flat outcomes, while units are softer, around $522,000, down 3.8% year-on-year. Market conditions lean buyer-friendly: houses average 106 days on market, slower than Victoria’s 50-day average, and auction clearance sits at 53.7%, albeit up 11.7% annually. Sales volume is firm, at 156 houses, up 3.3%. Rental yields are 3.5% for houses and 4.6% for units, with house rents up 6.0% over the year. Proximity to the CBD and transport links underpin long-term demand, but the slow selling period and falling unit prices highlight affordability and supply constraints.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
320m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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