4 Montague Avenue, Drouin VIC 3818
4 Montague Avenue, Drouin VIC 3818
2-bed house on 849m² | 7 parking spaces | priced above 2-bed median | large-block opportunity in Drouin | suited to renovators or land-bank buyers
What stands out here is the land-to-house ratio. A two-bedroom home on an 849 square metre block is uncommon in Drouin, where most stock leans toward four-bedroom family houses on smaller lots. The seven parking spaces add genuine utility for tradespeople, boat or caravan owners, or households running multiple vehicles. This configuration serves downsizers who want single-level living without sacrificing outdoor space, and it also appeals to buyers looking at the long-term potential of the land itself. The price guide sits above the typical two-bedroom median in the area, which reflects the land component rather than the house. For the right buyer, this is a chance to secure a large central block without paying for bedrooms they do not need.
The main value considerations revolve around the house itself. The building appears to be older stock, so condition and finish will play a significant role in what a buyer is willing to pay. A renovator might see this as a blank canvas, while someone wanting move-in-ready condition may need to budget for upgrades. The large block could support future subdivision or redevelopment, but that depends on zoning and overlay requirements, which should be checked before forming a firm view. Rental demand for a two-bedroom house in Drouin is less established than for larger family homes, so if an investor is considering this, the yield may be modest relative to the purchase price. The location near schools and the town centre supports solid long-term appeal.
|| Comparable Sales: 8 St Mabyn Avenue sold $710,000 for a 4-bed house; 4 Main South Road listed $560k–$600k on 812m² | Property Price Band: $620,000–$650,000 | Value Drivers: land size, parking capacity, condition and renovation scope
Detailed Independent Property Report prepared by PropCred Analyst team for 4 Montague Avenue, Drouin VIC 3818
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Drouin’s market is defined by rapid residential expansion, headlined by estates such as Jackson’s View adding 450-plus blocks, while demand is driven by a middle-to-upper income cohort earning roughly $78,000–$130,000. Houses command a median near $650,000 with annual growth of 4.8–5.8%, yet units lag at about $455,000–$465,000 with growth barely above 1%. Rental demand favours houses: weekly house rents sit around $550–$560, up 10% year-on-year, whereas units hold at $418–$450. Gross yields are tighter for houses at 4.14% versus units at 5.15%. Houses clear in 41–46 days, notably faster than units, which take about 55 days, and they also outsell units 366–455 times annually. Future growth hinges on continued land releases feeding supply, but that same pipeline, plus slower unit turnover relative to neighbouring Warragul, caps upside for attached housing.
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PropCred Estimated Value
Comparable Sales: 8 St Mabyn Avenue sold $710,000 for a 4-bed house; 4 Main South Road listed $560k–$600k on 812m² | Property Price Band: $620,000–$650,000 | Value Drivers: land size, parking capacity, condition and renovation scope
Bedrooms
3
Bathroom
1
Parking
4
Land
849m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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