43 Westmoreland Road, Sunshine North VIC 3020
43 Westmoreland Road, Sunshine North VIC 3020
3-bed house on 627 m² | larger land than newer townhouses | established pocket | family/renovator appeal | active but steady market
The property holds a structural advantage in its parcel size. At 627 m², the land is materially larger than the newer townhouse product appearing around it, which gives this house a rare flexibility for a buyer wanting to renovate, extend, or rebuild in an established street. The detached format also offers private outdoor space and a traditional family layout, which suits households looking for more than a low-maintenance unit. Positioned within a proven school catchment and a short distance to local shops, transport, and the station, the house serves a practical inner-west buyer who values land content over modern finishes. The older presentation may not compete with brand-new stock, but the land component is the primary draw. This is best suited to a purchaser who sees value in the address and the future potential of the site, not someone expecting a move-in-ready contemporary home.
The sale price may be influenced by how much weight a buyer gives to the older house versus the underlying land. Condition and internal presentation are likely to shape offers, since a dated layout or tired finishes might limit immediate appeal. The potential for renovation or redevelopment could justify a premium, but only if the buyer has clear plans and budget for works. Market tempo appears steady rather than overheated, so a buyer may have room to negotiate on condition-related issues. The gap between this property and a newer townhouse on the same street is significant in spec, but the land difference reflects a different value proposition.
>> Comparable Sales: 4/90 Westmoreland Road sold $770,000, 4/88 Westmoreland Road sold $610,000 | Property Price Band: $700,000–$800,000 | Value Drivers: land size, renovation potential, street location
Detailed Independent Property Report prepared by PropCred Analyst team for 43 Westmoreland Road, Sunshine North VIC 3020
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
1
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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
628m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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