44 Pelham Cres, Wyndham Vale VIC 3024

44 Pelham Cres, Wyndham Vale VIC 3024
3-bed family house | 663sqm block | 4-car parking | two separate living zones | sold July 2024 at $750,000 This is a notably spacious family house on a larger-than-typical block, where the combination of two separate living areas and four-car parking makes it a rare find in Wyndham Vale. Its layout and land size best suit owner-occupiers who need room for multiple vehicles, a growing family, or the potential to add value through landscaping or future improvements. The property sits comfortably within the established suburban family market, where practicality and space are consistently prioritised over proximity to amenities or modern finishes. The sale price of $750,000 in mid-2024 serves as a concrete reference point, though the current guide suggests some upward movement in vendor expectations. The absence of information on build age, interior condition, or orientation means the buyer may need to factor in potential renovation costs or energy-efficiency considerations. Larger blocks in this area may also carry higher maintenance requirements, and without confirmed school catchment or zoning details, the property’s long-term appeal could be influenced by future infrastructure changes or development activity nearby.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 44 Pelham Cres, Wyndham Vale VIC 3024
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Market Insight:

Wyndham Vale is a master-planned, family-oriented suburb with strong demand from young families, evidenced by its demographic profile. This cohort is driving a robust owner-occupier market for houses, supported by solid sales activity and rising rental demand. Recent house price growth has been moderate, though it trails the broader metropolitan average, while the unit market remains subdued with limited activity. Future growth is underpinned by its family-friendly amenities and infrastructure, but key risks include lower relative rental yields and price growth performance compared to Melbourne.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

4

Land

663mยฒ

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