44 Prefect Street, Wendouree VIC 3355
44 Prefect Street, Wendouree VIC 3355
Modern 3-2-2 configuration | Low-maintenance brick | Near schools & shopping | Strong rental evidence | FTTP & 5G
This property presents a competitively strong offering due to its modern two-bathroom layout on a single level, a configuration that is less common and more desirable than the typical one-bathroom stock in the area. Its low-maintenance construction and yards, combined with proven rental demand and proximity to schools and amenities, make it an efficient holding for an investor or a practical entry for a family. The house serves the buyer seeking a turnkey solution without the upkeep burden of larger land.
The primary risk is the smaller land component relative to immediate comparables, which may cap long-term capital growth relative to larger lots, though this is offset by the property’s newer functional appeal. The recent sale history suggests the current asking range is aligned with the market, supporting a purchase at or below the midpoint. Acquire this as a long-term rental with stable yield or a lifestyle purchase for its convenience; it is not a speculative land play.
Recent sales at 3 Prefect Street and a nearby 609m² lot provide direct context. 3 Prefect Street, a larger 618m² lot with an older 3-bed, 1-bath home, sold for $605,000 in December. Another similar-sized lot sold for $579,000 in November. This indicates the market is paying a premium for modern configurations and functionality over land size alone, supporting the value proposition of this two-bathroom home.
Detailed Independent Property Report prepared by PropCred Analyst team for 44 Prefect Street, Wendouree VIC 3355
Checks found:
Value Risk
✕
2
Liquidity Risk
✕
2
Planning Risk
!
1
Income Risk
!
1
Execution Risk
✓
Insight: Wendouree VIC 3355
Wendouree is an established Ballarat suburb with a young demographic and high rental demand, positioning it as an affordable entry point. Demand is driven by young, childless couples, often in labourer roles, seeking homeownership. The market is characterised by strong recent house price growth and rapid sales, indicating high buyer urgency. Future growth is underpinned by significant capital appreciation over the past five years, though risks include a sharp decline in available stock and household incomes below the regional average.
PropCred Estimated Value
Bedrooms
Bathroom
Parking
2
Land
373m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst