45 Faraday Road, Croydon South VIC 3136
45 Faraday Road, Croydon South VIC 3136
3 bedrooms, 2 bathrooms, single-storey weatherboard on approximately 476 square metres. Master bedroom with ensuite and walk-in robe. Two car spaces. Built in the 1950s and one of only two properties on the block.
This property is competitively positioned as one of the original homes on a low-density block, which is increasingly rare in this part of the suburb. The half-block lot size offers a manageable footprint without the maintenance burden of a full quarter-acre, and the single-storey weatherboard construction is well-suited to buyers seeking character with scope for modern enhancement. The location is a genuine strength, being within walking distance to highly regarded schools and cafés, which supports strong demand from both owner-occupiers and investors. The property serves best a buyer looking for a solid entry point into an established neighbourhood, with the flexibility to move in as-is or plan a contemporary makeover over time.
Several factors may influence the property’s value. The original condition of the finishes, particularly in the kitchen and bathrooms, could require near-term investment, which may affect the price a buyer is willing to offer. The discrepancy in reported land size between 476 and 1012 square metres is worth clarifying, as it materially changes the land value component. The single-storey layout and weatherboard construction may limit appeal for buyers seeking a low-maintenance or modern finish without renovation. Rental demand is likely solid given the location and easy-care appeal, but the current condition may constrain immediate yield compared to a renovated equivalent. These factors should be weighed carefully when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 45 Faraday Road, Croydon South VIC 3136
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Croydon South presents as a stable, established residential market with a clear preference for houses, which demonstrate consistent, moderate capital growth and sell relatively quickly. Demand is driven by owner-occupiers seeking family-oriented homes, supported by solid rental fundamentals for both houses and units. Recent market activity shows steady price momentum for houses, though unit performance is more varied. Future growth will be anchored by its established character, while the primary constraint is the sensitivity of its entry-level buyers to broader economic conditions affecting affordability.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
476m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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