47 Stead Street, Sale VIC 3850
47 Stead Street, Sale VIC 3850
Detached house on 650m² | two-living-zone layout | double carport and sheds | practical family/investor appeal | established Sale pocket
A detached house on a generous 650 m² block is offered in an established Sale street. A functional layout is provided, with separate living zones, a main bedroom with bay window, and a practical kitchen-dining area. The site is the standout: double carport, extra parking for a caravan or trailer, established trees, and two sheds are included. First-home buyers, investors, and downsizers are best served by this property, as usable outdoor space and single-level living are prioritized. The house is situated in a mixed residential pocket, where it is considered land-rich and appealing for space and parking over internal polish. The presentation is tidy but not renovated, so scope for improvement is retained.
Value is likely to be influenced most by the land size and parking, given their utility for a wide buyer range. Upside might be capped by condition until basic updates are made, such as refreshing the kitchen or bathroom. Marketability may be limited by the modest two-bedroom layout, though an accessible price point is maintained. Rental demand is considered steady, with investor interest supported by solid weekly rent potential. Resale time may be affected by buyer demand patterns for this property style.
Detailed Independent Property Report prepared by PropCred Analyst team for 47 Stead Street, Sale VIC 3850
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
Sale’s positioning as a regional centre with 35 parks and a 4.6% population rise since 2016 is underpinned by professional, predominantly childless households; owner-occupancy already sits high at 64.5%. Demand is driven by this stable cohort, evidenced by consistent mortgage repayment levels and solid housing turnover. Prices remain firm, with houses ranging from $509,000 to $525,000 and annual growth to 7.16%, while units near $345,000 show a 12.3% compound rate. A 5.42% house yield and 6.27% unit yield keep investor interest alive. Over five years, house values have risen 45.48%. The key constraint is supply: 120 listings versus 33 rentals, meaning sellers must price realistically as the market balances.
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PropCred Estimated Value
Comparable Sales: 1/35-37 Stead Street sold $320,000; 9/35-37 Stead Street sold $265,000 | Property Price Band: $400K–$500K | Value Drivers: land size, condition, layout
Bedrooms
2
Bathroom
1
Parking
1
Land
650m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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