48 Deas Street, Benalla VIC 3672
48 Deas Street, Benalla VIC 3672
This 3-bedroom, 1-bathroom home sits on a 725m² block with parking for up to three vehicles. The land size is a defining feature, offering a generous footprint that is uncommon for entry-level homes in Benalla.
The property’s primary strength lies in its substantial land holding, which provides significant potential for future extension, subdivision, or simply enjoying a large outdoor area. This positions the house as a rare opportunity for buyers seeking space and flexibility within a standard suburban setting. It is best suited for a first-home buyer, a small family, or an investor looking for a property with strong land value and future development upside in a stable regional market.
The value of this property may be influenced by the age and condition of the existing dwelling, which could require renovation or updating. The absence of detailed information on finishes and aspect means a buyer should allow for potential costs in these areas. The estimated value of $454,000 suggests the current listing price range of $550,000–$600,000 may be aspirational, so a careful assessment of the home’s actual condition and comparable sales is recommended.
Detailed Independent Property Report prepared by PropCred Analyst team for 48 Deas Street, Benalla VIC 3672
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Benalla presents as an affordable regional hub with a mature demographic profile, attracting downsizers and investors. Demand is driven by childless couples and professionals seeking value, supported by solid rental yields and strong capital growth, particularly in the unit segment. The market demonstrates healthy momentum with competitive days on market, though future growth may be tempered by its established population base and lower transaction volumes in certain sectors.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
-
Land
725m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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