5 Woff Street, Beaumaris VIC 3193
5 Woff Street, Beaumaris VIC 3193
4-bed family house on 806m² | Beaumaris land-rich pocket | redevelopment or renovation potential | strong owner-occupier demand
This is a substantial family house on one of the larger land parcels in its immediate street, and that land is the real story here. The 806m² allotment gives you rare flexibility in a Bayside suburb where established homes on big blocks are increasingly hard to find. The four-bedroom, one-bathroom layout is typical of older detached stock in Beaumaris, which means the house itself is likely functional but dated. That is not a weakness if you are buying for the long term. The configuration suits a family wanting to move in and renovate over time, or a buyer looking at a future rebuild while holding a solid address in a low-density, school-friendly neighbourhood. The street context shows active turnover and vacant land sales nearby, which points to genuine demand for this pocket. The buyer pool here is largely families and owner-occupiers who value the established Bayside lifestyle, school access, and the chance to shape a property to their own taste rather than paying a premium for someone else’s finishes.
The main value question is what sits behind the front door. With only one bathroom and no confirmed internal updates, the house may require meaningful work to reach modern family expectations, and that cost should be weighed carefully against the asking price. The land’s shape, frontage, and any easements or overlay restrictions are not yet clear, and those factors could affect how much redevelopment potential actually exists. The property’s appeal is likely driven more by its land size and street position than by the dwelling itself, so the eventual sale price may hinge on how a buyer values that flexibility. Rental yield would probably be modest relative to the purchase price, since demand here leans toward owner-occupiers rather than investors. The lack of confirmed planning overlays is a positive signal, but it is worth verifying before committing.
|| Comparable Sales: 9 Woff Street vacant land sold $1.3M; 13A Woff Street 4-bed sold recently | Property Price Band: $1.8M–$1.9M | Value Drivers: land size, street location, renovation or rebuild potential
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Woff Street, Beaumaris VIC 3193
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Beaumaris, a bayside Melbourne suburb, holds a firm house market: median $2.1m, up 3.3% annually, while units soften at $1.1m, down 6.4%. Demand stems from affluent families and mortgage-heavy owners, supported by strong local incomes and transport links. House sales rose 7.5% to 245, yet faster selling times (55 days, down 3.5%) and an auction clearance of 61.4% (up 18.1%) signal robust conditions. Future growth rests on steady infrastructure and a healthy market score of 56; key risks are affordability constraints, rate sensitivity, and unit price weakness.
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PropCred Estimated Value
Comparable Sales: 9 Woff Street vacant land sold $1.3M; 13A Woff Street 4-bed sold recently | Property Price Band: $1.8M–$1.9M | Value Drivers: land size, street location, renovation or rebuild potential
Bedrooms
4
Bathroom
1
Parking
2
Land
806m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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