52 Kurrak Road, Yarrambat VIC 3091
52 Kurrak Road, Yarrambat VIC 3091
2 bed on 2.5 acres | Yarrambat lifestyle holding | land value dominates | modest dwelling | relisted after 2022 sale
What is competitively strong about this property is the land itself. At just over one hectare it offers a genuine acreage holding in a pocket of Yarrambat that is consistently described as highly sought after. The land size alone places it well above standard residential offerings and the value here is clearly driven by the site rather than the dwelling. The two bedroom one bathroom house is modest for the block which means the property serves best for buyers who prioritise space privacy and potential over move in ready accommodation. Lifestyle buyers seeking a semi rural setting with room to spread out or those with renovation or rebuild intentions are the natural audience. The location within Yarrambat also offers a balance of rural character with reasonable access to schools and suburban conveniences which broadens its appeal to families wanting land without complete isolation.
What may materially affect the value or sale price of this property is the size and condition of the existing house relative to the land. A two bedroom one bathroom dwelling on such a large block may limit immediate appeal for buyers who need more internal space and the cost of upgrading or replacing the house should be factored into any price view. The property was sold in 2022 and is now back on the market which might signal a change in vendor motivation or market conditions that could influence negotiation. Buyers might also want to investigate whether any planning or subdivision potential exists for this site as that would significantly alter its value proposition beyond its current lifestyle use.
Detailed Independent Property Report prepared by PropCred Analyst team for 52 Kurrak Road, Yarrambat VIC 3091
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
URL has been copied successfully!
Market Insight
Yarrambat is an exclusive, high-value suburb characterised by its established, family-oriented housing stock. Demand is driven by affluent, mature owner-occupiers seeking a premium lifestyle, evidenced by high outright ownership and household incomes. The market has experienced exceptionally strong capital growth, with houses transacting over an extended period, indicating considered purchases. Future performance is underpinned by its tightly held, low-turnover nature and demographic stability, though its premium positioning inherently limits buyer pools and increases sensitivity to broader economic shifts.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
1.03 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!