522 Grimshaw Street, Bundoora VIC 3083
522 Grimshaw Street, Bundoora VIC 3083
A 3-bedroom, 1-bathroom single-family house on a 534m² lot with 117m² of internal space and a 2-car garage. Built on a single level, the property is described as light-filled and warm, with well-proportioned rooms.
This property is positioned as a solid, family-oriented home within Bundoora’s established residential stock, closely matching the suburb’s typical configuration for a 3-bedroom house. Its competitive strength lies in the generous lot size and the single-level layout, which appeals to young families, first-home buyers, and investors seeking low-maintenance living with room for a garden. The location near quality public schools and transport hubs makes it a practical choice for those prioritising convenience and community. The light-filled interior is a genuine advantage, enhancing liveability without relying on recent renovations. This house serves best a buyer who values a functional, ready-to-occupy home in a quiet, tree-lined street, rather than a fixer-upper or a high-spec property.
The single bathroom may limit appeal for larger households or those expecting a second bathroom, potentially narrowing the buyer pool and affecting price expectations. The absence of documented renovations means the property’s condition is unverified, so a thorough inspection is advised to assess any deferred maintenance. Its lot size offers potential for future subdivision or extension, but this depends on local zoning and council permissions, which should be confirmed. While the property is well-positioned within the suburb, its value is tied to the broader market for standard 3-bedroom houses in Bundoora, where gradual infill development may influence long-term appreciation. Buyers should weigh the cost of any upgrades against the property’s current price point.
Detailed Independent Property Report prepared by PropCred Analyst team for 522 Grimshaw Street, Bundoora VIC 3083
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
This established suburb presents a stable, family-oriented market with high outright home ownership. Demand is anchored by established households, supporting consistent house price growth, while the unit market offers more varied performance. Recent sales activity is robust, indicating healthy liquidity, and rental yields for units are notably stronger. Future growth will rely on sustained local demand, though the divergence between house and unit performance suggests a nuanced investment landscape.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
534m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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