59 Penshurst Avenue, Williams Landing VIC 3027
59 Penshurst Avenue, Williams Landing VIC 3027
4 bed family house | 480m² block | 203m² internal | strong commuter location | moderate yield
This property holds a clear competitive edge through its efficient use of a 480m² block, delivering 203m² of internal living space across a 4-bedroom, 2-bathroom format that suits growing families well. The layout separates living zones from accommodation, and the main suite with walk-in robe and double vanity ensuite adds a level of comfort that is not always found at this price point. Its position near the train station, shopping centre, and freeway access makes it particularly well suited to commuter households seeking convenience without sacrificing suburban space.
The property’s value may be shaped by its moderate rental yield of around 3.3–3.7%, which could influence investor interest but does not detract from its owner-occupier appeal. The land size is slightly smaller than some neighbouring blocks, which might limit upside compared to larger lots in the street. However, the quality of finishes — stone benchtops, upgraded appliances, and a decked alfresco — may support price retention. Buyers should weigh the balance between internal space and land area when forming a view on long-term growth.
Detailed Independent Property Report prepared by PropCred Analyst team for 59 Penshurst Avenue, Williams Landing VIC 3027
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Williams Landing is a western Melbourne suburb with a strong owner-occupier base, high mortgage prevalence, and a $2,167 median monthly mortgage. Demand is driven by incomes 35.8% above Greater Melbourne and a 90.9% clearance rate. House prices rose 10.3% to an $860,000 median, selling in 49 days. Units are mixed: median $404,000, growth -1.5% to 1.5%, but yields of 5.6-5.8% beat houses’ 3.6-3.9%. Supply is tight—16 listings monthly, 177-187 sales a year. Risks are rate sensitivity from high leverage and limited turnover; 44% of owners held under six years.
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PropCred Estimated Value
Comparable Sales: 67 Penshurst sold $761k; 57 Penshurst sold $950k | Property Price Band: $800K–$900K | Value Drivers: internal size, finish quality, commuter location
Bedrooms
4
Bathroom
2
Parking
2
Land
472m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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