59 Powerscourt Street, Maffra VIC 3860
59 Powerscourt Street, Maffra VIC 3860
established residential street | larger-than-average blocks | modest older houses and character homes | solid school catchments | first-home and renovator appeal
The property’s competitive position is best understood through its street and block. Powerscourt Street is regarded as an established residential setting, with larger-than-average lots that are less common in newer parts of Maffra. The house is expected to appeal most to first-home buyers and renovators, because the surrounding stock is made up largely of modest two-bedroom homes and older character houses on generous land. This combination is seen as a practical entry point into the town, with solid public school catchments and a quiet suburban character. Garden space and room for a workshop or ancillary building are likely to be valued by buyers seeking flexibility and future improvement.
Value may be shaped more by land size and the condition of the existing improvements than by the street itself. Renovation might be supported by a modest older house on a large block, while immediate interest may be capped by tired presentation. The potential to extend or add a bungalow should be weighed, as ancillary accommodation and updated interiors are well received in the local market. Pricing is therefore expected to reflect what the property is now, with allowance for what it could become.
Detailed Independent Property Report prepared by PropCred Analyst team for 59 Powerscourt Street, Maffra VIC 3860
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Maffra, a regional Victorian suburb, records 92–112 house sales annually, with demand driven by gross rental yields of 5.08% for houses and 5.72% for units. Median house prices span $440,750–$475,000, with annual growth of 2.5–7.0%; units range $327,324–$380,000, with growth up to 13.4% on recent measures. Houses average 40–76.5 days on market, indicating moderate supply. Future growth depends on sustained rental demand, though affordability constraints emerge as price growth outpaces yields, and moderate supply may cap upside.
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PropCred Estimated Value
Comparable Sales: 21 Powerscourt Street sold for $399,900; 14 Powerscourt Street sold for $465,000 | Property Price Band: $350,000–$450,000 | Value Drivers: land size, condition, layout
Bedrooms
4
Bathroom
2
Parking
2
Land
1018m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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