5B The Boulevarde, Wy Yung VIC 3875
5B The Boulevarde, Wy Yung VIC 3875
3 bedrooms, 2 bathrooms, 2 car spaces. Townhouse/villa on 500m² land. Located in Wy Yung, VIC 3875. Estimated value range $523,000 to $529,000. Council area East Gippsland.
This property occupies a specific niche within Wy Yung, offering a lower-maintenance footprint compared to the larger family homes that dominate the suburb. Its strength lies in the balance between a manageable 500m² block and three bedrooms, which positions it well for downsizers seeking to remain in the area or first-home buyers looking for a more affordable entry point into a tightly held suburb. The townhouse configuration on a single lot also provides a degree of privacy and outdoor space that is often missing from standard unit developments. For a buyer who values a quieter, established neighbourhood without the upkeep of a large property, this townhouse represents a practical and sensible option.
The most material factor affecting value is the inconsistency in reported land size, with one source suggesting 970m² and others indicating 500m². The smaller figure aligns with the townhouse classification and neighbouring lot sizes, so the larger figure may be an error or composite. This discrepancy could create uncertainty for a buyer or lender, and it would be prudent to verify the title dimensions before forming a final view on price. The property’s value also sits between the typical unit and house price ranges in the area, meaning its market position may be sensitive to how it is classified by appraisers and potential buyers.
Detailed Independent Property Report prepared by PropCred Analyst team for 5B The Boulevarde, Wy Yung VIC 3875
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Wy Yung is a growing family-oriented suburb with a significant presence of established professionals and older residents, creating a stable demographic core. Demand is driven by this demographic seeking rural acreage and family-sized homes, supported by consistent annual sales activity. Recent price trends show strong growth, though with some market variability indicating a degree of price sensitivity. Future growth is underpinned by sustained buyer interest for larger properties, while key constraints include potential market volatility and a segment of vendors adjusting prices to meet demand.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
970m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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