5D Urquhart Street, Woodend VIC 3442
5D Urquhart Street, Woodend VIC 3442
Unit-style address | Township and station within walking distance | Compact footprint in a detached-house market | Suits first-home and downsizer demand
This unit is positioned within an established residential street dominated by detached houses on substantial lots. A compact footprint is offered here, which is less typical of the immediate area and gives a clearer point of difference for buyers seeking lower-maintenance living without leaving the township. Walking distance to the main shopping area and train station is expected, and that convenience is regarded as a genuine advantage for commuters and buyers wanting to reduce car reliance. This property is best suited to first-home buyers, investors, or downsizers who prefer a manageable home in a neighbourhood where larger family houses are the norm. The modest scale may also be appreciated by those wanting a lock-and-leave lifestyle.
The value may be influenced by the condition and layout of the unit, and by the size and configuration of the shared site. A renovated interior with good natural light might be expected to support a sharper price, while older finishes could be seen as a discounting factor. The property’s position within the block and the level of privacy from neighbouring dwellings may also be weighed by buyers. Demand for smaller homes in this suburb appears steady but less broad than the market for detached houses, so the price may need to be considered with the trade-off between compact living and land-based value in mind.
Detailed Independent Property Report prepared by PropCred Analyst team for 5D Urquhart Street, Woodend VIC 3442
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Woodend, near Gisborne and Mount Macedon, is an acreage-oriented market where houses dominate at 91% of stock and listings often span 1–5.9ha. Demand leans on owner-occupiers: 44% own outright and 44% hold mortgages, with household incomes 10.7% above Greater Melbourne. Median house prices range from $930,000 (+7.3%) to $1.05m (+10.0%) over 12 months, and quarterly growth hit 6.29%. Units sit at $660,000 with 5.1% annual growth. Houses trade in 73–78 days with 94–126 annual sales. Gross rental yields are modest at 3.3–3.4%, and weekly house rents reach $675. Prices outperform regional Victoria’s $643,000 median. Supply is tight—just three rentals last month. But conditions are cooling: auction clearance fell 6.3 points to 50%, days on market rose 32.7%, and unit sales dropped 20%—signs of rate sensitivity and softening demand.
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PropCred Estimated Value
Comparable Sales: 19 Clover Tree Circuit, Woodend (sold $1.352M) | Property Price Band: $600K–$700K | Value Drivers: condition, layout efficiency, position within the block
Bedrooms
4
Bathroom
2
Parking
1
Land
322m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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