6 Cumbungi Road, Beveridge VIC 3753
6 Cumbungi Road, Beveridge VIC 3753
4/2/2 single-storey house on 426m2 | 46% footprint with outdoor living | first-home buyer corridor | strong package features | limited local schools
The property is positioned as a well-configured 4/2/2 single-storey house on a 426m² block, slightly above the typical estate size. A 46% footprint with outdoor entertainment is considered a practical family balance. Ducted heating, floorboards, built-in robes, and secure garage are noted as complete inclusions. This house is regarded as strongly aligned with first-home buyer demand, where purchase windows are often observed at under one month. It is best suited to young families wanting a low-maintenance, lock-and-leave property in a growth corridor.
Value may be influenced by the limited school base and still-developing amenity. Resale competition might be moderated by ongoing house-and-land supply. Long-term appeal may be affected by site orientation and build date, with outdoor space as a supporting factor.
Detailed Independent Property Report prepared by PropCred Analyst team for 6 Cumbungi Road, Beveridge VIC 3753
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Beveridge is a northern Melbourne fringe suburb positioned as an affordable entry point for families and first-time buyers, evidenced by a high proportion of mortgage-backed ownership. Demand is driven by owner-occupiers and investors attracted to a median house price near $645,000 and rising rental returns; house rents have climbed roughly 7–8% annually, while unit rents are up about 10%. Market conditions have softened, with house values falling between 1.4% and 4.4% over the past year and median selling days reaching 123, indicating slower turnover. Sales volume remains moderate at roughly 213–224 houses annually. Future growth hinges on ongoing rental demand and affordability relative to Melbourne, but price declines and extended listing times highlight rate sensitivity and potential oversupply. Low unit sales volumes also limit diversification for investors seeking entry points.
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PropCred Estimated Value
Comparable Sales: 436 Malcolm Street 4/2/2 at $562,830; Mandalay Estate 4/2/2 house-and-land at $649,340 | Listed Price Band: $500k-$600k | Value Indicator: land size, single-storey layout, presentation
Bedrooms
4
Bathroom
2
Parking
2
Land
426m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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