6 First Street, Clayton South VIC 3169
6 First Street, Clayton South VIC 3169
650m² block | 3-bed house | 31% building coverage | FTTP | off-market
This property occupies a rare position: a 650m² parcel with only 31% building coverage, which leaves substantial scope for extension or redevelopment in a tightly held street. The 200m² building footprint and 5m roof height suggest a solid, single-level structure that could be reconfigured without major structural work. With Westall Primary and Secondary College within 2km and no overlay restrictions, this house suits a family seeking long-term tenure or a buyer looking to add value through renovation or a future subdivision. The off-market status reduces competition, allowing a more measured negotiation.
The primary risk is the absence of recent sales history, making precise valuation dependent on comparable sales like 19A First Street, which at $795k–$870k suggests this property may trade at a premium given its larger land. The 2-bedroom outlier in one source is likely an error, but warrants verification during due diligence. The opportunity lies in the land-to-building ratio: at 31% coverage, a buyer could potentially add a second dwelling or extend the existing house without triggering planning overlays, significantly increasing equity. FTTP connectivity supports remote work, though this is a secondary benefit.
Detailed Independent Property Report prepared by PropCred Analyst team for 6 First Street, Clayton South VIC 3169
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Clayton South presents a dynamic, mixed-use suburb with strong residential demand, particularly from younger families and owner-occupiers. This demographic is driving a consistently high sales volume and robust auction clearance rates, indicating sustained buyer competition. The market shows solid growth for houses, while unit performance is more varied. Future prospects are supported by its established infrastructure and diverse zoning, though recent increases in days on market and softening auction results signal a market becoming more sensitive to broader economic conditions.
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PropCred Estimated Value
Bedrooms
4
Bathroom
3
Parking
2
Land
650m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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