6 Oak Street, Cobram VIC 3644

6 Oak Street, Cobram VIC 3644
Large family house on 818mΒ² | 4 beds, 3 car spaces | No overlays | FTTP NBN | Cobram Primary & Secondary catchment This house presents a substantial, low-density offering for a family or investor seeking space and simplicity in Cobram. Its four-bedroom, two-bathroom configuration on a large block with multiple car spaces is competitively strong against typical suburban stock, and the absence of planning overlays removes significant approval risk. It serves a buyer prioritizing internal space and land area over proximity to metropolitan amenities, with its established school catchments providing a stable tenant or resident base. The primary decision hinges on its price positioning, which carries a substantial premium against the suburb median. This premium demands scrutiny; the property must be evaluated on its physical condition and finishes, which are unspecified, to justify the ask. For an investor, the yield is reasonable but not exceptional, framing this as a long-term hold in a steady market. Proceed only with a building inspection and a clear view that its size and configuration justify the market outlier price. Recent sales context shows 15 Oak Street, a larger 982mΒ² block with 3 beds, sold for $500,000. This listing at $665,000 commands a significant premium, ostensibly for its extra bedroom and larger building footprint. Buyers must verify if the condition and quality of this property objectively warrant that premium over recent local sales.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Cobram presents as an affordable regional market with a mature demographic profile, attracting investors with its strong rental yields and buyers seeking value below regional averages. Demand is underpinned by investors targeting high-yielding houses and units, alongside a significant cohort of older, mortgage-light residents. Recent price trends show mixed signals with a stable sales volume, though properties move slowly, indicating a balanced but patient market. Future growth is linked to sustained rental demand, yet the market faces sensitivity to broader economic conditions and a reliance on its established, aging population base.
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PropCred Estimated Value

Bedrooms

Bathroom

Parking

3

Land

818mΒ²

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