60 Alabaster Avenue, Cobblebank VIC 3338
60 Alabaster Avenue, Cobblebank VIC 3338
Modern family house | compact lot | active growth corridor | commuter-friendly | investor appeal
The property sits within a newer Cobblebank estate where the street pattern is consistent and predictable: three-to-four-bedroom detached houses with two bathrooms and one-to-two car spaces. That configuration serves first-home buyers and young families well, and it also holds appeal for investors seeking low-maintenance rental stock. The location advantage is genuine—rail access, a local shopping centre, and planned health infrastructure nearby all support steady demand. This house is best suited to someone wanting a straightforward, functional family home in a growing suburb rather than something distinctive or character-filled.
The likely value drivers are land size, internal layout, and presentation. A larger parcel would push the price upward, while a compact lot might cap it. Finish quality matters here—modern kitchens and bathrooms with stone benchtops and stainless appliances tend to command a slight premium in this market. Orientation and street position may influence buyer interest, but they are unlikely to be decisive. The area’s moderate rental yields suggest the price should be assessed against owner-occupier demand rather than investment returns alone.
Detailed Independent Property Report prepared by PropCred Analyst team for 60 Alabaster Avenue, Cobblebank VIC 3338
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Cobblebank, 33km west of Melbourne’s CBD, is an outer-growth corridor anchored by its train station and the upcoming Melton Hospital and Cobblebank Stadium. Demand skews toward owner-occupier families and investors drawn to new infrastructure and the suburb’s positioning as a future regional centre. House prices sit near $625,000–$633,000, but growth is flat to negative: annual changes range from -0.3% to -6%, with one outlier at +4%. Median selling times vary sharply, from 29 to 86 days, indicating uneven market conditions. Gross rental yields for houses hover at 3.9%, with weekly rents at $460; unit data is absent. Annual sales volume is thin, at roughly 77–105 houses, suggesting limited liquidity. Future growth relies on the hospital, stadium, and metropolitan connectivity; key constraints include inconsistent price momentum and low turnover.
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PropCred Estimated Value
Comparable Sales: nearby houses sold $553k–$650k | Property Price Band: $550k–$650k | Value Drivers: land size, condition, layout efficiency
Bedrooms
4
Bathroom
2
Parking
2
Land
458m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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