7 Shirley Street, Wendouree VIC 3355

7 Shirley Street, Wendouree VIC 3355
7 Shirley Street, Wendouree VIC 3355 is a 3-bedroom, 1-bathroom single-level house with 1 car space on a 647m² rectangular lot. ### The property was listed for sale on 18 June 2026 as a house in Wendouree. 3 bedrooms | 1 bathroom | 647sqm lot | single-level family home | quiet suburban setting This property offers a competitive advantage through its generous 647sqm rectangular lot, which is slightly above average for the area and provides practical outdoor space for families or those seeking low-maintenance gardening. The single-level layout and three standard bedrooms suit young families, first-home buyers, and retirees looking for immediate comfort without extensive renovation. Its location in a quiet, family-oriented street near Ballarat CBD, schools, and parks reinforces strong demand from owner-occupiers, while the stable General Residential Zoning supports long-term value retention. The property’s finish level is described as well-presented, which may reduce initial upgrade costs compared to older stock. The building age, likely from the 1970s–1990s, might affect ongoing maintenance requirements, particularly for roofing, plumbing, or electrical systems that may not meet modern standards. The single bathroom and one car space could limit appeal for larger families or those needing multiple vehicles, potentially narrowing the buyer pool. Rental demand is moderate, with yields around 4.5–5%, but the older housing stock and limited public transport frequency might influence investor interest. Buyers should weigh these factors when forming a view on price, as renovation needs or functional constraints could impact resale value.
Detailed Independent Property Report prepared  by PropCred Analyst team for 7 Shirley Street, Wendouree VIC 3355
Checks found:
Value Risk ! 1
Liquidity Risk 2
Planning Risk 2
Income Risk
Execution Risk ! 1
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Insight: Wendouree VIC 3355

Wendouree is an established Ballarat suburb with a young demographic and high rental demand, positioning it as an affordable entry point. Demand is driven by young, childless couples, often in labourer roles, seeking homeownership. The market is characterised by strong recent house price growth and rapid sales, indicating high buyer urgency. Future growth is underpinned by significant capital appreciation over the past five years, though risks include a sharp decline in available stock and household incomes below the regional average.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

647m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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