7 St Clare Avenue, Lake Gardens VIC 3355
7 St Clare Avenue, Lake Gardens VIC 3355
3 bed 2 bath 2 car | compact 370m² block | built 2003 | tight rental demand | family-oriented estate
This is a solid entry-level family house in a quiet, established Lake Gardens pocket. The three-bedroom, two-bathroom layout with two living areas works well for a young family or downsizer wanting single-level convenience without excess maintenance. The 2003 build means it’s modern enough for practical living but old enough to offer established gardens and street presence. Its compact footprint makes it one of the more affordable detached options in a suburb where larger executive homes dominate the upper price range, so it serves buyers who want a house rather than a unit, but don’t need sprawling space. The strong rental demand and low vacancy in the area also make it a sensible choice for an investor seeking steady occupancy from family tenants.
The 370m² land size is modest, which might limit future extension potential or appeal to buyers wanting a bigger yard. The property’s value could be influenced by how well the interior has been maintained since 2003, as dated kitchens or bathrooms may require updating. Its position within the estate, particularly proximity to parkland or quieter streets, might also shape buyer interest. The tight rental market suggests good income potential, but the smaller block and standard configuration may cap price growth compared to larger homes nearby. Buyers should weigh the convenience and lower entry point against the limited outdoor space when forming their view on price.
|| Comparable Sales: 4 St Clare Avenue, 3/2/2 on 367m², sold $630,000; 76 Lake Gardens Avenue, 4/2/4 on 481m², sold $700,000 | Property Price Band: $600,000–$700,000 | Value Drivers: condition of interior, land size, presentation and layout appeal
Detailed Independent Property Report prepared by PropCred Analyst team for 7 St Clare Avenue, Lake Gardens VIC 3355
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
2
URL has been copied successfully!
Market Insight
Lake Gardens, in Ballarat, is an established, stable pocket. Demand is driven by long-term owners—54% own outright, median age 51—not investors. Only 35 houses sold in the past year, but they clear in 16–23 days, showing real buyer interest despite price falls. House prices are down 1.3–6.8% across measures, with a median of $701,000. Units differ: median $592,919, up 11% annually. House rents are $470–$480 weekly, with gross yields near 3.2–3.4%. The ownership mix supports stability, but constraints remain: thin sales volume and limited supply could restrain growth, and 30% of households with mortgages face rate risk around 5.39–5.59%. No major transport upgrades or school catchment data are evident, so future growth depends on broader Ballarat demand and house-to-unit price dynamics.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 4 St Clare Avenue, 3/2/2 on 367m², sold $630,000; 76 Lake Gardens Avenue, 4/2/4 on 481m², sold $700,000 | Property Price Band: $600,000–$700,000 | Value Drivers: condition of interior, land size, presentation and layout appeal
Bedrooms
3
Bathroom
2
Parking
2
Land
376m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!