72 Spring Gully Road Spring Gully VIC 3550

Renovated Victorian weatherboard | 419m² opposite oval | 4-bedroom family layout | FTTP and period charm retained | high-confidence rental yield. The property’s primary competitive advantage is its position directly opposite Spring Gully’s soccer oval, which secures an open, family-oriented streetscape unlikely to be built out. The fully renovated Victorian weatherboard retains period character while providing modern functionality—built-in robes, two bathrooms, and an outdoor deck—making it immediately habitable without further capital outlay. With building coverage at 30% on a 419m² lot, the house offers a rare balance of usable indoor space and a fully fenced yard. This property is best suited to a family buyer seeking a low-maintenance, move-in-ready home in a sought-after primary school zone, or an investor targeting a stable $600/week rental return with high occupancy confidence. The key risk is the bushfire overlay, which may increase insurance costs and restrict some future modifications; a buyer should confirm the overlay’s specific building requirements before exchange. The 2023 private treaty sale without a disclosed price introduces valuation uncertainty, though the current estimated range of $670k–$740k is supported by market data. The separate land listing at 4/72A is unrelated and should not influence this property’s valuation. For a buyer, the commercial logic is straightforward: secure a renovated period home in a premium pocket at or below the estimated value, hold for capital growth driven by school demand and limited supply, or rent immediately at a yield near 4.3%. Use this property as a core family home or a low-management rental in a stable corridor.