8 Second Avenue, Aspendale VIC 3195
8 Second Avenue, Aspendale VIC 3195
4-bed family house | mid-500m² block | beachside suburb | flood overlay noted | strong parking
This property holds a clear competitive edge in Aspendale’s family-home market. The four-bedroom, two-bathroom layout with three car spaces is above the suburb’s typical stock, which averages closer to three bedrooms. That extra space, combined with a 516m² lot, positions it well for buyers who need room for children, guests, or home office use without stepping into a newer, higher-density build. The 1946 construction, updated with floorboards, ducted heating, split-system cooling, and a deck, suggests a house that has been modernised in parts rather than left original. It serves best the buyer who wants a genuine detached house with practical amenities—alarm, built-in robes, water tank—and is willing to accept an older shell for the sake of location and land. The beachside setting, rail access, and local village strip add lifestyle weight that typically holds demand steady in this corridor.
The flood overlay is the most material factor to weigh here. It may affect insurance costs and could temper some buyer enthusiasm, though it does not necessarily cap value in a suburb where older coastal stock often carries similar designations. The absence of bushfire or heritage overlays removes two other potential constraints, which is a mild positive. The property’s age means condition and recent upgrades will likely drive how it compares against newer or more thoroughly renovated neighbours. A buyer should also consider that the 4/2/3 configuration, while strong for families, may not appeal to downsizers or investors seeking lower-maintenance options, which could narrow the buyer pool slightly.
|| Comparable Sales: 2 Second Avenue sold $1.285M (4/1/1) | Property Price Band: $1.3M–$1.4M | Value Drivers: land size, parking capacity, condition of updates, flood overlay impact
Detailed Independent Property Report prepared by PropCred Analyst team for 8 Second Avenue, Aspendale VIC 3195
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Aspendale presents as a well-established, family-oriented suburb with a dominant house market, attracting mid-life buyers and small families. Demand is driven by strong recent capital growth momentum and solid auction clearance rates, particularly for houses. The market shows signs of price sensitivity and a recent slowdown in turnover, indicating a shift in conditions where supply constraints and affordability may temper the robust growth trajectory.
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PropCred Estimated Value
Comparable Sales: 2 Second Avenue sold $1.285M (4/1/1) | Property Price Band: $1.3M–$1.4M | Value Drivers: land size, parking capacity, condition of updates, flood overlay impact
Bedrooms
3
Bathroom
2
Parking
2
Land
516m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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