86 Skene Street, Lexton VIC 3352
86 Skene Street, Lexton VIC 3352
2-bedroom house on a 2,026 m² allotment in Lexton, Pyrenees Shire. Last sold 2011 for $29,000. Land value estimated around $440,000. This is a rural-residential property where the land is the primary feature its a modest home on a sizable private lot.
This property is distinguished by its land-to-house ratio, a configuration that is uncommon for a two-bedroom home. It is positioned as an affordable entry point into the rural-lifestyle market within the Pyrenees shire, offering space for gardens, sheds, or future expansion without the higher price tag of larger homes. The property is best suited for buyers seeking a private retreat, a weekend base, or a manageable lifestyle block with potential to add value over time. Its location on Skene Street places it within a low-density rural setting.
Value may be influenced by the modest house size relative to the substantial land holding. The lack of specified finishes or outbuildings might mean additional investment is required to fully realize the property’s lifestyle potential. The pricing could reflect a premium for the land alone while the house is treated as a secondary feature which is a factor buyers should weigh when assessing long-term prospects.
Detailed Independent Property Report prepared by PropCred Analyst team for 86 Skene Street, Lexton VIC 3352
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Lexton presents as a tightly held, affordable entry point within the regional Victorian market, characterised by low sales volumes and a stable, low-vacancy rental environment. Demand appears driven by local and regional buyers seeking value below broader regional medians, supported by household incomes typical for the area. Recent market activity indicates competitive conditions with properties transacting efficiently. Future growth is inherently linked to the limited turnover of available stock, while the primary constraint remains the shallow sales pool, which can amplify price volatility from minimal transactional changes.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
4
Land
2026m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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