9 Furness Close, Wyndham Vale VIC 3024
9 Furness Close, Wyndham Vale VIC 3024
Modern finishes | recent construction | compact block | stable suburban demand | no heritage or flood risk
The property’s primary risk is its small 336m² lot, which limits future subdivision potential and may feel constrained for families seeking outdoor space. The narrow block size also reduces capital growth upside compared to larger sites in Wyndham Vale. However, the 2020 construction with ducted heating and evaporative cooling provides low maintenance costs and strong rental appeal. The balanced market and median house value of $645,000 suggest stable holding; this property suits an owner-occupier or long-term investor seeking reliable yield rather than speculative land appreciation.
**Buying case**: This house offers a rare combination of modern low-maintenance living and strong broadband connectivity, with NBN Fibre to the Premises and 5G coverage as functional advantages. The full courtyard and floorboards enhance desirability among downsizers or first-home buyers. For a buyer prioritizing move-in readiness and tenant demand over land content, this property provides a solid entry point into Wyndham Vale’s stable market. The pre-sale price range and balanced days on market indicate fair negotiating power for an informed buyer.
Comparable sales at 24 Furness Close at $660,000–$664,000 confirm this home is competitively positioned at the lower end of the range, offering value alignment with recent market evidence.
To secure favorable terms, commission a building & pest inspection given the recent construction, and engage with the agent around days on market to negotiate below midpoint.
Detailed Independent Property Report prepared by PropCred Analyst team for 9 Furness Close, Wyndham Vale VIC 3024
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Wyndham Vale is a master-planned, family-oriented suburb with strong demand from young families, evidenced by its demographic profile. This cohort is driving a robust owner-occupier market for houses, supported by solid sales activity and rising rental demand. Recent house price growth has been moderate, though it trails the broader metropolitan average, while the unit market remains subdued with limited activity. Future growth is underpinned by its family-friendly amenities and infrastructure, but key risks include lower relative rental yields and price growth performance compared to Melbourne.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
335m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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