9 Tarran Street, Laverton VIC 3028
9 Tarran Street, Laverton VIC 3028
Mid-century detached house | 3 bed 1 bath | 570–610m² land | Basic retrofit | Value-oriented pocket
A traditional detached house is presented here on a generous suburban parcel, with a modest three-bedroom, one-bathroom footprint that is generally viewed as the entry-level format in its market. The property’s competitive strength is found in its land size, which is seen as a tangible advantage over smaller units and townhouses, and the simple layout is considered well suited to first-home buyers or investors seeking a low-maintenance rental. Its position within an established residential area is regarded as providing a practical daily environment, with schools and local services available within reasonable reach. The house is best matched to a buyer who is drawn to space and renovation potential rather than modern finish.
The property’s value might be affected by its dated interior presentation, which may require some capital outlay, while the generous land parcel could be seen as offering future options, though any subdivision potential would be subject to planning consent. Buyers are advised to weigh the balance between the older house and the substantial block, as the land component is likely to be the primary price driver. Uncertainty about precise zoning constraints might also influence the final figure.
Detailed Independent Property Report prepared by PropCred Analyst team for 9 Tarran Street, Laverton VIC 3028
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Laverton, in Melbourne’s west, blends post-war housing with new developments; an emerging café and retail strip around Aviation Road is lifting the suburb’s appeal. Value-seeking owner-occupiers and investors are driving demand, drawn by entry-level prices and improving amenity. House medians sit near $612,000, with annual growth of 2.5–5.3% and a 2.1% quarterly rise. Houses sell in 43–63 days, with 146–214 annual sales. The unit market is less clear: medians span $481,500–$585,000, annual growth runs -4.8% to 16.8%, and quarterly change fell 12.1% – volatility, not a trend. House yields run 3.6–3.7% across most sources; unit yields 4.8–4.9%, though REIV cites 5% for both. Future growth depends on continued residential development and the Aviation Road precinct maturing. Key risks are unit-price instability and slower turnover if selling days extend.
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PropCred Estimated Value
Comparable Sales: 2 Tarran Street, Laverton sold for $568k | Property Price Band: $500k–$600k | Value Drivers: substantial land, dated condition, simple layout
Bedrooms
3
Bathroom
1
Parking
-
Land
557m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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