91 Wirraway Street, Moe VIC 3825
91 Wirraway Street, Moe VIC 3825
1960s build | 569mΒ² bushfire overlay lot | 3 bed, 2 bath, secure parking | Moe Primary & Lowanna catchments
This property presents a competitively strong offering for a buyer seeking a established family home or a straightforward investment in a practical location. Its configuration of three bedrooms with two bathrooms and secure double parking is a functional advantage over many comparable period homes in the area, which often feature only one bathroom. The house serves a family buyer profile effectively, supported by direct catchment zones for both primary and secondary schools. While the 1960s construction is typical for the street, the internal updates including ducted heating and floorboards indicate a level of modernisation that positions it above a basic renovation project. The reliable Fibre to the Premises NBN connection, while not a primary driver, is a supporting infrastructure advantage for either occupant.
The decision to proceed requires a clear-eyed assessment of the bushfire overlay, which imposes specific construction and material obligations that will incur compliance costs for any future renovation or rebuild, effectively taxing your flexibility. The land size, while adequate, is notably smaller than several immediate neighbours, which may cap long-term land value appreciation relative to larger lots on the street. For an investor, the estimated mid-range yield is acceptable but not exceptional, suggesting this property’s commercial logic is grounded in capital stability rather than high income. You should acquire this property as a long-term hold, either as a principal residence leveraging the school catchments or as a lower-maintenance rental, but you must discount your offer to account for the overlay constraints and the compressed land component.
* 55 Wirraway Street, Moe: A direct comparable with 3 bedrooms and 2 bathrooms. Its estimated value range of $355,000 to $475,000 anchors the market for this configuration.
* 113 Wirraway Street, Moe: A 1 bedroom, 1 bathroom home on 526mΒ² with an estimated value of $359,000, demonstrating that land value and bedroom count are primary price drivers here.
The clustering of these estimates confirms this property’s listed price is positioned at the realistic upper end of its peer set; its premium over the 1-bedroom property is justified by its superior configuration, but it does not command a significant scarcity value.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Moe presents as a stable regional market anchored by a high proportion of outright homeowners, with demand driven by investors attracted to strong rental yields and consistent sales activity. Recent price trends show notable but varied growth, reflecting a market responsive to broader economic conditions. Future performance hinges on maintaining affordability and managing stock levels, though the established base of owner-occupiers provides underlying stability.