Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

29 Gaynor Street, Maddingley VIC 3340

$500,000 - $549,000

Search Band Search Visibility Band

$500k - $550k High Confidence Calculated based on strong search observations.

House 3 Beds 3 Baths 2 Cars 1022 m²

Listed: 10 hours ago

Overview

Situated in the Maddingley area, this property offers a rewarding opportunity for renovators and investors eager to breathe new life into a substantial home with potential. The sizeable land parcel of approximately 1022 sqm provides ample outdoor space, which is an attractive feature for families seeking room for activities or extended storage.

The home itself, aged around 60 years and held by one owner for 33 years, features a spacious lounge with large windows that capture scenic views and allow natural light to fill the space. Authentic hardwood timber floors add warmth and character, enhancing the home's inviting atmosphere. The kitchen and meals area seamlessly connect to a covered outdoor entertainment zone, ideal for relaxed gatherings and enjoying the tranquil surroundings.

Rear lane access enhances convenience, offering additional secure storage options for caravans, boats, or trailers – a notable benefit for hobbyists or those with recreational vehicles.
The garage has been converted into a studio, granting flexibility as a workshop or hobby space, with the option to revert it to garage use if desired.

Proximity to educational institutions such as the local Grammar school and secondary college, along with the nearby train station and Maddingley Park sports reserve, adds to the property's practical appeal. This residence is well-suited for buyers prepared to invest effort in renovation, presenting the chance to tailor the home to their vision and maximize its inherent potential.

Local Market Insights

In Maddingley, Quiet Listings observed 42 new houses entering the market over the last 30 days, up from 23 during the previous 30-day period, with an average advertised asking price of $836,286. The property type mix of listed properties is predominantly Houses at 74%, followed by land (11%), and units (9%). The most active agency for houses in the Maddingley area is currently First National, representing 26% of new listings, followed by Your Property Agent with 21%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.