AI Market Appraisal - 6 Pin Oak Court, Vermont South
Detailed Analysis of Property Value for 6 Pin Oak Court, Vermont South, Victoria
To estimate the current market value of 6 Pin Oak Court, Vermont South, Victoria, a comprehensive analysis was conducted using data from various real estate platforms and market trends as of March 20, 2025. This report details the methodology, findings, and supporting evidence, providing a thorough understanding for potential buyers, sellers, or investors.
Methodology
The approach involved searching for direct property listings and valuation data for 6 Pin Oak Court, examining median house prices in the suburb, and analyzing recent sales of comparable properties on Pin Oak Court. Sources included Domain for property profiles, propertyvalue.com.au for sold prices and statistics, and additional insights from propertyvalue.com.au and yourinvestmentpropertymag.com.au for suburb trends.
Suburb Overview
Vermont South, Victoria, is a suburb with a median house price of $1.5 million, according to recent data from propertyvalue.com.au and yourinvestmentpropertymag.com.au. The suburb has experienced an annual growth rate of 2.21%, with 115 house sales in the past 12 months, averaging 28 days on the market. This indicates a stable and growing market, which is crucial for estimating the value of individual properties.
Property-Specific Estimates
- Domain provides an estimated value for 6 Pin Oak Court with a mid-point of $1.44 million, ranging from $1.24 million to $1.64 million, with a high accuracy rating, as per Domain Property Profile.
- propertyvalue.com.au estimates the value at $1.5 million to $1.6 million, with medium confidence, based on an automated valuation model, as detailed in propertyvalue.com.au Property Details.
Comparable Property Sales on Pin Oak Court
Recent sales on the same street provide valuable context, as shown in the following table:
| Address | Bedrooms | Bathrooms | Parking | Sold Price | Sold Date |
|---|---|---|---|---|---|
| 2 Pin Oak Court | 3 | 3 | 2 | $1,500,000 | 3 Dec 2021 |
| 1 Pin Oak Court | 4 | 2 | 2 | $1,600,000 | 1 May 2021 |
| 5 Pin Oak Court | 4 | 2 | 2 | $1,405,000 | 8 Dec 2019 |
| 3 Pin Oak Court | 4 | 2 | 2 | $867,000 | 2 Mar 2013 |
| 6 Pin Oak Court | - | - | - | $238,000 | 20 Aug 1998 |
These sales show a consistent price range for properties on Pin Oak Court, with recent transactions clustering around $1.4 million to $1.6 million. Notably, the 1998 sale of 6 Pin Oak Court for $238,000 highlights significant long-term appreciation.
Market Trends and Considerations
- The suburb's median house price of $1.5 million aligns closely with the upper end of the estimates for 6 Pin Oak Court, as reported by propertyvalue.com.au Suburb Profile and yourinvestmentpropertymag.com.au Suburb Profile.
- Annual growth in Vermont South is 2.21%, indicating steady appreciation, which supports the current valuation estimates.
- Properties on Pin Oak Court have shown significant appreciation over time, with 6 Pin Oak Court increasing from $238,000 in 1998 to an estimated $1.5 million today, reflecting the suburb's strong market performance.
Conclusion
Based on the analysis, the current market value of 6 Pin Oak Court, Vermont South, Victoria, is estimated at $1,500,000. This figure is derived from:
- The average of the mid-points of estimates from Domain ($1.44 million) and propertyvalue.com.au ($1.55 million), which is approximately $1.5 million.
- Alignment with the suburb median house price of $1.5 million.
- Support from recent comparable sales on Pin Oak Court, ranging from $1.405 million to $1.6 million.
This estimate accounts for market trends, property appreciation, and the lack of recent sales data for 6 Pin Oak Court itself, relying instead on reliable valuation models and comparable transactions.
Key Citations
- Domain Property Profile for 6 Pin Oak Court Vermont South VIC 3133
- propertyvalue.com.au Property Details for 6 Pin Oak Court Vermont South VIC 3133
- propertyvalue.com.au Suburb Profile for Vermont South VIC 3133
- yourinvestmentpropertymag.com.au Suburb Profile for Vermont South VIC 3133
- Domain Street Profile for Pin Oak Court Vermont South VIC 3133
Key Points
- Research suggests the current market value of 6 Pin Oak Court, Vermont South, Victoria, is around $1,500,000.
- Estimates range from $1.44 million to $1.6 million, with the suburb median price at $1.5 million.
- Recent sales on Pin Oak Court, such as $1.5 million and $1.6 million in 2021, support this valuation.
- An interesting detail is the property's significant appreciation from $238,000 in 1998 to the current estimate.
Estimated Value
Based on available data, it seems likely that 6 Pin Oak Court is worth approximately $1,500,000. This figure aligns with the suburb's median house price and recent sales of similar properties on the same street.
Supporting Evidence
- Domain estimates the value at a mid-point of $1.44 million, with a range of $1.24 million to $1.64 million, rated with high accuracy (Domain Property Profile).
- propertyvalue.com.au suggests a range of $1.5 million to $1.6 million, with medium confidence (propertyvalue.com.au Property Details).
- The suburb median house price for Vermont South is $1.5 million, according to multiple sources, which supports the higher end of the estimates.