1/13 Jefferson Street, St Albans VIC 3021

1/13 Jefferson Street, St Albans VIC 3021
Freestanding villa on 248sqm | 2-bed, 1-bath, 3-car | Built 2003, prized front street pocket | Low-maintenance, move-in ready This property offers a rare combination of freestanding title and low-maintenance living on a 248sqm lot in a prized front street pocket, making it competitively scarce for buyers seeking detached housing without the upkeep. The 3-car configuration (garage plus two open spaces) is an uncommon advantage in this price bracket, while the split-system heating/cooling and roller shutters reduce immediate post-settlement costs. It serves best as a secure entry point for owner-occupiers wanting a standalone unit in a 75% owner-occupied street, or as a low-risk investment with reliable rental demand near schools and transport. The primary risk is the wide gap between the two asking price ranges, signalling potential overpricing relative to estimated values around $459,000-$476,000; a buyer paying near the higher guide may face immediate negative equity. The 2003 build offers no heritage overlay but may lack modern insulation standards, and the 248sqm lot limits future extension potential. Opportunity lies in negotiating towards the lower end of the price guide, leveraging the 0% auction clearance rate in the street as a soft market signal. Hold this property as a long-term residential holding or a stable rental income stream, not for short-term capital growth.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

St Albans presents as a well-connected, established suburb experiencing robust capital growth, particularly in its unit market. Demand is driven by a broad demographic seeking relative affordability within Greater Melbourne, supported by strong rental growth. Recent conditions show a consistently active sales market with solid price appreciation across both houses and units. Future growth is underpinned by this sustained demand, though variable selling periods and a moderate auction clearance rate indicate some sensitivity to broader market conditions.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

-

Land

250mยฒ

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