11 Turnbull Grove, Northcote VIC 3070

11 Turnbull Grove, Northcote VIC 3070
Single-fronted Victorian cottage | Northcote High Street walkable | heritage overlay | north-facing rear courtyard This property offers a rare combination of period character and practical layout in a tightly held pocket of Northcote. The two generous bedrooms with ornamental fireplaces, high ceilings, and an arched hallway provide genuine period distinction, while the north-facing rear courtyard and split-system heating and cooling make it immediately livable. For a buyer seeking a low-maintenance house in a high-demand school and transport corridor,within walking distance to both Northcote Primary and High School, the train station, and High Street,this property positions well against newer townhouses or apartments in the same price band. The block-fronted weatherboard construction and heritage overlay signal a property that will retain its desirability over time, particularly for owner-occupiers who value character over floor area. The heritage overlay imposes constraints on external alterations, which limits upside from renovation but also protects the streetโ€™s character and the propertyโ€™s long-term scarcity. The estimated rental yield of around 4% is modest for the area, so this property suits an owner-occupier more than a pure investor. The last recorded sale in 2014 for $700,000 suggests steady capital growth, but the current valuation of $1,067,000 sits below recent asking ranges,indicating a potential negotiation opportunity if the market softens. The mixed tenure on Turnbull Grove, with half of residents holding for over a decade, points to low turnover and stable demand. Hold this property as a long-term home or a low-maintenance base; it is not a development play.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 11 Turnbull Grove, Northcote VIC 3070
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Market Insight:

Northcote presents a dual market, with robust demand for houses from families and owner-occupiers driving strong price growth, while the more affordable unit segment attracts young professionals and students. The market is active, with houses selling relatively quickly, supported by significant local infrastructure renewal. Future growth is underpinned by this development and sustained buyer interest, though the unit market shows signs of price sensitivity and softer conditions, representing a key divergence in performance.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

-

Land

136mยฒ

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