19 Park Road, Surrey Hills VIC 3127

19 Park Road, Surrey Hills VIC 3127
Solid brick on 824sqm in Surrey Hills | North-facing living with French-door study | Low 33% site coverage, 6m roof height | Strong primary school catchment, no overlay risk. This property presents a rare combination of freestanding solid brick construction on a generous 824 square metres in a sought-after tree-lined pocket of Surrey Hills. The 33% building coverage and 6-metre roof height signal significant future reconfiguration or extension potential, while the northern orientation of the sitting room and study with French doors creates immediate liveability and natural light that buyers in this corridor prize. The absence of bushfire, flood, or heritage overlays simplifies any future work, and the Wattle Park Primary School catchment adds family appeal. This house suits a buyer seeking a long-term family home with scope to add value through renovation or extension, or a developer looking at a low-density site with strong underlying land value. The primary risk is the price point relative to the current condition,this is a solid but unrenovated mid-century house, and a full update will require material capital. The 2014 sale at $1,519,000 and current estimated value of $2,003,000 show steady land appreciation, but the rental yield at $1,105 per week is modest for the price bracket, meaning a buy-and-hold strategy relies on capital growth rather than cash flow. The opportunity lies in the low site coverage and northern aspect, which allow a well-planned rear addition or second-storey insertion without compromising the established garden. Hold this property for its land content and location, and renovate or extend when market conditions or personal circumstances permit.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 19 Park Road, Surrey Hills VIC 3127
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Market Insight:

Surrey Hills is a well-established, family-oriented suburb prized for its period homes and proximity to top schools, attracting professionals and downsizers. While the housing market has seen recent price adjustments, the unit sector demonstrates stronger growth momentum. Demand is underpinned by its timeless appeal and connectivity, though high prices and fluctuating auction clearance rates indicate sensitivity to broader affordability pressures.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

817mยฒ

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