38 Norfolk Street, Maidstone VIC 3012
38 Norfolk Street, Maidstone VIC 3012
This is a 1950s detached single-story house with three bedrooms, two bathrooms, and two car spaces. It sits on a 441-square-metre lot with a 98-square-metre internal area and features polished timber floors and decorative ceilings.
The property’s strongest competitive advantage is its combination of period character and practical layout, which is increasingly rare in a suburb where modern infill dominates. The polished timber floors and decorative ceilings give it a warmth that newer builds often lack, making it particularly suited to first home buyers or renovators seeking an affordable entry into the inner-west. Its 441-square-metre lot is standard for Maidstone but offers enough space for future additions or landscaping, while the single-story configuration appeals to downsizers or families with young children. The property sits comfortably within the suburb’s established residential fabric, offering proximity to schools and transport without being in a high-density corridor.
The property’s 76-year age means maintenance costs may be higher than for a newer house, particularly for roofing, plumbing, and electrical systems that may not have been updated. The 98-square-metre internal area is compact for a three-bedroom house, which might limit appeal for buyers seeking generous living spaces. The absence of detailed kitchen and bathroom finishes in available records suggests these areas could require updating, potentially affecting the property’s price if they are dated. Buyers should weigh the renovation cost against the property’s character and land size, as these factors will determine its long-term value.
Detailed Independent Property Report prepared by PropCred Analyst team for 38 Norfolk Street, Maidstone VIC 3012
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Maidstone is positioned as an evolving inner-west suburb offering a blend of established homes and newer townhouses, with proximity to key retail and riverfront amenities. Demand is increasingly driven by young couples, first homebuyers, and investors, attracted by its developing café culture and diverse housing mix. Recent price trends indicate a stabilising market with some price sensitivity, where houses are taking longer to sell, reflecting a more cautious buyer sentiment. Future growth is underpinned by its ongoing renewal and location, though the extended selling periods present a key constraint, signalling a market requiring patience.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
441m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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