11 Lancaster Street, Ashburton VIC 3147

11 Lancaster Street, Ashburton VIC 3147
4 bedrooms, 1 bathroom, 2 car spaces. Internal area 154 sqm. Land size 629 sqm. Single level. Council Boroondara. In zone for Ashburton Primary and Ashwood High. Sold previously in 2008. This house sits in a tightly held blue chip pocket where land value drives demand and long term growth is the norm. The landholding is the strongest signal here. At 629 sqm in a suburb known for limited turnover this property offers rare future potential whether for renovation or redevelopment. The modest internal area for a four bedroom house means the value sits firmly in the land not the finishes. It serves families and land focused buyers who prioritise school zones and lifestyle appeal over move in ready perfection. The configuration is consistent with older established homes in Ashburton but the lot size and location give it an edge over newer subdivided stock. The single bathroom and older building age may limit appeal for buyers wanting immediate comfort without work. Renovation costs should be factored into any price view. The land size varies slightly across sources which could affect development feasibility assessments. Proximity to sought after schools supports demand but does not guarantee premium pricing if the house condition requires significant investment. Buyers should weigh the trade off between land opportunity and the cost of bringing the house up to modern standards.
Detailed Independent Property Report prepared  by PropCred Analyst team for 11 Lancaster Street, Ashburton VIC 3147
Checks found:
Value Risk ✓
Liquidity Risk ✕ 2
Planning Risk ! 1
Income Risk ✕ 2
Execution Risk ! 1
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Market Insight

Ashburton is a premium inner-east suburb characterised by high-value housing and a professional demographic driving demand. Recent price growth for houses has been steady, though the unit market shows greater volatility. The market is active with strong auction clearance, particularly for units, but faces constraints from high prices and notable fluctuations in sales volumes, indicating sensitivity to broader economic conditions.
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PropCred Estimated Value

Bedrooms

4

Bathroom

1

Parking

3

Land

629m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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