1/19 Derrimut Street, Albion VIC 3020
1/19 Derrimut Street, Albion VIC 3020
compact 3-bed weatherboard | 5-min walk to Albion Station | modernised interior + deck | small 289m² lot | suits first-home buyers & investors
An efficient three-bedroom layout is paired with a commute-ready location. The weatherboard shell has been brought up to date, with the gas kitchen, separate living room, study nook, and private deck and courtyard used to maximise the compact footprint. At 289 square metres the lot is small, but a low-maintenance, affordable character is produced, fitting Albion’s established stock. It is well placed by its five-minute walk to Albion Station and short hop to Sunshine’s shopping strip, suiting owners wanting convenience without a big yard, and investors seeking a lettable house in a transport-oriented suburb. First-home buyers and downsizers are the obvious audience, with the modernised interior adding crossover appeal.
Value may be influenced by the small land size, which limits future extension potential. Buyer perception may also be affected by the mix of original and updated elements. Competition may be sharpened by nearby infill development, though ongoing demand for this pocket is also confirmed. The move-in-ready presentation may attract sufficient interest to support the upper end.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/19 Derrimut Street, Albion VIC 3020
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Albion’s housing market, positioned 14km from the CBD, blends heritage charm with growing development. Demand is led by families and owner-occupiers: house sales rose 15.7% and auction clearance hit 73.7%, up 25.3%. The median house price is $750,000–$791,000, up 11.4% over the year, though quarterly prints around $779,000 signal some cooling. Units remain the weak spot, with median prices down 20.4% to $420,000 and rents stuck at $400 weekly. Houses average 48 days on market, with a gross yield of 7.1%. Future gains hinge on proximity to the CBD and period-stock appeal; constraints include buyer affordability against household incomes and persistent unit price volatility.
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PropCred Estimated Value
A fair price band is $700,000 to $810,000. A comparable three-bedroom house on a similar-sized lot sold for $535,000 in early 2025, but that result reflected dated presentation and no modernised interior. The improved fitout and rail proximity here justify a substantial premium over that sale, so r
Bedrooms
3
Bathroom
1
Parking
1
Land
291m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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