40 Yorkshire Street, Blackburn North VIC 3130
40 Yorkshire Street, Blackburn North VIC 3130
Compact 3-bed townhouse | 196m² lot | School catchment | Owner-occupier suburb | 2 bathrooms
A compact townhouse layout is presented here, offering three bedrooms, two bathrooms, and a manageable 196 square metre lot. The property is positioned within a well-regarded school catchment, and its appeal is added to by the suburb’s high owner-occupier rate. Smaller households are particularly well served by this configuration, as it provides a low-maintenance alternative to the larger detached homes nearby. Practical features such as two bathrooms and a separate toilet are often missing from similar properties. A rare entry point is offered into a suburb where family homes dominate, making it a sensible option for those prioritising location and convenience.
Future extension may be limited by the small lot size, reducing its long-term flexibility. Value might be affected by interior condition and presentation, which remain unverified. Competition could be presented by newer or better-finished townhouses. Price support may be provided by the school catchment and owner-occupier demand, helping to offset these concerns. An inspection is recommended.
Detailed Independent Property Report prepared by PropCred Analyst team for 40 Yorkshire Street, Blackburn North VIC 3130
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
This is a family-dominated suburb: 76% of households are families, averaging 2.8 people, with half of owners holding mortgages. Houses remain the core market, selling in 19–33 days and achieving a median of roughly $1.4 million, with annual growth between 3.2% and 11.2% depending on the source. Rents are firm, with four-bedroom houses at $800 weekly and three-bedroom at $630, supporting gross yields near 2.4%. The engine is owner-occupier demand for family housing, reinforced by tight supply—only 101–121 house sales annually. Units are the constraint: median prices have fallen 5.5% to 17.5% year-on-year, with slower turnover and lower volumes, while house prices hold. Future growth drivers rest on continued family demand and the persistent shortage of houses, but the soft unit segment and rising mortgage costs temper momentum.
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PropCred Estimated Value
Comparable Sales: 34 Junction Road Blackburn North sold at $1.5M | Property Price Band: $900K–$1.0M | Value Drivers: land size, school zoning, layout
Bedrooms
3
Bathroom
2
Parking
1
Land
196m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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