54 Finlay Street, Albert Park VIC 3206
54 Finlay Street, Albert Park VIC 3206
2 bed, 1 bath, 179 m² house | Victorian-period character | Albert Park school zone | compact inner-bayside footprint | no parking shown
This is a genuinely rare configuration for Albert Park: a standalone period house on a tight 179 m² block, not a unit or apartment, in a street defined by heritage charm and village proximity. The 2-bed, 1-bath layout suits downsizers or young couples who want character, walkability to cafes, the beach, and trams, and a manageable footprint without strata complexity. Its last sale in 2002 and the absence of modern upgrades suggest renovation potential is the real draw — the kind of buyer who values original fabric and location over move-in polish will see immediate opportunity here, while the school catchment adds family appeal that widens the buyer pool.
Value may hinge on how much renovation is required and whether heritage controls limit extension options, which could affect how far a buyer stretches. The lack of parking on a compact lot might temper demand from car-dependent households, though the walkable location offsets this. Condition, land shape, and the quality of any prior updates will likely drive final price more than the modest size alone, and the guide range reflects that this is a location-led purchase rather than a space-led one.
Detailed Independent Property Report prepared by PropCred Analyst team for 54 Finlay Street, Albert Park VIC 3206
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Albert Park presents a mature, established market with a clear divergence between its house and unit segments. Demand is anchored by owner-occupiers, predominantly families and downsizers, drawn to its stable, high-value residential character. While houses demonstrate steady capital growth with strong sales volumes, the unit market has experienced significant price corrections, indicating a notable oversupply or demand shift. Future growth for houses is underpinned by limited stock and high owner-occupancy, though the unit segment’s weakness remains a key market risk.
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PropCred Estimated Value
Comparable Sales: 1 Finlay Street sold as a renovated 2-bed Victorian; 35 Finlay Street sold as a renovated brick Victorian corner | Property Price Band: $1.6M–$1.7M | Value Drivers: renovation condition, heritage overlay limits, parking access, land depth
Bedrooms
2
Bathroom
1
Parking
-
Land
179m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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