3 Douglas Street, Altona North VIC 3025
3 Douglas Street, Altona North VIC 3025
5 bedrooms on 850m² | classic family stock | rear roller access | deep established yard | strong land-to-price ratio
This is a genuinely rare configuration for Altona North. Most of what comes up in this suburb is smaller units or villas on tight lots, so a freestanding five-bedroom house on 850 square metres stands apart. The floor plan is flexible too — the fifth bedroom works as a second living area or home office, which broadens its appeal beyond just large families. The master suite with walk-in robe and ensuite, plus built-in robes in the other four bedrooms, means the layout is practical for everyday living rather than just impressive on paper. The deep backyard with mature fruit trees and covered entertaining area adds a layer of lifestyle value that many newer builds simply don’t offer. This property suits a buyer who wants space, character, and room to grow — either as a long-term family home or as a land-hold with future potential.
The value picture here is shaped by a few things. The house is older stock, described as preserved and classic, so condition will be a key factor — some buyers may factor in updating costs, while others will see the charm as a feature. The 850m² lot is the strongest driver of value, especially given the rear roller access, which adds practical utility for boats, caravans, or tradies. Rental demand looks reasonable at around $690 per week, but the yield is modest relative to the price range, so an investor would be buying more for capital growth than cash flow. The lack of any overlay restrictions on the land is a subtle positive, as it keeps future options open without forcing a decision now.
|| Comparable Sales: 3/48 Cresser Street unit sold $585,000; 3/5 Douglas Street unit sold $585,000 | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, flexible layout, rear access and yard depth
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Douglas Street, Altona North VIC 3025
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Altona North is a well-established suburb with a diverse housing stock, anchored by its proximity to major industrial employment zones which sustains strong rental demand. Demand is driven by established families and a broad buyer pool, creating competitive conditions for family homes and new builds. Recent price trends have been subdued, with house values showing modest stability while unit values face some pressure. Future growth is supported by ongoing redevelopment, yet the market remains sensitive to broader interest rate movements and affordability constraints.
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PropCred Estimated Value
Comparable Sales: 3/48 Cresser Street unit sold $585,000; 3/5 Douglas Street unit sold $585,000 | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, flexible layout, rear access and yard depth
Bedrooms
5
Bathroom
2
Parking
4
Land
852m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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