67 Price Street, Essendon VIC 3040
67 Price Street, Essendon VIC 3040
4 bed family house | premium Essendon pocket | school catchment pull | strong renovation upside | 3 car parking edge
This property sits in a genuinely sought-after part of Essendon, where detached family houses with four bedrooms and three parking spaces are not common. The configuration alone gives it an edge over the many three-bedroom renovated cottages in the area, and the school catchment alignment with Buckley Park College adds a practical layer of demand that keeps this pocket consistently competitive. It is best suited to a family buyer who wants room to move, a solid street presence, and the flexibility to either live in the home as is or improve it over time. The street itself has a settled, established feel, with a mix of older homes and newer infill, which means the character is varied but generally well kept. For a buyer coming from a smaller property or another suburb, this house offers the kind of space and parking that tends to hold its value well in family-oriented markets.
The value picture here may be shaped by how the interior condition compares to the newer or fully renovated homes nearby. If the layout is original or the finishes are dated, the price point might need to reflect that, whereas a well-presented interior could justify a stronger position. The land size and how the outdoor space is configured will also matter, particularly for families who want room for children or entertaining. Parking for three cars is a genuine advantage in this area, but the overall appeal may depend on whether the house feels move-in ready or requires meaningful work. Buyers should weigh the cost of any updates against the convenience of the location and the strength of the school catchment.
|| Comparable Sales: renovated 3-bed on nearby street sold $1.2M–$1.3M; modern 4-bed infill sold $1.6M–$1.7M | Property Price Band: $1.9M–$2.0M | Value Drivers: condition, land size, parking configuration
Detailed Independent Property Report prepared by PropCred Analyst team for 67 Price Street, Essendon VIC 3040
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
Essendon, an established suburb with excellent transport links and proximity to Melbourne’s CBD, sees demand from buyers and renters drawn to its expanding Essendon Fields precinct. Median house prices range from $1.65m to $1.9m, with annual growth varying from +1.1% to -5.4% depending on source; units range from $460k to $600k, with gross yields near 2% for houses and 4.9–5.1% for units. Days on market for houses are 41–51 days; units 35–41 days, indicating moderate turnover. A tight 1.18% vacancy rate and strong rental demand for units indicate a robust rental market. Future growth hinges on Essendon Fields commercial expansion, but affordability and conflicting capital-growth signals remain constraints.
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PropCred Estimated Value
Comparable Sales: renovated 3-bed on nearby street sold $1.2M–$1.3M; modern 4-bed infill sold $1.6M–$1.7M | Property Price Band: $1.9M–$2.0M | Value Drivers: condition, land size, parking configuration
Bedrooms
4
Bathroom
2
Parking
2
Land
493m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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