56 Warner Avenue, Ashburton VIC 3147
56 Warner Avenue, Ashburton VIC 3147
Detached family house on a generous 612m² block | Ashburton’s established residential pocket | Strong school and park proximity | Suits buyers seeking a solid base for renovation or rebuild
This house offers a rare combination of scale and position within Ashburton’s family-oriented streets. The 612m² land size places it at the larger end of the local stock, giving future owners genuine flexibility—either to improve the existing dwelling or pursue a full rebuild. Its configuration of four bedrooms and two bathrooms meets the needs of most growing families without overbuilding, while the dual parking adds everyday practicality. The property sits within a well-regarded school catchment and near Warner Reserve, rail access, and village amenities, making it a compelling choice for buyers prioritising lifestyle and long-term liveability over immediate polish.
The value of this house will likely hinge on the condition of the existing dwelling and how much renovation work a buyer is prepared to take on. In a pocket where newer, high-spec rebuilds command a premium, this property may appeal more to those who see potential rather than perfection. Its land size and street position provide a strong foundation, but the final price could be influenced by the quality of the current structure, the layout’s adaptability, and whether the orientation or aspect offers any natural advantages. Buyers should weigh the cost of upgrades against the benefit of securing a larger block in this location.
Detailed Independent Property Report prepared by PropCred Analyst team for 56 Warner Avenue, Ashburton VIC 3147
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Ashburton is a tightly held, premium suburb in Melbourne’s inner east. Median house prices hovered near $2.0 million over the past year, but growth was mixed: +0.56% to +5.5% depending on the measure. Professionals on high incomes drive demand; only 23% are renters and 40% own outright, keeping turnover scarce. Houses took 44–78 days to sell, with a 62.1% house auction clearance (units 100%), indicating selective but firm buying. Sales volumes fell sharply—houses down 7.3%, units down 50%—and gross rental yields sit near 2.8%, making this a low-yield, price-sensitive market. Future gains depend on continued professional employment and income strength, but affordability constraints, rate sensitivity, and fading transaction activity remain key risks.
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PropCred Estimated Value
Comparable Sales: 17 Warner Avenue sold at $1.85M in 2017; 29 Warner Avenue reflects premium family-home pricing | Property Price Band: $2.1M–$2.2M | Value Drivers: land size, rebuild potential, school catchment and park proximity
Bedrooms
4
Bathroom
2
Parking
2
Land
612m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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