40 Fakenham Road, Ashburton VIC 3147
40 Fakenham Road, Ashburton VIC 3147
4-bed family house | 4-car parking is the rare edge | walk to village and train | tightly held Ashburton pocket | mixed streetscape to weigh
The four-car parking is best understood as the standout edge; most family houses are offered with two spaces. This property is made unusually practical for families with multiple vehicles or a workshop. The 4-bed, 2-bath layout is directly aimed at family buyers, and the location is seen as convenient to Ashburton village, the station, parkland and schools. The street is characterised by a mix of period homes, renovated houses and newer townhouses, so the buyer pool is broadened. The property is likely to appeal most to family upsizers and executives seeking generous parking and walkable amenity without a large garden. That combination is rarely found in a tightly held pocket.
Final value may be influenced by land size and building condition. Buyer perception might be affected by the mixed streetscape, especially privacy and noise exposure. A premium could be added by a north-facing garden or modern finishes, while a compact block or dated interior may temper the ceiling. These factors should be weighed when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 40 Fakenham Road, Ashburton VIC 3147
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
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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: 28 Fakenham Road, a 2022 4-bed, 3-bath, 2-car house, sold for $2.05M in 2026 | Property Price Band: $2.2M-$2.3M | Value Drivers: condition, land size, layout and presentation
Bedrooms
3
Bathroom
1
Parking
1
Land
665m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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