36 Law Street, Heidelberg Heights VIC 3081
36 Law Street, Heidelberg Heights VIC 3081
Likely townhouse on compact lot | 3 bed 2 bath layout | Secure parking included | Quiet residential street | Near hospital precinct
The property is positioned within a quiet, low-rise residential pocket where newer infill development has delivered modern townhouses with premium finishes. Its configuration is well suited to a range of buyers, including first-home owners seeking a low-maintenance dwelling, downsizers wanting single-level convenience, and investors attracted by the area’s rental demand. The dwelling is considered to offer strong practical appeal through its likely inclusion of secure parking, open-plan living, and climate control. Proximity to hospital precincts and a major university reinforces its desirability, while the modest land area keeps upkeep manageable. This combination of contemporary specification and functional layout gives the property a competitive edge in a suburban market where older housing stock is common.
Valuation may be shaped by the exact land size and outdoor space, as smaller parcels often appeal to investors and downsizers. Condition and presentation might drive interest, with renovated interiors typically commanding stronger demand than dated finishes. The number of bedrooms and parking spaces could also influence price, while ongoing infill activity in the street may gradually support appreciation over time.
Detailed Independent Property Report prepared by PropCred Analyst team for 36 Law Street, Heidelberg Heights VIC 3081
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
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Market Insight
Heidelberg Heights is a mid-priced entry point to Melbourne’s north-east, with house medians near $900,000 and units near $720,000. Demand comes from young families and singles aged 20-39; 57.2% owner-occupiers, while investors target units for 4.46-4.7% yields. House price momentum is mixed: annual growth ranges from -7.24% to 4.8% across sources, with medians of $880,000-$909,000. Units are flat to weaker, falling 0.7-10.5% annually. Stock sells in 33-38 days; rents are $592-$600 for houses and $600-$630 for units. Future support rests on above-average secondary catchments (Viewbank, Banyule), Heidelberg and Rosanna stations, and Ring Road access to Preston and Bundoora. Key risks: affordability near $900,000, rate sensitivity, and variable sales volumes of 78-170 houses a year.
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PropCred Estimated Value
Comparable Sales: 15 Law Street at $800k, 23 Law Street at $683.5k | Property Price Band: $700k-$800k | Value Drivers: Condition, land size, layout
Bedrooms
3
Bathroom
1
Parking
1
Land
578m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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