109 Crown Street, Flemington VIC 3031

109 Crown Street, Flemington VIC 3031
Double-front Victorian | quiet cul-de-sac | fully renovated interior | four-bedroom family format | auction scheduled. This property presents a competitively strong offering as a fully transformed period home on a usable block within a quiet street, a combination that is increasingly rare in inner Melbourne. The comprehensive renovation removes immediate capital expenditure risk for a buyer, while the four-bedroom, two-bathroom configuration directly targets the family segment, which sustains consistent demand in established suburbs. Its position within the Mount Alexander College catchment adds a tangible layer of value for that buyer profile, and the auction date set just weeks after listing indicates vendor confidence in a heated market segment. This house serves a buyer seeking a move-in ready, low-maintenance period home without the premium for larger land or off-street parking. The decision hinges on the price discovery of auction against the clear compromise of no specified parking, a material deficit that will permanently constrain its appeal and liquidity. The provided comparables demonstrate the premium for larger land and parking, placing this property’s value squarely in the upper band of its quoted range given its renovation quality. You should bid with the discipline that the lack of parking imposes a hard ceiling on long-term capital growth relative to peers. Secure it at auction only if the final price reflects this inherent limitation, otherwise it represents an overpayment for finishes alone. Hold as a long-term primary residence where the street quality and layout outweigh the parking trade-off. * **60-62 Canterbury Street:** 5 bed, 3 bath, 4 parking, 685mΒ² land. Price: $3.49M-$3.839M. * **49 Railway Place West:** 3 bed, 2 bath, 2 parking. Auction guide: $1,050,000-$1,150,000. * **5 Eltham Street:** 3 bed, 1 bath, 224mΒ² land. Auction guide: $1,100,000-$1,200,000. * **123 Edinburgh Street:** 3 bed, 2 bath, 190mΒ² land. Auction guide: $960,000-$1,020,000. * **4 Finsbury Street:** 2 bed, 1 bath. Auction guide: $1,050,000-$1,150,000. The comparable listings validate the quoted price guide for 109 Crown Street, positioning it as a premium product within the three-to-four-bedroom segment of Flemington. Its value proposition is its turn-key condition and larger bedroom count on a mid-size block, justifying a price above the simpler three-bedroom homes but well below properties with significant land and parking assets.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Flemington presents a compelling, dual-speed market where houses offer stable, long-term growth while units demonstrate exceptional recent capital appreciation. Demand is driven by buyers seeking relative value and strong rental yields, particularly for the unit sector. The market is active, with houses selling efficiently and overall sales volume increasing. Future growth is anchored by its established character and the unit market’s robust performance, though the divergence in price trends between property types indicates a nuanced and segmented market dynamic.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

-

Land

379mΒ²

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