117 Clarke Street, Northcote VIC 3070
117 Clarke Street, Northcote VIC 3070
Renovated Victorian terrace | north-facing courtyard | rear access | flexible front room | Northcote period street
The property combines a character-rich Victorian facade with a genuinely functional rear extension, giving it an edge over many period homes where the original layout remains untouched. The three-bedroom, two-bathroom configuration is practical for a family or a downsizer seeking single-level living, and the flexible front room adds versatility as a study or guest space. Polished floors, high ceilings, and intricate cornices give the front a sense of heritage depth, while the open-plan rear with industrial-style doors and a north-facing courtyard creates a bright, private outdoor flow. This kind of balance between original detail and contemporary comfort is not common in Northcote’s terrace stock, and the rear access to a covered yard further strengthens its appeal for buyers who want both period charm and everyday usability. As a result, it sits comfortably at the upper end of the suburb’s renovated terrace market, serving owner-occupiers who value walkability to Westgarth Village, Merri Creek, and transport.
The property’s value may be shaped by the lack of confirmed land size and no explicit off-street parking, which could affect its comparison with other terraces in the street. The north-facing courtyard and rear access might offset those constraints for many buyers, but the final price could depend on how the flexible front room is presented and how the open-plan rear extension meets expectations for light and space. Market conditions and buyer competition in the inner north may also influence outcomes, while the property’s condition and presentation should support a stronger result than more original or less-updated homes.
Detailed Independent Property Report prepared by PropCred Analyst team for 117 Clarke Street, Northcote VIC 3070
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Northcote is a well-established inner-suburban market of roughly 25,250 residents, dominated by families and singles with a mixed owner-renter profile. House demand is driven largely by owner-occupier families; younger professionals and students support the unit segment for affordability and lifestyle. Median house prices are near $1.7 million, with annual growth between 4% and 8.1% across sources; units range around $570,000–$682,000, with growth flat to negative (–6.6% to +1%). Houses sell in a median 29–39 days, and auction clearance rates are high at 75.4% for houses and 74.5% for units. The Northcote Plaza redevelopment into a modern mixed-use precinct is a key future growth driver. Constraints include softening unit values, high house entry costs, and a market sensitive to rate changes. Annual sales volumes are robust: 302 houses and 204 units.
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PropCred Estimated Value
Comparable Sales: 17 Clarke Street sold December 2023 for $1,175,000 | Property Price Band: $1.2M–$1.3M | Value Drivers: rear extension condition, north-facing courtyard, flexible layout
Bedrooms
3
Bathroom
2
Parking
1
Land
150m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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