12 Stephenson Street, Spotswood VIC 3015
12 Stephenson Street, Spotswood VIC 3015
3 bed family home | Stephenson St, Spotswood | 503sqm block | strong owner-occupier street | 68% auction clearance
This property sits on a generous 503sqm lot in a street where 75% of residents are owners, a signal of long-term neighbourhood stability that appeals strongly to families. The three-bedroom, two-bathroom configuration with three parking spaces is well matched to the local demographic profile, where the largest cohort sits in the 40-59 age bracket and 65% of residents are long-term. The school catchment includes Spotswood Primary within walking distance, reinforcing the family buyer appeal. With only one recent sale recorded on Stephenson Street, buyers face limited direct competition, and the 68% auction clearance rate in Spotswood suggests balanced rather than overheated conditions.
The primary risk is the listing price guide sitting above the recent valuation estimate, which may indicate vendor expectations need to be tested through the auction process. The 2015 purchase price of $1,143,000 shows strong underlying value growth, but buyers should verify whether recent comparable sales support the upper end of the guide. The auction date of 6 June gives approximately three weeks for due diligence, including checking for any structural or compliance issues given the property’s age. For a buyer seeking a well-located family home in a stable, owner-occupied pocket of Melbourne’s inner-west, this property offers a rare combination of land size and street quality that justifies careful pursuit within a disciplined bidding strategy.
Detailed Independent Property Report prepared by PropCred Analyst team for 12 Stephenson Street, Spotswood VIC 3015
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Spotswood is an established inner-west suburb attracting young professionals and families, driving demand for its diverse housing mix. Recent price trends show a stabilising market with some volatility, particularly in the unit segment which has seen strong investor interest. Future growth is underpinned by its proximity to the city and transport links, though high entry prices and supply constraints present ongoing affordability considerations.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
3
Land
503m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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