15 Raymond Street, Ashwood VIC 3147
15 Raymond Street, Ashwood VIC 3147
Large 787 m² block | classic family house | school-walk catchment | redevelopment angle | four-bedroom layout
This is a solid family house on one of the bigger blocks in the street, and that land is the real story here. At 787 m² with a rectangular shape, it sits above typical suburban lots and gives you options that smaller nearby townhouses simply cannot offer. The four-bedroom, two-bathroom layout with a walk-in robe and ensuite to the master works well for a growing family, especially with Parkhill Primary and Ashwood High within walking distance. The ducted heating, evaporative cooling, and split-system air conditioning cover climate needs across seasons, and the gated driveway with a two-car carport adds practical everyday function. This property suits a buyer who wants a comfortable home now but also values the long-term potential of a larger site in an established, well-connected pocket near Jordanville Station, Deakin University, and local shopping.
The value picture here is shaped by the balance between the existing house and what the land might allow. The listing itself mentions future development potential subject to council approval, which suggests the site carries weight beyond the current dwelling. That said, the house is described as classically appealing rather than recently renovated, so its internal presentation may feel dated compared to newer stock. Buyers should weigh whether they are paying for the home as it stands or for the land and its possibilities. The rectangular allotment and street position are positive signals, but any redevelopment path would need careful feasibility work. The property’s price band likely reflects this dual character, and the right buyer will see value in either living in it as is or exploring what the site could become.
|| Comparable Sales: 26A Raymond Street sold for $825,000 in October 2024; 11 Raymond Street indicated around $1.47M–$1.58M | Property Price Band: $1.3M–$1.4M | Value Drivers: land size, rectangular shape, school catchment position, redevelopment potential
Detailed Independent Property Report prepared by PropCred Analyst team for 15 Raymond Street, Ashwood VIC 3147
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Ashwood, in Melbourne’s inner east, sits near major roads, train stations and local amenities. Demand is led by young families, with high owner-occupancy and strong school catchments. Median house prices range from $1.43m to $1.5m, with annual growth of 0.7%–2.77%; units show mixed signals, with YIP recording 12.62% growth but Property.com.au and Woodards showing declines. Sales volume is moderate at 76–99 houses annually. Rental demand remains firm: house rents $665–$750 weekly, units around $700, with gross yields 2.2%–3.4% for houses and 3.67%–3.9% for units. Future drivers include infrastructure access and family housing stock, but high entry prices and rate sensitivity constrain growth.
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PropCred Estimated Value
Comparable Sales: 26A Raymond Street sold for $825,000 in October 2024; 11 Raymond Street indicated around $1.47M–$1.58M | Property Price Band: $1.3M–$1.4M | Value Drivers: land size, rectangular shape, school catchment position, redevelopment potential
Bedrooms
3
Bathroom
2
Parking
2
Land
787m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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