155 Munro Street, Coburg VIC 3058
155 Munro Street, Coburg VIC 3058
This is a single-storey, three-bedroom, one-bathroom house with two car spaces on 420 square metres. It is a compact, entry-level configuration on a slightly smaller than average Coburg lot, positioned within a vibrant, well-connected suburb eight kilometres from the city.
What is competitively strong about this property is its positioning within a high-demand, tightly held suburb where auction clearance rates are strong and rental demand is elevated. The house serves first-home buyers and investors well, offering a functional footprint on a manageable lot with private parking. Its location near upgraded public transport infrastructure and within a diverse, amenity-rich neighbourhood adds genuine lifestyle appeal. The property’s price guide aligns with the suburb’s typical entry point, making it a rare opportunity for buyers seeking a foothold in an area with solid occupancy and a tight rental market.
What might materially affect value is the single-bathroom configuration, which may limit appeal for families who prefer two bathrooms. The older building stock and lack of recent renovation details could mean a buyer needs to budget for updates. The compact lot size may constrain future extension potential compared to larger neighbouring properties. A buyer should weigh these factors when forming a view on price, particularly if the property requires immediate work to match modern expectations. The strong local demand and transport improvements may offset these constraints, but the property’s ultimate value will depend on how these limitations are managed.
Detailed Independent Property Report prepared by PropCred Analyst team for 155 Munro Street, Coburg VIC 3058
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Coburg is a well-established, gentrifying inner-northern suburb with strong appeal for young families and professionals, driven by its proximity to the CBD and vibrant local amenity. Demand is robust, supported by consistent sales activity and positive price growth across the housing market. Future prospects are underpinned by ongoing gentrification and transport links, though increasing medium-density supply and high house prices present affordability and market sensitivity considerations.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
420m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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