16 Forster Street, Ivanhoe VIC 3079
16 Forster Street, Ivanhoe VIC 3079
Large 733m² block | 302m² Californian Bungalow renovated | 4-bed family scale | Elevated cul-de-sac | No overlay constraints
This house holds a rare combination in Ivanhoe: a genuinely large landholding paired with a substantial, renovated family floor plan. The 302m² building footprint on 733m² gives you generous living zones and outdoor space without the maintenance load of a sprawling estate. The Californian Bungalow character, updated for modern family living, appeals directly to buyers wanting period charm without sacrificing contemporary comfort. With four bedrooms, two bathrooms, and solar panels already in place, this is a move-in-ready proposition for a family upgrading within the inner north-east. Its elevated cul-de-sac position adds privacy and a quieter streetscape, reinforcing its premium position in the local detached-house market. This suits an owner-occupier seeking long-term family accommodation rather than an investor chasing yield.
The property’s value may be shaped by its high building coverage at 41%, which limits future extension potential but also means the existing house already delivers substantial internal space. The absence of heritage, flood, or bushfire overlays reduces planning uncertainty, while the surrounding infill townhouse development could gradually alter street character over time. The original construction era is unconfirmed, so prospective buyers should budget for potential maintenance on older elements like roofing or wiring, even with the renovation. Rental demand appears steady but modest, with yields typical of a premium suburb where capital growth, not income, drives buyer decisions. The large land size and family configuration will likely hold value well, but the price point sits near the higher end of local expectations, so negotiation room may be limited by comparable sales in the street.
|| Comparable Sales: 62 Forster Street sold $1.715M (4-bed townhouse, 228m²) | Property Price Band: $1.9M–$2.1M | Value Drivers: Land size 733m², renovated period character, elevated cul-de-sac location
Detailed Independent Property Report prepared by PropCred Analyst team for 16 Forster Street, Ivanhoe VIC 3079
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Ivanhoe is a premium, established suburb with a strong owner-occupier market driven by affluent professionals. Demand is robust, evidenced by high sales volumes and rapid turnover for houses, which have seen significant capital growth. The unit market, however, faces headwinds with softening prices. Future growth is underpinned by sustained high demand and rental growth, though key constraints include high entry prices limiting affordability and divergent performance between housing segments.
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PropCred Estimated Value
Comparable Sales: 62 Forster Street sold $1.715M (4-bed townhouse, 228m²) | Property Price Band: $1.9M–$2.1M | Value Drivers: Land size 733m², renovated period character, elevated cul-de-sac location
Bedrooms
4
Bathroom
2
Parking
2
Land
733m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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