185 Springfield Road, Blackburn North VIC 3130
185 Springfield Road, Blackburn North VIC 3130
Single-level 3/2/2 | Leafy established street | Family/downsizer appeal | Character with updates | Compact 371m² block
A genuinely livable single-level house is presented by this weatherboard home, with a configuration that is rarely found in this segment. The 3-bedroom, 2-bathroom layout with two car spaces is considered practical for families and downsizers alike. Character details such as ornate cornices, timber floors, and a fireplace have been retained alongside a modern kitchen and split-system cooling. The 371 m² block is described as compact but low-maintenance, and the absence of overlays is seen as simplifying future updating or extension. The best fit is thought to be buyers seeking move-in-ready character housing without strata constraints.
Value may be shaped by the mix of original character and modern updates. The combined laundry bathroom could be weighed as an upgrade cost, and the 371 m² footprint might be seen as limiting major extensions. Yet the single-level layout, established school catchments, and absence of strata constraints may be expected to support steady resale interest. A bathroom refresh might be factored into the buyer’s view, balanced against the already-renovated kitchen and climate systems.
Detailed Independent Property Report prepared by PropCred Analyst team for 185 Springfield Road, Blackburn North VIC 3130
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
This is a family-dominated suburb: 76% of households are families, averaging 2.8 people, with half of owners holding mortgages. Houses remain the core market, selling in 19–33 days and achieving a median of roughly $1.4 million, with annual growth between 3.2% and 11.2% depending on the source. Rents are firm, with four-bedroom houses at $800 weekly and three-bedroom at $630, supporting gross yields near 2.4%. The engine is owner-occupier demand for family housing, reinforced by tight supply—only 101–121 house sales annually. Units are the constraint: median prices have fallen 5.5% to 17.5% year-on-year, with slower turnover and lower volumes, while house prices hold. Future growth drivers rest on continued family demand and the persistent shortage of houses, but the soft unit segment and rising mortgage costs temper momentum.
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PropCred Estimated Value
Comparable Sales: 3/2/1 unit on Springfield Rd sold $965k (Sep 2024); 3/2/1 house sold $859k (Oct 2023) | Property Price Band: $900k–$1M | Value Drivers: single-level layout, character finishes, school catchment
Bedrooms
3
Bathroom
1
Parking
1
Land
371m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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