19 Ramsay Street, Aberfeldie VIC 3040
19 Ramsay Street, Aberfeldie VIC 3040
3-bedroom, 1-bathroom period-style weatherboard house on a 761 sqm lot with hardwood floors, split-system heating/cooling, a rear bungalow, and side driveway parking for two cars.
This property is competitively strong primarily for its substantial landholding in a tight, family-friendly pocket of Aberfeldie, where lots are typically smaller. The 761 sqm block, directly opposite a primary school and sports club, offers rare redevelopment or rebuild potential, making it most suited to developers or investors seeking a premium landholding. Its period-style weatherboard character and generous backyard distinguish it from the suburb’s newer builds and townhouses, while the blue-chip location provides walking access to shops, transport, and renowned schools.
The property’s value may be materially affected by the uncertainty of council approval for redevelopment or rebuild, as this introduces a risk that should be weighed against the land’s potential. The period-style home itself, while featuring hardwood floors and practical layout, may require renovation to meet modern standards, which could influence the final price. The premium pricing for this landholding might also result in a lower rental yield, a factor for investors to consider when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 19 Ramsay Street, Aberfeldie VIC 3040
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Aberfeldie is a prestigious, established riverside suburb characterised by leafy streets and premium family homes, positioning it firmly in Melbourne’s high-end market. Demand is driven by affluent professionals and families seeking its enviable lifestyle, supported by high rates of home ownership. Recent price trends show some softening, with market data indicating mixed performance, while houses sell relatively quickly. Future growth is underpinned by its enduring appeal, though high entry prices and low rental yields present constraints, indicating sensitivity to broader economic conditions.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
761m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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