23 Ashlar Cres, Blackburn VIC 3130
23 Ashlar Cres, Blackburn VIC 3130
New 4-bed family house | compact 345m² block | premium Blackburn pocket | near Cootamundra Walk | high-end finishes
This is a rare product for Blackburn—a newly built, four-bedroom family home with three bathrooms and a study, positioned on a compact, low-maintenance block. The house is finished to a premium standard, with the kind of timeless architecture and contemporary detailing that appeals to buyers who want move-in quality without renovation risk. Its strength lies in the combination of new-build condition, generous accommodation, and a location that is tightly held and walkable to local amenity. The property best serves families or downsizers trading from larger older homes who value space, presentation, and convenience over land area.
The smaller block size may influence long-term value compared to traditional Blackburn houses on larger lots, though the new build and high-spec finishes could offset this in the current market. The property’s position near Cootamundra Walk adds lifestyle appeal, and the absence of strata or shared walls may appeal to buyers seeking genuine house ownership. Buyers should weigh the premium price against the compact land and consider how the property’s modern format compares to older homes that offer more outdoor space but require updating.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Ashlar Cres, Blackburn VIC 3130
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Blackburn, east of Melbourne, combines established road and rail connectivity with a stable owner-occupier base: 38% mortgaged, 38% outright owners, 21% renters. Houses have a median of $1.65 million, growing 6.8–9.0% annually; units range from $801,000–$872,500, with growth up to 27.9% in some data. Auction clearance rates are firm at 71.9% (houses) and 83.3% (units), with houses selling in 28 days. Infrastructure access and strong family demand support future growth, yet affordability, rate sensitivity, and days on market rising to 46 for houses are key risks. Supply remains limited, with 34 listings in Blackburn North and 15 in Blackburn South. Data inconsistencies across sources point to market fluctuation.
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PropCred Estimated Value
Comparable Sales: 19A Harold Street sold $1.28M; 23 Dewrang Cres estimated $1.77M | Property Price Band: $2.0M–$2.2M | Value Drivers: new-build condition, four-bed layout with study, premium finishes, walkable location
Bedrooms
4
Bathroom
3
Parking
2
Land
345m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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