24 Addison Street, Moonee Ponds VIC 3039
24 Addison Street, Moonee Ponds VIC 3039
Detached house on generous 540m² block | 3 bed 2 bath profile | Established family-friendly pocket | Unconfirmed interior condition
The competitive strength of this property is found in its detached house format on a 540m² block, which is larger than typical attached housing in the suburb. Such land parcels are rare in this established pocket and are often awarded a premium. Owner-occupiers or upsizers seeking family space are best served here, with renovation potential adding appeal. No overlays are detected, allowing flexibility for future changes.
The value of this property may be influenced by unconfirmed finishes and age. Land size is considered a strong price driver, but interior condition must be weighed. Buyers are advised to consider renovation costs when forming a price view. Market demand for detached homes in this pocket might support a premium, though unverified build details suggest a cautious approach.
Detailed Independent Property Report prepared by PropCred Analyst team for 24 Addison Street, Moonee Ponds VIC 3039
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Market Insight:
Moonee Ponds is a premium, high-demand suburb with a demographic skew towards affluent, younger professionals, evidenced by its strong household incomes. Demand is driven by this established resident base seeking quality housing, though recent quarterly price declines and a lower clearance rate indicate a softening market and emerging affordability pressures. Future growth is underpinned by sustained rental demand and solid yields, yet the suburb’s premium pricing relative to broader Melbourne presents a key constraint, potentially tempering buyer activity in the near term.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
540m²
Assessments Delivered Today
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