25 Kerferd Road, Albert Park VIC 3206

Victorian terrace row | heritage protected envelope | 162sqm lot | walk to beach and village The property’s competitive strength lies in its rare combination of a full four-bedroom layout within a heritage terrace on a compact but usable 162sqm lot, offering a floorplan that is difficult to find in this Albert Park strip. The sympathetic renovation preserves period detail while delivering modern family function, which positions it well against newer infill stock that lacks the same streetscape gravitas. For a buyer seeking a low-maintenance, lock-and-leave family home with immediate access to the lake, beach, and village amenities, this house provides a turnkey solution without the compromise of apartment living. The heritage overlay ensures long-term character retention, though it also constrains future external alterations. The primary risk is the price guide sitting below the last recorded sale, which may indicate a softening in this segment or a vendor motivated by timing rather than condition. The 68% site coverage leaves limited room for expansion, and any renovation will require heritage approval, adding cost and delay. For an investor, the rental yield at roughly 2.2% gross is below benchmark for the suburb, and the expression-of-interest campaign may attract competing bids from downsizers or families who value the school zone access. The buyer’s edge here is in acting decisively before the campaign matures — hold this property for its positional scarcity and let the heritage premium compound over a five-to-seven-year horizon.