26 Catalina Avenue, Ashburton VIC 3147
26 Catalina Avenue, Ashburton VIC 3147
1940 character house | 718 m² block | 16 m frontage | North-facing living | 3-bed 1-bath
The property stands out for its unusually generous 718 m² allotment and 16 m frontage, rare for a suburb where most detached houses trade on smaller suburban blocks. The 1940 construction, north-facing living room, and established front and rear gardens give it a genuine period character that is often lost in newer infill. It is best suited to families seeking a leafy, walkable pocket with good school catchments, as well as renovators and builders looking for a site with redevelopment potential. The layout, including separate dining, a study, and a neat gas kitchen, works well for everyday family living, while the lock-up garage and carport provide practical parking. Overall, the property is positioned as a solid family house on a rare large parcel in a tightly held, owner-occupied suburb.
Value may be influenced by the original fabric, which might require updating, and the single bathroom, which could be a constraint for some buyers. The large landholding and north-facing orientation might also support a future extension or rebuild, subject to council approval, adding flexibility. Presentation and garden condition may shape how quickly the property appeals, while the absence of detected planning overlays may strengthen its redevelopment case. Buyers should weigh the trade-off between the existing character home and the land-based opportunity, as the final price often reflects the site value more than the house itself.
Detailed Independent Property Report prepared by PropCred Analyst team for 26 Catalina Avenue, Ashburton VIC 3147
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Ashburton is a tightly held, premium suburb in Melbourne’s inner east. Median house prices hovered near $2.0 million over the past year, but growth was mixed: +0.56% to +5.5% depending on the measure. Professionals on high incomes drive demand; only 23% are renters and 40% own outright, keeping turnover scarce. Houses took 44–78 days to sell, with a 62.1% house auction clearance (units 100%), indicating selective but firm buying. Sales volumes fell sharply—houses down 7.3%, units down 50%—and gross rental yields sit near 2.8%, making this a low-yield, price-sensitive market. Future gains depend on continued professional employment and income strength, but affordability constraints, rate sensitivity, and fading transaction activity remain key risks.
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PropCred Estimated Value
Comparable Sales: 1940s 3-bed on 700 m² sold $1.58M; 1938 3-bed on 680 m² sold $1.65M | Property Price Band: $1.5M–$1.6M | Value Drivers: land size, north-facing layout, original condition
Bedrooms
3
Bathroom
1
Parking
2
Land
718m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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