26 Kodre Street, St Albans VIC 3021
26 Kodre Street, St Albans VIC 3021
4BR family house | 586sqm block | $700k-$770k guide | median days on market 33 | no flood or bushfire risk
The 4-bedroom house on a 586sqm block in St Albans carries low catastrophe risk given no flood, bushfire or heritage overlay, but the $700kβ$770k guide sits above the $670k Domain midpoint, meaning the buyer must negotiate toward the lower end to avoid immediate negative equity. The 3.69% rental yield is below what investors typically target in this corridor, though the short 33-day median sell time and high owner-occupier rate of 61% signal strong end-user demand that supports capital stability rather than speculative gain. On balance, this is a hold-for-occupancy property, not a flip or yield play.
The 128sqm floorplan with four bedrooms is a genuine rarity in the western suburbs, where three-bedroom houses dominate, giving a buyer an immediate competitive edge when reselling to growing families. The polished floorboards, shed, and proximity to St Albans Secondary College and primary schools within 1.5km mean the property will appeal to the largest demographic in the corridorβhouseholds with childrenβwithout needing renovation to attract offers. This house best suits a family intending to live in it for at least five years, as the land size and room count will compound in value as the area densifies.
Given the price guide’s upper limit demanding negotiation, your next step is to request a formal building and pest inspection and commission a local agent to run a private comparable sales report for the last three months on Kodre Street and adjacent streets to anchor your offer at or below the market midpoint.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
St Albans presents as a well-connected, established suburb experiencing robust capital growth, particularly in its unit market. Demand is driven by a broad demographic seeking relative affordability within Greater Melbourne, supported by strong rental growth. Recent conditions show a consistently active sales market with solid price appreciation across both houses and units. Future growth is underpinned by this sustained demand, though variable selling periods and a moderate auction clearance rate indicate some sensitivity to broader market conditions.