26 Shirley Street, St Albans VIC 3021
26 Shirley Street, St Albans VIC 3021
Large 786m² block in an older St Albans pocket | Detached 3-bed house with single garage | Flood overlay may shape future plans | Solid family and investor demand | Strong land-to-building ratio
The defining strength here is the land. At 786m², this house sits on a block that is materially larger than much of the surrounding housing stock, which leans toward smaller lots, units, and townhouses. That size gives a genuine flexibility that most nearby properties lack—room to extend, rework the floorplan, or pursue a more ambitious project if approvals allow. The house itself is straightforward: three bedrooms, one bathroom, two toilets, floorboards, and built-in robes. It is not a premium finish, but it is a functional, honest layout. The flood overlay is the one constraint that needs early attention, as it may influence drainage, design, and insurance costs. This property suits a buyer who values land over polish—someone willing to invest sweat equity or hold for longer-term potential.
Value here is driven less by the current house and more by what the site allows. The flood overlay may add cost or complexity to any future work, so that should be weighed carefully. The older build era suggests the condition may vary, and any renovation will need a realistic budget. Rental demand appears steady rather than exceptional, with income potential likely moderate. The surrounding area is established, with schools, transport, and health services nearby, which supports a consistent buyer pool. A buyer should assess the flood overlay’s practical impact, the house’s structural condition, and how much they value the large block versus a move-in-ready home elsewhere.
Detailed Independent Property Report prepared by PropCred Analyst team for 26 Shirley Street, St Albans VIC 3021
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
URL has been copied successfully!
Market Insight
St Albans, in Melbourne’s outer west, is a mid-priced market attracting working households and investors drawn by affordability. House prices have risen 7.6-8.9% annually to a $705,000-$710,000 median; units are stronger, up 10.8-12.7% to $545,000. Sales volumes hold at 388-443 houses yearly, but days on market span 33-92, signalling uneven demand. Rental growth supports investors: house rents up 5.3% to $500 weekly, with gross yields 3.6-3.8% for houses and 4.2-4.8% for units. Future growth relies on Melbourne’s scale and affordability; however, a 57.8% auction clearance and 6.5% annual sales dip are key constraints.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 36 Shirley Street sold around $670k (587m², 1968 build); 19 Shirley Street sold May 2022 (678m²) | Property Price Band: $700K–$800K | Value Drivers: land size, flood overlay impact, condition and renovation scope
Bedrooms
3
Bathroom
1
Parking
2
Land
786m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!