268 Amess Street, Carlton North VIC 3054
268 Amess Street, Carlton North VIC 3054
Balcony terrace configuration | Heritage interior throughout | Multi-level family layout | Rear street access potential | Long-held period property
This is a genuinely rare configuration for Carlton North: a full-sized Victorian balcony terrace with two substantial living levels, four bedrooms, and a separate rear garden. The double-arched hallway, timber staircase, high moulded ceilings, and original fireplaces give the interior a standout period quality that many renovated terraces lose. The floorplan is flexible enough for a family or professional couple wanting multiple living zones, with the ground-floor bedroom arrangement suited to guests or older children. The rear outdoor space and upper terrace add everyday amenity, while the Mary Street boundary creates a practical rear-access option and, subject to council approval, renovation or build potential. The property sits comfortably in Carlton North’s established heritage streetscape and is best suited to buyers who value intact period character, walkability to village retail, trams, and parks, and long-term family housing rather than a low-maintenance apartment or townhouse.
The main value considerations are the property’s size, rear boundary condition, and heritage context. The Mary Street rear access may support a future rear extension, studio, or improved garden access, but any change would be subject to heritage controls and council approval, so its potential should be weighed cautiously. The upstairs living area, formerly two bedrooms, might be converted back if a buyer prioritises a fifth bedroom, but that would reduce living space. Condition and presentation are likely to be the strongest price drivers, given the home’s long ownership and original detailing. While off-street parking is not confirmed, the property’s rarity and character may offset that limitation for most buyers.
>> Comparable Sales: 258 Amess Street at $1.24M | Property Price Band: $3.2M–$3.5M | Value Drivers: heritage condition, rear access potential, flexible layout
Detailed Independent Property Report prepared by PropCred Analyst team for 268 Amess Street, Carlton North VIC 3054
Checks found:
Value Risk
!
1
Liquidity Risk
!
1
Planning Risk
✓
Income Risk
✓
Execution Risk
✕
2
Market Insight
Carlton North holds a premium inner-north position: house medians run at $1.765m, units at $825k. Professionals and families drive demand, evidenced by 2-bed houses at $1.43m and 3-4 bed sales to $4.38m, with an 84.4% clearance rate and 104 house sales. Annual price growth is strong at 12.06% for houses and 19.39% for units. Transport links via Lygon Street trams and nearby train lines anchor the suburb, but constraints are clear: affordability is stretched above $1.7m, unit supply is thin at 12 sales a year, and houses take 54 days to sell, indicating rate sensitivity.
PropCred Estimated Value
Bedrooms
5
Bathroom
2
Parking
-
Land
212m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst