28 Harold Street, Blackburn VIC 3130

28 Harold Street, Blackburn VIC 3130
Renovated family scale | north-facing guest suite | in-ground pool | Blackburn schools zone The case for this house rests on its rare combination of five bedrooms and six bathrooms on a single level, a configuration that is scarce in Blackburn and gives a family genuine separation without vertical living. The north-facing guest suite and home theatre are not cosmetic additions; they functionally extend how a household can occupy the space, and the 42% site coverage leaves a generous 345 square metres of outdoor area anchored by the pool. This property suits a buyer who prioritises move-in luxury and school zoning over land banking, and who values a home that can absorb multi-generational living or frequent entertaining without compromise. The primary risk is price: the current listing range sits well above the automated estimate and the 2021 pre-renovation sale, meaning the buyer is paying a full premium for the renovation and pool. That premium is commercial only if the house holds its value through the next cycle, which is more likely given the low supply of finished five-bedroom homes in this corridor. The opportunity is in the lack of heritage or flood overlays, which keeps future extension or subdivision optional. Hold this property as a long-term family home and let the school catchment and limited local supply underwrite its value floor.
Detailed Independent Property Report prepared  by PropCred Analyst team for 28 Harold Street, Blackburn VIC 3130
Checks found:
Value Risk ✕ 2
Liquidity Risk ✕ 2
Planning Risk ✓
Income Risk ✓
Execution Risk ✓
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Market Insight

Blackburn presents as a well-established eastern suburb with strong transport connectivity. Demand is driven by a balanced mix of owner-occupiers and investors, evidenced by high auction clearance rates and consistent sales volumes. The housing market demonstrates robust growth, while the unit sector shows more dynamic, albeit varied, performance. Future prospects are underpinned by sustained buyer activity, though market conditions indicate some normalisation in selling times and price sensitivity.
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PropCred Estimated Value

Bedrooms

5

Bathroom

6

Parking

2

Land

591m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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