3/4 Fir Street, Blackburn VIC 3130
3/4 Fir Street, Blackburn VIC 3130
A compact two-bed unit | station-walk location | low-maintenance hold | north-facing light | modest land content
A clear competitive edge is held by this property through its low-maintenance, station-walk position within a suburb where much of the housing stock is larger and more expensive. A north-facing orientation is offered as a genuine comfort feature, and the compact two-bedroom layout serves first-home buyers, downsizers, or investors seeking reliable rental demand without the upkeep of a house. Within Blackburn’s established character of leafy streets and village amenity, this unit is placed at the accessible, practical end of the market.
Value may be influenced by the dwelling’s exact internal condition and the quality of finishes, which cannot be fully confirmed from listing material alone. The floor level and orientation might also shape privacy and light, and precise land content or strata arrangement could affect long-term appeal. These factors should be weighed when forming a view on price, as they determine whether the property presents as a genuine opportunity or a fair market entry point.
>> Comparable Sales: 1 Francis Street (3-bed period home) sold around $1.65M; 2/1 Station Street (3-bed townhouse) sold near $1.02M | Property Price Band: $600K–$700K | Value Drivers: condition, layout, station proximity
Detailed Independent Property Report prepared by PropCred Analyst team for 3/4 Fir Street, Blackburn VIC 3130
Checks found:
Value Risk
✓
Liquidity Risk
!
1
Planning Risk
!
1
Income Risk
✓
Execution Risk
✓
Market Insight
Blackburn, east of Melbourne, combines established road and rail connectivity with a stable owner-occupier base: 38% mortgaged, 38% outright owners, 21% renters. Houses have a median of $1.65 million, growing 6.8–9.0% annually; units range from $801,000–$872,500, with growth up to 27.9% in some data. Auction clearance rates are firm at 71.9% (houses) and 83.3% (units), with houses selling in 28 days. Infrastructure access and strong family demand support future growth, yet affordability, rate sensitivity, and days on market rising to 46 for houses are key risks. Supply remains limited, with 34 listings in Blackburn North and 15 in Blackburn South. Data inconsistencies across sources point to market fluctuation.
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
76m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst