36 Adam Street, Burnley VIC 3121
36 Adam Street, Burnley VIC 3121
Compact house | 259m² block | 2-bed layout | inner-east school corridor | tight Burnley market
This is a genuinely scarce offering for Burnley: a detached house on a compact 259m² block in a suburb where houses are rarely listed and quickly absorbed by buyers who value walkable access to schools, transport, and the amenity of the inner east. The two-bedroom configuration suits a professional couple, a downsizer seeking single-level convenience, or a small family prioritising catchment proximity over internal space. Its strength lies in the combination of house-form tenure and a land component that, while modest, offers more flexibility than any apartment in the same postcode. The property’s character is typical of the area’s older cottage-style stock, and its appeal is anchored in location efficiency rather than expansive footprint. For the right buyer, this is a low-maintenance entry into a tightly held pocket where house supply is structurally limited.
The 259m² land size may constrain future extension potential, and the absence of confirmed interior condition means the final price will hinge heavily on presentation and any recent renovations. A buyer should weigh whether the current layout meets their needs without modification, as renovation costs in this area are significant. School proximity is a genuine value driver, but catchment boundaries can shift, so verification is prudent. The modest block and older construction may also limit appeal to buyers seeking turn-key modern finishes, which could narrow the competitive field and create negotiation room if the interior is dated.
Detailed Independent Property Report prepared by PropCred Analyst team for 36 Adam Street, Burnley VIC 3121
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Burnley, four kilometres from the CBD and bounded by the Yarra, is a leafy riverside enclave mixing period homes, townhouses and modern apartments. Demand is led by higher-income young professionals and families seeking green space and direct city links, drawn to Burnley Gardens and river trails. House prices sit between $1.32 million and $1.425 million, yet annual capital growth has contracted 11.3 percent, with 13 sales over the year and a median 39 days on market. Units are steadier: a $635,000 median, off just 0.4 percent, with recent sales ranging from $282,000 to $435,000. Gross rental yield is 4.7 percent and weekly median rent is $500, while one-bedrooms command $450 versus a $475 metro benchmark. Inventory is exceptionally thin—three properties for sale and three for rent—which maintains competition. The core constraints remain affordability and rate sensitivity, reinforced by negative house price momentum in the past year.
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PropCred Estimated Value
Comparable Sales: 31 Adam Street sold $1.37M | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, school proximity, house-form rarity
Bedrooms
2
Bathroom
1
Parking
-
Land
255m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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