36 Manfred Avenue, St Albans VIC 3021
36 Manfred Avenue, St Albans VIC 3021
Established street presence | 1960s brick construction | Traditional family layout | Strong rental demand | Flood overlay to verify
This property sits within an established residential pocket where detached housing on generous allotments remains the dominant form. Its 1960s construction signals solid bones, conventional room proportions, and a layout that suits families seeking proximity to schools and public transport. The configuration—likely three bedrooms, single bathroom, and a functional kitchen—appeals most to owner-occupiers wanting a manageable project or first-home buyers entering the suburb at a realistic price point. The street itself carries a quiet, settled character, reinforced by a mix of original homes and infill units, which supports long-term stability rather than speculative spikes. For investors, the rental profile suggests consistent occupancy, though the property’s age may require periodic upkeep.
The flood overlay flagged for nearby properties may or might affect insurance premiums or future renovation costs, so a council planning check before committing is prudent. The land size—around 650 square metres—offers redevelopment potential, but zoning and overlay constraints could limit what is permissible. Condition and presentation will likely drive the final figure more than location alone, as the suburb’s demand is steady rather than exceptional. Buyers should weigh the cost of modernising an older interior against the benefit of securing a freehold house in a tightly held street. A building inspection would clarify structural integrity, while a title search confirms any easements or restrictions that might impact extensions or subdivision.
Detailed Independent Property Report prepared by PropCred Analyst team for 36 Manfred Avenue, St Albans VIC 3021
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
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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.
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PropCred Estimated Value
Comparable Sales: 13 Manfred Avenue sold near $550k previously; 3/21 Manfred Avenue unit at $595k | Property Price Band: $600,000–$700,000 | Value Drivers: Land size, original condition, street position, flood overlay impact
Bedrooms
3
Bathroom
1
Parking
5
Land
650m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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