36A Drake Street, Brighton VIC 3186
36A Drake Street, Brighton VIC 3186
This is a double-storey, double-brick five-bedroom family house on a 588-square-metre lot with two bathrooms, a main suite with marble ensuite, a study, a gourmet kitchen with stone benchtops and Miele appliances, and two-car remote garage plus additional secure parking, set behind high walls and wrought-iron gates on a tree-lined boulevard near the Golden Mile foreshore, Elsternwick Park, and Elwood Beach, within walking distance of boutique cafés on Martin Street, Bay Street shopping, and elite schools including Brighton Grammar, Firbank Grammar, and Star of the Sea College.
This property’s competitive strength lies in its rare combination of generous family proportions, solid double-brick construction, and a premier position on a tree-lined boulevard steps from the foreshore and top-tier schools. The five-bedroom configuration, dedicated study, and spacious retreat make it a practical choice for affluent families seeking both space and prestige, while the high walls and wrought-iron gates offer privacy and security uncommon in this price tier. Within Brighton, this house sits above typical family stock due to its finishes, lot size, and immediate proximity to beaches and elite institutions, serving buyers who prioritise enduring quality, walkability to lifestyle amenities, and a low-density, established neighbourhood character.
Several factors may materially affect this property’s value and sale price. The absence of a confirmed construction date could influence buyer perception of maintenance needs for a double-brick older house, though the “timeless elegance” phrasing suggests it is well-maintained. The north-south aspect is not verified, which may matter for light and garden orientation. The $3.5–3.65 million price range reflects a premium for location and finishes, but without recent comparable sales data, the value proposition relies on the property’s rarity and school catchment demand. Buyers should weigh the cost of potential upgrades against the secure, low-supply position in a high-demand suburb where such properties are infrequently available.
Detailed Independent Property Report prepared by PropCred Analyst team for 36A Drake Street, Brighton VIC 3186
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Brighton remains a premier bayside suburb, though its prestige housing market is currently experiencing a period of price consolidation and softening, particularly within the unit segment. Investor demand is a key driver, supported by exceptionally low vacancy rates and solid rental growth, indicating a tight and competitive rental environment. Future performance is likely to be constrained by affordability pressures and sensitivity to broader economic conditions, with a notable divergence in momentum between the slower-moving unit market and the more resilient, albeit cautious, house market.
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PropCred Estimated Value
Bedrooms
5
Bathroom
2
Parking
2
Land
588m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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