47 Hick Street, Spotswood VIC 3015
47 Hick Street, Spotswood VIC 3015
Family-sized floorplan | tree-lined street | strong rental demand | larger lots | condition varies
This property is set in a residential pocket of Spotswood where larger family houses and newer infill townhouses are found together. The main edge is provided by a family-sized layout on a block with real presence. It is best matched to a family buyer or upgrader wanting separate living spaces and room for children. Resale is supported by strong rental demand for this product type, so the purchase is not dependent on a single buyer profile. The tree-lined setting and mix of house styles are reinforced by a settled street character, and access to Spotswood Primary and Bayside P-12 is given practical weight for families.
The condition and finish should be treated as the largest price influence, with renovated homes valued well above those needing substantial work. Unfinished renovation, floorplan quality, and extension or redevelopment potential are the key factors to be weighed. Freeway noise may be present, so it should be assessed in person with orientation, side access, and lot width.
>> Comparable Sales: 5B Hick Street (4-bed townhouse, 296m²); 41 Hick Street (5-bed family home, 595m²) | Property Price Band: $1.8M to $1.9M | Value Drivers: lot size, condition and renovation level, floorplan flexibility
Detailed Independent Property Report prepared by PropCred Analyst team for 47 Hick Street, Spotswood VIC 3015
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Spotswood, in Melbourne’s inner west, is a tightly held, professionals-driven market with strong transport links to the CBD. Demand centres on 30-39 year-old professionals and families; 42% of dwellings are mortgaged, reflecting active buyer participation. House prices have held near $1.2 million, though annual growth varies from -4.1% to +12.7% across sources, signalling a mixed, price-sensitive environment. Units are the stand-out segment, with median prices around $981,000 and growth up to +29.8%, drawing investor interest. Rental yields remain modest at 2.9–3.3% for houses and 3.1% for units. Low sales volume-about 44 houses annually-and short selling times of 17–49 days point to constrained supply. Future activity depends on transport and infrastructure links, but affordability and rate sensitivity are key constraints.
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PropCred Estimated Value
Bedrooms
5
Bathroom
3
Parking
2
Land
350m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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