495 Station Street, Carlton North VIC 3054
495 Station Street, Carlton North VIC 3054
Solid-brick Edwardian with mezzanine master | Study plus flexible rear room | Direct rear lane access | Strong school catchment | Compact 169 sqm footprint
The property is positioned as one of the more distinctive Edwardian houses in a period-heavy street. Real heritage detail is carried by its double-arched entrance, lead-light windows, Baltic pine floors, and high ceilings. Unusual utility is added by the mezzanine-style master, dedicated study, and flexible rear room, all within a compact two-bedroom layout. Everyday liveability is improved by the sunny, brick-paved backyard with direct rear lane access. This house is best suited to professional couples, small families, or downsizers wanting period character, walkability, and school catchment security without taking on a larger renovation.
Value might be influenced most by the 169 m² land size, the lack of listed parking, and the updating required. The compact allotment may be seen as limiting for larger extensions, while the mezzanine layout could be less practical for single-level living. Heritage controls may need to be weighed. Demand may be supported by the study, rear lane access, and school zone.
>> Comparable Sales: 265 Station St, 2-bed Victorian with study, sold $1.35M; 487 Station St, period house, sold $1.28M | Property Price Band: $1.3M-$1.4M | Value Drivers: period condition, rear lane, school zone
Detailed Independent Property Report prepared by PropCred Analyst team for 495 Station Street, Carlton North VIC 3054
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Carlton North holds a premium inner-north position: house medians run at $1.765m, units at $825k. Professionals and families drive demand, evidenced by 2-bed houses at $1.43m and 3-4 bed sales to $4.38m, with an 84.4% clearance rate and 104 house sales. Annual price growth is strong at 12.06% for houses and 19.39% for units. Transport links via Lygon Street trams and nearby train lines anchor the suburb, but constraints are clear: affordability is stretched above $1.7m, unit supply is thin at 12 sales a year, and houses take 54 days to sell, indicating rate sensitivity.
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PropCred Estimated Value
Bedrooms
4
Bathroom
1
Parking
-
Land
172m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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