5 Jessie Street, Northcote VIC 3070
5 Jessie Street, Northcote VIC 3070
5 bed, 3 bath family house | 487m² land, pool and solar | Northcote High and Westgarth Primary zone | Premium family-home segment, low rental yield
This is a genuinely substantial family house for inner Northcote, where much of the stock is smaller terraces or boutique apartments. The 487m² landholding with a 165m² built form gives rare spatial flexibility, and the pool plus solar panels lift it well beyond the standard renovated home. It sits in a quiet residential pocket with strong school zoning, making it a natural fit for upsizing families who want the inner-north lifestyle without compromising on space. The configuration—five bedrooms, three bathrooms, and two parking spaces—is the kind of layout that holds long-term appeal for owner-occupiers, and the absence of overlay constraints suggests a straightforward holding.
The price point places this firmly in the premium end of Northcote’s house market, which may narrow the buyer pool to those with substantial equity or high household income. The low implied rental yield means it is not an investment play, and the pool adds ongoing maintenance costs that some buyers might factor into their decision. The building age is not confirmed, so condition and any recent renovations will be central to how the value is assessed. The land size and school catchment are the strongest anchors, while the pool and solar are differentiators that could justify a premium for the right buyer, but may be neutral for others.
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Jessie Street, Northcote VIC 3070
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Northcote is a well-established inner-suburban market of roughly 25,250 residents, dominated by families and singles with a mixed owner-renter profile. House demand is driven largely by owner-occupier families; younger professionals and students support the unit segment for affordability and lifestyle. Median house prices are near $1.7 million, with annual growth between 4% and 8.1% across sources; units range around $570,000–$682,000, with growth flat to negative (–6.6% to +1%). Houses sell in a median 29–39 days, and auction clearance rates are high at 75.4% for houses and 74.5% for units. The Northcote Plaza redevelopment into a modern mixed-use precinct is a key future growth driver. Constraints include softening unit values, high house entry costs, and a market sensitive to rate changes. Annual sales volumes are robust: 302 houses and 204 units.
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PropCred Estimated Value
Comparable Sales: 14 Stafford Street sold $4.15M in Nov 2021; 5 Jessie Street previously sold $4.0M in Nov 2021 | Property Price Band: $3.9M–$4.3M | Value Drivers: land size, school zoning, pool and solar condition
Bedrooms
5
Bathroom
3
Parking
2
Land
487m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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