51 Mater Street, Collingwood VIC 3066
51 Mater Street, Collingwood VIC 3066
Rare two-storey Victorian terrace | intact terrace row | renovated character home | Collingwood pocket near Smith St | flood overlay caution
Two-storey Victorian terrace housing in a preserved row is uncommon in Collingwood’s newer supply mix, which is largely apartment-based. The renovation has retained period detailing while integrating contemporary comfort, giving it broad appeal. Positioned in a desirable pocket close to Smith Street’s dining and shopping strip, the property offers a house-like layout with low maintenance, direct street presence, and easy tram access to the city. This housing is most suitable for owner-occupiers who value character, walkability, and a defined place in a heritage streetscape.
Flood management control in the precinct may affect insurance and lending checks, so it should be investigated early. Land size and orientation might influence comparison with other terraces if outdoor space or natural light are priorities. School catchment placement could widen interest; renovation quality and presentation will guide offers.
Detailed Independent Property Report prepared by PropCred Analyst team for 51 Mater Street, Collingwood VIC 3066
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Collingwood remains an inner-Melbourne market anchored by high-income professionals, with demand centred on lifestyle homes and low-maintenance units amid tight inventory. House prices show solid momentum: median $1.265m, up 8.3% over the past year, while units have plateaued at $615k (0.0% growth), though rental yields for units are a healthy 5.6%. Houses rent around $800 weekly. Sales volume is thin (55 houses annually), with houses taking a median 34 days to sell, consistent with a selective, supply-constrained market. Future growth hinges on limited land supply and continued lifestyle appeal, but balanced conditions mean buyers are negotiating carefully; new listings are down 5.1% year-on-year, reinforcing scarcity. Affordability and rate sensitivity remain key watchpoints.
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PropCred Estimated Value
Comparable Sales: recently renovated two-bedroom terraces in similar inner-city pockets have traded from $1.1M to $1.25M | Property Price Band: $1.1M to $1.2M | Value Drivers: terrace-row setting, renovation quality, flood overlay exposure
Bedrooms
2
Bathroom
1
Parking
-
Land
396m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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