61 Murray Road, Coburg VIC 3058
61 Murray Road, Coburg VIC 3058
61 Murray Road, Coburg | heritage overlay | 2-bedroom house on 368sqm | Coburg High zone | FTTP connected
The property’s strongest buying case rests on its land-to-building ratio and school zoning. With 60% building coverage on a 368sqm lot, the house leaves meaningful rear-yard space rare in inner-north infill, and the Coburg High School catchment adds structural demand from family buyers. The heritage overlay, while restricting facade changes, typically protects streetscape value and limits future overdevelopment nearby, which benefits long-term capital stability. This property suits a buyer who wants a freestanding house with good bones in a proven corridor, not a renovation project or knockdown.
The heritage overlay is the primary risk: it limits extensions and may require permits for any external alterations, which could cost time and up to $15,000 in consultant fees before work begins. The 2017 purchase price of $550,000 implies the current vendor holds a low cost base, so negotiation room may be narrower than comparable listings. On the opportunity side, the 219sqm building footprint and single-level layout allow for a rear addition if permitted, increasing the floor area without touching the heritage frontage. Hold this property for its land and zoning; renovate only if the budget allows for heritage compliance costs.
Detailed Independent Property Report prepared by PropCred Analyst team for 61 Murray Road, Coburg VIC 3058
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Coburg is a well-established, gentrifying inner-northern suburb with strong appeal for young families and professionals, driven by its proximity to the CBD and vibrant local amenity. Demand is robust, supported by consistent sales activity and positive price growth across the housing market. Future prospects are underpinned by ongoing gentrification and transport links, though increasing medium-density supply and high house prices present affordability and market sensitivity considerations.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
368m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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