7 Justina Street, Blackburn VIC 3130

7 Justina Street, Blackburn VIC 3130
3 bed on 593sqm | character weatherboard in Blackburn | family school catchment | below-median price point for a house This property occupies a competitive position in Blackburn through its combination of a mid-sized block and older character housing, which is increasingly rare in the suburb. The weatherboard home offers three bedrooms with robes, formal living and dining zones, and a practical kitchen area, making it suitable for families seeking entry into a sought-after school catchment. Its 593-square-metre lot provides extension or renovation potential, which attracts owner-occupiers and investors alike. The property sits below typical price expectations for a three-bedroom house in the area, reflecting its condition rather than land deficiency. This suits buyers who can add value through updates or reconfiguration. The absence of confirmed build year and aspect may affect how light and thermal comfort are assessed, which could influence renovation costs. The modest rental yield suggests capital growth is the primary value driver rather than income return. The 33% building coverage leaves room for expansion, but any major work would require council approval under Whitehorseโ€™s planning framework. Buyers should weigh the cost of upgrades against the propertyโ€™s current asking range to determine if the land value alone justifies the price.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 7 Justina Street, Blackburn VIC 3130
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Market Insight:

Blackburn presents as a well-established eastern suburb with strong transport connectivity. Demand is driven by a balanced mix of owner-occupiers and investors, evidenced by high auction clearance rates and consistent sales volumes. The housing market demonstrates robust growth, while the unit sector shows more dynamic, albeit varied, performance. Future prospects are underpinned by sustained buyer activity, though market conditions indicate some normalisation in selling times and price sensitivity.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

2

Land

593mยฒ

Assessments Delivered Today

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