74 Gordon Street, Coburg VIC 3058

1930s Art Deco original | 474sqm Coburg parcel | heritage overlay | rental upside to $825pw The property’s competitive edge lies in its preserved Art Deco character on a generous 474sqm lot, a configuration increasingly rare in Coburg. For a buyer seeking a period home with renovation potential, the original floorplan and details offer a foundation to add value without losing heritage appeal. The location within Merri-bek, near Coburg West Primary School, positions it well for families or investors targeting stable demand from owner-occupiers, who make up 66% of the suburb. The estimated rental midpoint of $825 per week supports a buy-and-hold strategy, with upside from cosmetic upgrades. The heritage overlay introduces constraints on external alterations, limiting scope for major extensions and potentially increasing renovation costs. The current listing price sits below estimated market value, suggesting a discount that may reflect the need for updates or a quick sale. Buyers should budget for compliance with heritage guidelines and avoid overcapitalising on interior-only improvements. The property suits a patient buyer who can hold for capital growth and leverage the rental income to offset holding costs, treating it as a long-term position in a tight inner-north market.