8A Ferdinand Street, Nunawading VIC 3131
8A Ferdinand Street, Nunawading VIC 3131
Unverified address details | nearby house sales suggest strong demand | mixed suburb stock favours families | site-specific features unknown
The property at 8A Ferdinand Street sits within a suburb where detached houses dominate the listing mix, and the recent sale of a three-bedroom house on the same street at $1,210,000 indicates solid buyer appetite for this pocket. Nunawading’s active townhouse and land supply suggests the area is attracting both family buyers and developers, which adds depth to the market. For a prospective buyer, the property’s main competitive edge lies in its street location within an established residential setting, though the exact configuration and land size remain unclear. It likely serves best a family or investor seeking a house in a suburb with broad housing choice and reasonable market activity, rather than a buyer chasing a specific finish or modern layout.
What might materially affect value is the uncertainty around the property’s land size, building age, and internal condition, as these factors typically drive price more than location alone in this market. The nearby sale at 5 Ferdinand Street for $1,210,000 for a three-bedroom house provides a useful reference point, but without confirmed details on 8A’s floor plan or outdoor space, the price could shift meaningfully either way. Rental yields in the suburb appear modest, which may temper investment-focused bidding, while the lack of verified school catchment data could influence family buyers who prioritise education. The property’s final value will likely hinge on how its actual land size and presentation compare to the street’s recent sales.
|| Comparable Sales: 5 Ferdinand Street sold at $1,210,000; 3 Ferdinand Street listed as a 3-bed house on 586m² | Property Price Band: $1.1M–$1.2M | Value Drivers: land size, dwelling condition, street location
Detailed Independent Property Report prepared by PropCred Analyst team for 8A Ferdinand Street, Nunawading VIC 3131
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
The suburb is a premium, tightly held market. House prices hold a median of $1.185 million, with annual growth of 4% on the latest reading, though some indices show a slight decline over the past year. Units are clearly softer: a median of $800,000, with growth varying from 2.6% to negative. That divergence, plus a gross house yield of 3.2% versus 3.8% for units, points to owner-occupier demand rather than investor activity. Sales volume is thin at roughly 110-120 houses annually, and time on market stretches from 28 to 77 days, reflecting selective buyers. Rents are steady at $660 weekly for houses and $550 for units. Affordability is the binding constraint; elevated prices and rate sensitivity will likely temper further appreciation. The soft unit market adds downside risk, while low turnover indicates few distressed sellers.
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PropCred Estimated Value
Comparable Sales: 5 Ferdinand Street sold at $1,210,000; 3 Ferdinand Street listed as a 3-bed house on 586m² | Property Price Band: $1.1M–$1.2M | Value Drivers: land size, dwelling condition, street location
Bedrooms
2
Bathroom
1
Parking
1
Land
177m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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