9 Merton Place, Albert Park VIC 3206
9 Merton Place, Albert Park VIC 3206
A 3-bedroom, 2-bathroom Victorian house on a 119m² lot in Albert Park. The property has been fully renovated with engineered oak floors and an open-plan layout with bi-fold doors to a rear courtyard. It is situated on a peaceful street near Albert Park Village.
This property is competitively strong for its renovation quality and location on a sought-after street. The house has been transformed into a modern, low-maintenance home with a peaceful setting, which is rare for a property so close to a vibrant village. It is best suited to professionals or downsizers who value walkability and a finished interior over a large garden. The small lot size is a defining feature, positioning it as a premium, high-density Victorian product within the suburb.
The value of this property may be materially affected by its limited land size, which could constrain future expansion or appeal to buyers seeking outdoor space. Proximity to Albert Park Village might introduce some noise during peak hours. A buyer should weigh the premium paid for renovation quality against the constraints of the lot, as the price per square metre is elevated compared to larger, unrenovated homes in the area.
Detailed Independent Property Report prepared by PropCred Analyst team for 9 Merton Place, Albert Park VIC 3206
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
URL has been copied successfully!
Market Insight
Albert Park presents a mature, established market with a clear divergence between its house and unit segments. Demand is anchored by owner-occupiers, predominantly families and downsizers, drawn to its stable, high-value residential character. While houses demonstrate steady capital growth with strong sales volumes, the unit market has experienced significant price corrections, indicating a notable oversupply or demand shift. Future growth for houses is underpinned by limited stock and high owner-occupancy, though the unit segment’s weakness remains a key market risk.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
-
Land
119m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!