97 Spensley Street, Clifton Hill VIC 3068
97 Spensley Street, Clifton Hill VIC 3068
3 bed 2 bath house | upper-end Clifton Hill | school cluster | long-held street | premium stock
A strong position is held by this house within Clifton Hill’s established residential market. The three-bedroom, two-bathroom configuration is well matched to family demand, and the property is situated in a school catchment that is consistently sought after. Long-holding patterns among local owner-occupiers are reflected in limited turnover, and stable value growth is evident. The presence of upgraded stock in the immediate street suggests the finishes here are likely of a high standard, with a practical layout expected. Buyers most suited to this property are affluent families or professional couples seeking a renovated inner-north house with good school access and minimal need for immediate works.
Value may be affected by the precise land area, which is not disclosed in full, and by the extent of the renovation relative to similar houses in the street. Future changes might be limited by heritage overlay provisions, a factor for buyers planning substantial work. The orientation and natural light of the house may also influence its marketability. A low rental yield is unlikely to deter owner-occupiers but might reduce appeal for investors. These considerations should be weighed when forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 97 Spensley Street, Clifton Hill VIC 3068
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Clifton Hill, inner Melbourne’s Yarra inner east, draws owner-occupier families (63% families, 60% owned) seeking city access via Hurstbridge and Mernda lines plus above-average schools. House prices sit near $1.6m, with annual growth ranging from -5.3% to +10.4% across sources, reflecting rate sensitivity and a 70.1% auction clearance rate. Units lag, with median prices from $632k to $940k and annual growth negative in most measures. Demand remains supported by period homes and stable volumes of 71–95 house sales annually. Future upside ties to ongoing urban development, while affordability and unit softness are key constraints.
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PropCred Estimated Value
Comparable Sales: 91 Spensley Street sold $3.57M; 165 Spensley Street sold $2.912M | Property Price Band: $2.7M–$2.8M | Value Drivers: condition, land size, layout
Bedrooms
3
Bathroom
2
Parking
1
Land
298m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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