Rental Insights
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Source: stashproperty.com.au
Development Stats
2024
399
1.5
About the Property
Enriched In Dazzling Contemporary Quality
40 Woolhouse Street, Northcote, Vic 3070 has a land size of 381 m². It is a house that was built in 1920 with 4 bedrooms, 3 bathrooms, and 2 parking spaces.
Reflecting sophisticated glamour thanks to its progressive design, this exclusive four bedroom with option of external fifth/office, three bathroom masterpiece provides families with a low-maintenance comfort; set within the coveted Northcote High zone.
Underpinning a sleek street presence surrounded by leafy natural beauty, the double-storey property fuses a variety of modern materials and textures to form a bespoke aesthetic. With an interior that proudly showcases herringbone patterned engineered floors, stone wet areas and luminous custom steel windows including skylights throughout. The well-appointed kitchen stars premium freestanding Smeg induction cooktop/electric oven, integrated dishwasher and fridge/freezer, standalone island, ample cabinetry and butler’s pantry.
Meanwhile, the extremely spacious dining/family domain leads to sunny and landscaped backyard. There is also a r/c double garage with rear ROW, under-stair storage and a top floor that hosts a flexible studio/office or accommodation with private ensuite. Back inside, carpeted bedrooms tailored with generous robes (two with inbuilt desks) accompany the chic fully-tiled bathroom boasting soaking tub. The master chamber comprises a double basin vanity ensuite with dual rain head shower. Add to this, a bright upstairs retreat, zoned heat/cooling, full-size laundry, powder room (fourth toilet), 5kw solar panels, 7.4-star energy rating and rainwater tank.
Positioned on a deep corner block, just moments to Northcote Station, CBD trams, iconic High St dining/retrial, popular schools/childcare and the lush environs of the Merri Creek Trail.
Key features
Last updated in March 2024
Bathrooms: 3
Bedrooms: 4
Building coverage: 26%
Building size: 100m²
Built: 1920
Car spaces: 2
Land size: 381m²
Type: House
Ground elevation: 44m
Roof height: 5m
From the realestate.com.au listing
Source: stashproperty.com.au
About the Suburb
Northcote, VIC 3070 is a vibrant suburb with a diverse age demographic, with a significant portion of residents aged between 20 to 44 years. The suburb has a high percentage of professionals and technicians/tradeworkers, indicating a strong job market. Residents prefer commuting by train and working from home. The suburb also offers good educational opportunities with an ICSEA percentile indicating a high level of educational advantage in government schools.
Northcote presents a mixed market for property investors. The median sale prices for both houses and units fall within a moderate range. The sale price interquartile range (IQR) for both houses and units is relatively high, suggesting opportunities for renovators. The market absorption rate is above 20%, indicating high demand which may lead to price growth. Additionally, the room demand-supply ratio is high, indicating potential for rental property investment.
Northcote, VIC 3070 offers residents a bustling lifestyle with convenient commuting options and educational advantages. For property investors, the suburb presents opportunities for renovation projects and rental property investments due to high demand and a favourable market absorption rate. Homebuyers interested in living in Northcote can expect a diverse community and good access to amenities and public transport.
Sources:
– proptechdata.com.au
– Australian Bureau of Statistics (ABS) Census 2021
– Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022
Suburb Median
Vacancy Rate
