7 Laburnum Street, Parkdale, VIC 3195 | Property Value & History | OnTheHouse
 
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7 Laburnum Street
Parkdale VIC 3195

Bedrooms: 7
Bathrooms: 5
Car spaces: 5
Land area: 859m2
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Last updated 5 Jan 2026
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Property Details for 7 Laburnum St, Parkdale

7 Laburnum St, Parkdale is a 7 bedroom, 5 bathroom Unit with 5 parking spaces. The property has a land size of 859m2. While the property is not currently for sale or for rent, it was last sold in December 2023.

Building Type
Unit
Land Size
859m2
Local Government
Kingston
Lot/Plan
5/LP995

Last Listing description (December 2023)

Note: Not open for public inspection, please contact agent to arrange private inspection time.

See the multiple possibilities, multiply your options, secure this multi-dwelling property and maximise the rewards. Comprising 5 mid-century units, 5 carport spaces, and approx 859sqm land, this multi-dwelling, single-titled property adds up to the most versatile, and potentially rewarding, opportunity by the bay.


Built in 1956 as a multi-generational investment, Cranbrook Lodge is a group of 5 mid-century units offered in solid original condition with individual month-by-month tenancies (for all but one tenant) providing a gross return of $69,936pa. Providing a good mix of accommodation (2 are two bedroom floorplan, 3 are one bedrooms), this whole-group offering represents a once-in-a-lifetime opportunity to invest, reimagine, renovate, resell or rethink this significant site.

Add value and step up to a new level with easy extension and clever conversion to two-storey townhouse accommodation. Appreciate the mid-century appeal and polish and upgrade to maximise rental return...or makeover subdivide and resell with a minimum of fuss. Alternatively, start afresh on this significant site with multiple all-new home designed to meet the market for prestige beachside living on the edge of the retail and rail strip (Subject to Council Approval).

Whatever the plan, this multi-dwelling opportunity has multiple lifestyle benefits with Parkdale's station and latte strip just a couple of blocks away, the primary school within a 300m stroll, and the Bay within a relaxed weekend walk or jog. For more information about this one-off multi-home opportunity contact Wesley Belt at Buxton Mentone on 0418 310 753

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Property History for 7 Laburnum St, Parkdale, VIC 3195

A timeline of how this property has performed in the market
Last Sold
$1,800,000
04 Dec 2023
  • 05 Dec 2023
    Listed for Sale $1,690,000 - $1,850,000
  • 04 Dec 2023
    Sold for $1,800,000
  • 13 Sep 2023
    Listed for Sale $1,690,000 - $1,850,000
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About Parkdale 3195

The size of Parkdale is approximately 3.6 square kilometres. It has 14 parks covering nearly 7.2% of total area. The population of Parkdale in 2016 was 11746 people. By 2021 the population was 12308 showing a population growth of 4.8% in the area during that time. The predominant age group in Parkdale is 40-49 years. Households in Parkdale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parkdale work in a professional occupation.In 2021, 76.00% of the homes in Parkdale were owner-occupied compared with 74.20% in 2016.

Parkdale has 6,244 properties. Over the last 5 years, Houses in Parkdale have seen a 30.92% increase in median value, while Units have seen a 27.79% increase. As at 31 December 2025:

  • The median value for Houses in Parkdale is $1,663,535 while the median value for Units is $871,454.
  • Houses have a median rent of $715 while Units have a median rent of $580.
There are currently 16 properties listed for sale, and 7 properties listed for rent in Parkdale on OnTheHouse. According to Cotality's data, 298 properties were sold in the past 12 months in Parkdale.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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