Updated November 2026: we added a “Northcote today” section with current Stash suburb figures and what has happened to the property since. The deal figures below are from 2024.
Address
40 Woolhouse Street, Northcote, VIC 3070
Investment Strategy
Knockdown Rebuild
Development Timeline
Property Purchased
Property Sold
Rental Insights
Stash shows rental figures for every property's suburb, including Long Term Rental Statistics (vacancy rate, homes rented in the last 12 months, median rent and potential yield) and the Long Term Yield Analyser, which compares yields by bedroom count and property type. November 2026: the screenshots below were taken in 2024. Some of the statistics shown in them, such as short-term (Airbnb) and rooming rental figures, are no longer part of the standard Stash property page.
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
Northcote today (November 2026)
Houses in Northcote over the 12 months to October 2026 (Stash data, November 2026):
- Median house sale price: $1,650,000 (263 sales)
- 12-month change in the median: -0.3%
- Median rent: $892 per week, a median gross rental yield of 3.0%
- Vacancy rate: 0.5%; median days on market: 25
Stash's sales history shows the rebuilt home at 40 Woolhouse Street sold again in September 2026 for $2,650,000 (agent-advised price, 5 bed, 3 bath), after the $2,625,000 sale in March 2024 covered in this case study.
This project bought at $1,102,500 in 2023 and sold the new home for $2,625,000 in 2024. Over the last 12 months the Northcote median house price was $1,650,000, a change of -0.3%.
See the latest figures on the Northcote suburb page. To test the numbers on a knockdown rebuild site of your own, see Run a feasibility study in the Help Centre.
Suburb Median
Vacancy Rate
