Crimea Street, Burnley.SNAPSHOT BURNLEY 3121
Population 708 Median house price $791,000*
Travel time to CBD 15 mins car, 22 mins tram, 8 mins train
Schools 0 primary, 0 secondary
*12 months to March 2012 (postcode also includes Cremorne and Richmond; population (source 2006 census), price (APM) and school statistics for Burnley only)
A narrow street with parking on one side, Crimea Street has a row of intact semi-detached, single-fronted early 19th-century brick terraces on both sides of the street. Its heritage values and typically quiet residential feel are some of the reasons Burnley is so appealing to buyers. Despite being wedged between the Yarra River, freeway and busy Swan Street, Burnley is a surprisingly quiet and peaceful suburb. Clayton Smith at Jellis Craig says the proximity to the freeway is a bonus as residents can get out of town quickly but it’s the closeness to the city and shops and restaurants of Richmond and South Yarra that hold the most appeal. Mr Smith says it’s a tight little community and people often buy and sell within the area. Sales in Crimea Street are a rare occurrence, with the most recent sales data dating back to 2010 when a handful of properties in the street sold for between $760,000 and $1 million. The size of the properties — typically two or three bedrooms — means empty-nesters and young professionals are the most eager buyers.
One of the widest streets in Burnley, Adam Street has a number of commercial premises in old brick factories at its Yarra River end but the street soon becomes the eclectic mix of heritage houses and flats that’s typical for the street. Single-fronted weatherboard houses, 1970s and 1980s flats, single-fronted brick homes and a couple of double-storey semi-detached terraces make up the rest of the architectural mix. As it is one of the widest streets in the area and is the best way to access the suburb, there’s more traffic on Adam Street than in the smaller streets. But that’s not saying much, as the cul-de-sac nature of the suburb means there’s little or no through traffic. A one-bedroom flat in the street starts from around $240,000 but can climb to over $300,000, and $700,000-$800,000 is a typical starting point for a single-fronted house. Jellis Craig’s Mr Smith says Adam Street tends to have larger blocks of land than other streets in Burnley and the few family-sized homes in the suburb are often found here.
Parkville Street starts at Madden Grove then does a sharp right turn until it ends at Stawell Street. Much of Parkville Street borders Bicentennial Park, an entire block of parkland with a playground and barbecues. On Friday nights the park is an informal gathering place for families. The Madden Grove end of the street features large callistemon shrubs, now grown to tree size and fighting the narrow pavement for space. Single-fronted weatherboard houses are typical at this end of the street but as it turns the corner single-fronted brick houses (such as those found in Crimea Street) are the norm. Jellis Craig’s Mr Smith says properties opposite the park are always popular. Although few properties are on the market, he says an unrenovated three-bedroom cottage opposite the park would start from about $800,000 and contemporary three-bedroom townhouses have sold in the high $800,000s. Although there are few family homes in the suburb, Mr Smith says Burnley is a more affordable option than Richmond. When family homes do come on the market, they are quickly snapped up.
This story Administrator ready to work first appeared on Nanjing Night Net.