Ashwood – Melbourne’s hidden gem
Named after it’s more well-known neighbours, Ashburton and Burwood, leafy Ashwood may be small in area but is full of character and community spirit.
Arguably one of Melbourne’s best kept secrets, Ashwood is now becoming a sought after location for families and boasts large house blocks from a variety of eras – perfect for extending and renovating. Green, safe and family friendly there isn’t much you can’t love about this little pocket in Melbourne’s South-East. Read on to find out more about the history of Ashwood and what it has to offer to the modern Australian family:
Residential development commenced in the area of Ashwood in 1950 and by 1951 this small suburb had a population of around 1500 residents. Bounded by Huntingdale road to the east and Warrigal road to the west, and surrounded by market gardens and poultry farms. Original dwellings constructed at this time were typically double-fronted cream brick houses. Ashwood has managed to retain its small town feel and rustic charm whilst being located only 14km from Melbourne’s central business district.
Today Ashwood is a highly sought after south eastern region of Melbourne for families, professionals and retirees alike due to its proximity to the CBD, excellent public transport links, access to major freeways, shopping centres and excellent schools. Being surrounded by some of Melbourne’s most expensive and prestigious suburbs, the more affordable house prices in Ashwood offer great potential for capital appreciation meaning few other suburbs in the city offer the same return on investment when it comes to property restorations, extensions or other renovations.
The median price for a house in the suburb currently sits around the $1.4 million mark and prices have grown by 35% over the last 3 years, whilst it is a very attractive location considering it’s much more expensive neighbouring suburbs, the growth would suggest the secret is out!
There are many reasons to consider Ashwood. The suburb is known for its friendly atmosphere and community spirit, with one of the lowest crime rates in the state it’s a suburb where you can feel safe and confident raising a family. With large size house blocks and leafy green streets, Ashwood certainly is one of Melbourne’s hidden surprises.
If you live in Ashwood and want to find out how you can restore, extend or renovate your property while still keeping within your period home and local council requirements, don’t hesitate to contact us today.