What to Look for When Buying a Period Property in Melbourne
Source: realestate.com.au 2024
What to Look for When Buying a Period Property in Melbourne
Melbourne’s real estate market is renowned for its variety, and one of its standout features is the abundance of beautiful period properties. From Victorian terraces and Edwardian homes to charming Art Deco apartments and mid-century bungalows, these older homes offer unique architectural features and a sense of history that modern constructions often lack. However, buying a period property in Melbourne requires a careful assessment to ensure it’s not only a dream home but also a sound investment.
In this guide, we’ll provide essential tips on what to look for when purchasing a period property, including how to evaluate the condition, spot potential renovation opportunities, and understand the unique challenges that come with older homes.
1. Understand the Different Styles of Period Properties
Before diving into the inspection process, it’s helpful to have a basic understanding of the various types of period homes you might encounter in Melbourne:
Victorian (1840s–1900s): Known for their intricate iron lacework, high ceilings, sash windows, and ornate fireplaces.
Edwardian (1901–1910): Featuring timber fretwork, gabled roofs, and leadlight windows, with a lighter, less formal design than Victorian homes.
Federation (1901–1920s): A mix of Edwardian and Arts and Crafts styles, with red brick, decorative timber, and verandas.
Art Deco (1920s–1940s): Characterized by geometric patterns, rounded edges, and sleek lines, often seen in apartments.
Mid-Century Modern (1950s–1970s): Featuring clean lines, open floor plans, large windows, and a focus on indoor-outdoor living.
Each style has its own architectural elements and structural considerations, so knowing what to expect can help you make informed decisions.
2. Assess the Structural Integrity
Period homes, while beautiful, often come with structural issues that may not be immediately apparent. Here are a few critical aspects to inspect:
a. Foundation and Subfloor
Older properties may have issues with their foundations, such as subsidence (where the ground underneath shifts or sinks) or rising damp, which can cause structural instability. Check for cracks in the walls, sloping floors, or signs of water damage, particularly around the base of walls. If you’re unsure, consider hiring a building inspector to assess the foundation’s integrity.
b. Roof and Gutters
The roof is one of the most important parts of a home, and in period properties, it can be prone to issues. Look for missing tiles, rust on metal sheets, or sagging sections that might indicate underlying problems. Also, inspect the gutters and downpipes to ensure they are intact and properly draining, as poorly maintained gutters can lead to water damage.
c. Walls and Brickwork
Older homes often have solid brick or double-brick walls, which are more durable but can still suffer from wear and tear. Check for cracks, bulges, or discolored areas, which could indicate structural issues or past repairs. It’s also worth noting that some period properties might have asbestos materials, so a professional inspection is crucial.
3. Electrical and Plumbing Systems
Period homes might not have been updated to accommodate modern electrical and plumbing needs, which can be a safety hazard and lead to expensive renovations down the line.
a. Electrical Wiring
Older properties may still have original wiring, which can be inadequate for today’s electrical demands and a potential fire risk. Look for signs of outdated wiring, such as fuses instead of circuit breakers, exposed wires, or outlets that don’t work. A licensed electrician should inspect the electrical system if you suspect it needs updating.
b. Plumbing
Original plumbing systems can lead to problems like leaks, low water pressure, and rusty water. Check under sinks and around bathrooms for any signs of leaks or corrosion. It may be necessary to replace older pipes, especially if they’re made of galvanized steel or lead, which can corrode over time and affect water quality.
4. Evaluate the Condition of Original Features
One of the main attractions of period properties is their character and charm, often expressed through original features. However, it’s essential to assess their condition to understand what might need restoration:
a. Fireplaces and Chimneys
Many period homes have beautiful, ornate fireplaces that add to the property’s character. Check to ensure they are still functional and free from obstructions. If you plan to use the fireplace, you may need to have the chimney cleaned and inspected for safety.
b. Windows and Doors
Original sash windows, leadlight glass, and timber doors are all desirable features that add to the aesthetic appeal of a period home. However, they can also be prone to drafts, rot, and general wear. Inspect for signs of wood decay, broken glass, and window sashes that don’t open or close properly. Restoring these features can be expensive, so factor this into your budget.
c. Floorboards
Timber floorboards are another key feature in period homes, often hidden under carpets or linoleum. Check for squeaky, uneven, or damaged boards, which may need to be repaired or replaced. Refinishing original floorboards can revive a home’s character, but it’s essential to be aware of any potential structural issues before undertaking this work.
5. Consider the Heritage Overlay and Planning Restrictions
Many period properties in Melbourne are protected under heritage overlays, which means there are restrictions on what you can and cannot do when renovating or altering the property. Before buying, it’s crucial to:
Check if the property is heritage-listed: If it is, any changes you wish to make may require approval from the local council, and there could be limitations on structural alterations, extensions, and even changes to the interior layout.
Understand the renovation rules: Even if the property is not heritage-listed, period homes in certain neighborhoods might still be subject to planning controls to preserve the area’s character. Make sure you know what restrictions apply so you can plan your renovations accordingly.
6. Renovation Potential: Finding the Balance Between Modern Comfort and Period Charm
One of the appeals of buying a period property is the opportunity to blend old-world charm with modern living conveniences. When considering renovations, think about:
a. Open-Plan Layouts
Traditional period homes were often designed with small, separate rooms, which can feel restrictive compared to modern preferences for open-plan living. When planning renovations, consider how you can open up spaces without losing the character of the home. Removing non-load-bearing walls or adding an extension might be options to explore.
b. Energy Efficiency
Older homes are often not energy-efficient, which can lead to higher heating and cooling costs. Consider incorporating energy-saving features, such as double-glazed windows, better insulation, and solar panels, during renovations. Retrofitting these elements can significantly improve the comfort and sustainability of a period home without compromising its character.
c. Restoration of Key Features
Restoring original features can significantly enhance the value of a period property. Whether it’s refurbishing leadlight windows, restoring timber floorboards, or maintaining the home’s facade, these details contribute to the unique charm of the property. Be mindful that such restorations can be costly, so always get quotes and factor these into your overall budget.
7. Location Matters: Choose the Right Suburb for Period Properties
Melbourne has several suburbs renowned for their period homes, each with its unique appeal. Whether you’re drawn to the Victorian terraces of Carlton, the Edwardian homes of Malvern, or the Art Deco apartments of St Kilda, it’s essential to research the area’s property market. Consider factors such as local amenities, schools, public transport, and community vibe, which can affect the desirability and value of the property.
Final Thoughts
Buying a period property in Melbourne is about more than just purchasing a house; it’s about acquiring a piece of history. However, these homes come with their own set of challenges, from structural concerns to planning restrictions. By carefully assessing the condition of the property, understanding the requirements for restoration, and being aware of any heritage regulations, you can ensure that your investment is both financially sound and personally rewarding.
Thinking of buying a period property in Melbourne? Consult with local property experts and buyer’s agents who can help you navigate the market, identify potential issues, and provide valuable insights on how to bring out the best in your future home.
