Pentridge Road Sale Sets $2.15M Benchmark for Coburg Four-Bedrooms

A four-bedroom house at 22 Pentridge Road sold for $2.15 million at auction on July 3, marking the highest sale recorded in Coburg this month.

The result arrives as clearance rates sit at 71 percent for the 28 auctions held across the suburb in the first week of July. Limited listings and steady buyer turnout have kept competition tight for well-presented family homes.

The property sits within walking distance of Coburg Market and the Pentridge Village redevelopment on the former prison grounds. Agents noted strong interest from local families already familiar with the area’s parks and schools.

Records from the Coburg Real Estate Association show the median house price reached $1.45 million in June 2026, a 4 percent rise from the March quarter. Comparable four-bedroom homes on Munro Street and Rennie Street sold between $1.65 million and $1.82 million in the past six weeks.

Clearance Trends and Buyer Activity

Twenty of the 28 auctions cleared, with most sales occurring in the final five minutes of bidding. Three properties passed in and later sold by private treaty within 48 hours.

Stock remains thin, with only 14 new listings registered for the coming fortnight. This shortage has pushed some buyers to widen their search radius within Coburg rather than wait for the next suitable home.

Next Steps for Sellers and Buyers

Owners considering an August campaign should review recent results on streets such as Munro Street before setting reserves. Prospective buyers can check the next scheduled auctions at the Coburg Town Hall on July 17 for updated guidance on street values.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.