This paper uses statistical analyses to understand the effect of proximity of old prisons on property prices. The study employed semilog hedonic regression models: a quantitative research method applied to assess the impact of proximity to heritage gaols on property prices for a case study of HM Prison Pentridge in the time range between 2015 and 2019. Results demonstrated that the former Pentridge has a variable effect on properties lying in and around its current heritage borders. Pentridge shows a diminution effect on prices of residential properties on its land currently being developed to a mixed-use precinct, as well as its intimate surrounding residences. Inversely, Pentridge shows a positive price effect on properties lying at distances between 400 m and the maximum study range of 1400 m in the case of ‘houses’ and between 600 m and the range of 1000 m in the case of ‘units.’ Findings of this research suggest that prices of properties with direct visual access to Pentridge’s structures are negatively affected. Results also suggest that Pentridge’s current redevelopment project may have contributed positively to property prices lying outside the direct visibility zone. To be able to further validate these interpretations, similar research may consider other variables influencing property valuation, such as direct visibility of the gaol as well as interviews that assess the ‘attractability’ of Pentridge’s redevelopment. Future studies may examine the rate of change in property price along time for each distance band from the gaol borders. Future research may also consider duplicating the methodology to assess the comfortability towards gaols converted to museums, as well as gaols that are still in operation. The originality of this research emerges from the distinct lack of quantitative evidence in the current literature. Most research has investigated uncomfortable heritage focusing on qualitative assessments of memory, stigma, commemoration, and shame, with limited scholarly attention paid towards property depreciation effects as a result of Australia’s prison history, nor increasing effects due to gaols’ reuse and redevelopment. Decision-makers and stakeholders of equivalent dark heritage reuse projects will find this research useful in understanding potential impacts on surrounding property prices. Property valuers and real estate companies operating in Coburg—a suburb of Melbourne, Australia—may use the related tables and figures in guiding their business for the coming years.

本文使用统计分析来了解旧监狱的临近对房地产价格的影响。该研究采用半对数享乐回归模型：一种定量研究方法，用于评估HM Prison Pentridge在2015年至2019年期间的案例，研究接近传统监狱的情况对房地产价格的影响。结果表明，前Pentridge具有对位于其当前遗产边界内和周围的财产的影响各不相同。彭特里奇（Pentridge）对其目前正在开发为混合用途区的土地上的住宅物业以及周围私密住宅的价格影响减小。相反，彭特里奇（Pentridge）对“房屋”情况下位于400 m和最大研究范围1400 m之间的属性和“单元”情况下在600 m与1000 m范围之间的属性显示积极的价格影响。这项研究的结果表明，直接视觉访问Pentridge结构的物业价格受到负面影响。结果还表明，Pentridge的当前重建项目可能对位于直接可视区域之外的房地产价格产生了积极的影响。为了能够进一步验证这些解释，类似的研究可能会考虑影响房地产估值的其他变量，例如监狱的直接可见性以及评估Pentridge重建的“吸引力”的访谈。未来的研究可能会检查距离监狱边界每个距离段的房地产价格随时间的变化率。未来的研究可能还会考虑复制方法，以评估转换为博物馆的监狱和仍在使用的监狱的舒适度。这项研究的独创性来自当前文献中明显缺乏定量证据。大多数研究都对不舒适的遗产进行了调查，重点是对记忆，污名，纪念和耻辱的定性评估，对澳大利亚监狱历史造成的财产贬值影响，以及由于监狱的再利用和再开发造成的影响增加，学术上的关注很少。等效的黑暗遗产再利用项目的决策者和利益相关者将发现这项研究有助于理解对周围房地产价格的潜在影响。在澳大利亚墨尔本市郊的科堡开展业务的房地产估价师和房地产公司可能会使用相关表格和数据来指导未来几年的业务。