1 Facey Road, Devon Meadows VIC 3977
1 Facey Road, Devon Meadows VIC 3977
Semi-rural acreage near urban growth corridor | Indoor pool and five bedrooms on one hectare | Zoned for Casey residential use | Bushfire and flood overlays apply
This property offers a rare combination of scale and amenity within Melbourne’s south-eastern growth corridor. The one-hectare parcel with an indoor pool, five bedrooms, and ten garage spaces positions it as a multi-generational or hobbyist holding where equivalent land parcels are increasingly subdivided. Its residential zoning under Casey Council provides more predictable long-term use than rural conservation zones, and the 2023 sale at $1.71 million establishes a recent value floor. The property serves buyers seeking a single-title acreage home within commuting distance of urban services, particularly families requiring internal recreation space and multiple vehicle storage.
The bushfire and flood overlays impose mandatory construction standards and may limit future subdivision or outbuilding options, reducing exit flexibility for capital-growth investors. The 1980 build requires ongoing maintenance despite cosmetic updates, and the semi-rural location means reliance on private transport for all amenities. The $1.9–$2 million guide reflects a 11–17% premium over the 2023 sale, partly justified by market movement and the refreshed interior, but buyers should verify whether the pool and building envelope comply with current overlay requirements. Hold for family use or medium-term land banking, accepting that subdivision is unlikely under current planning controls.
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Facey Road, Devon Meadows VIC 3977
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
URL has been copied successfully!
Market Insight
Devon Meadows offers a rural lifestyle with acreage properties, appealing to buyers seeking a relaxed country setting within commuting distance of the city. Demand is driven by this lifestyle appeal, though the market is characterised by very low sales volume and limited stock, indicating a constrained and illiquid environment. Recent price trends have been stable with minimal growth, reflecting this thin market activity. Future drivers remain anchored to its lifestyle proposition, while key risks include market illiquidity and sensitivity to broader economic conditions affecting buyer appetite for peripheral acreage holdings.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
5
Bathroom
2
Parking
20
Land
1 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!