4 Wakool Avenue, Deer Park VIC 3023

Detached house on 697sqm | 4-bedroom potential with 2 bathrooms | Family-demand suburb with rising values | School-catchment position with moderate rental yield This property is competitively strong as a standalone house on a substantial 697-square-metre block, which is larger than many modern infill lots in Deer Park and supports future flexibility. The 137-square-metre internal footprint is typical of established suburban family homes, and the 3-to-4-bedroom configuration with 2 bathrooms and 2-car parking suits owner-occupier families seeking space and a school-catchment location. Reported suburb value growth of 6.9% over the past year and a moderate 3.5% rental yield indicate stable demand from value-focused buyers, particularly upgraders and multi-person households. The unresolved bedroom count across sources may influence perceived value, as a confirmed 4-bedroom layout typically commands a premium over a 3-bedroom equivalent. The property’s last sale in 2019 at $540,000 provides a baseline, but the absence of comparable sales or interior condition details means price expectations should be tested through direct inspection. The moderate yield and 39-day average days on market suggest balanced demand rather than urgency, so buyers might weigh the need for renovation or upgrade costs when forming their price view.