4/47 Park Street, Pascoe Vale VIC 3044
4/47 Park Street, Pascoe Vale VIC 3044
3-bedroom, 3-bathroom townhouse across two levels with 2 off-street parking spaces on a 177m² lot. Constructed around 2020, it features an open-plan layout with air conditioning and modern finishes. It is part of a small five-unit complex on a quiet residential street.
What is competitively strong about this townhouse is its newer construction and configuration, which is relatively uncommon in Pascoe Vale where older stock dominates. The three bathrooms and two dedicated parking spaces provide a level of convenience that appeals strongly to young families or downsizers seeking low-maintenance living without sacrificing modern design. Its position within a small complex on a quiet street offers a balance of privacy and community, while the open-plan layout maximizes natural light and functional space despite the compact land size. This property is best suited for buyers prioritizing a move-in-ready home with contemporary finishes over a larger backyard or land area.
The compact 177m² lot may limit future extension potential and could affect resale appeal for buyers seeking outdoor space. Being part of a five-unit complex, owners share common areas and strata responsibilities, which may influence ongoing costs and decision-making. The property’s value might be supported by its newer build and efficient layout, but the smaller land component compared to older homes in the area could cap long-term appreciation. Buyers should weigh the convenience of modern design against the constraints of a smaller footprint and shared title when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 4/47 Park Street, Pascoe Vale VIC 3044
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Pascoe Vale is a well-established, professionally-oriented suburb offering balanced urban living with strong transport links. Demand is driven by local professionals seeking family-friendly amenity, reflected in robust sales activity and high auction clearance rates. The market demonstrates solid annual growth for houses, though recent quarterly data suggests a stabilising trend, with units offering more stable, modest appreciation. Future growth is supported by its established appeal and convenient location, while key considerations include lower rental yields compared to the broader metro area and sensitivity to broader market conditions.
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PropCred Estimated Value
Bedrooms
3
Bathroom
3
Parking
2
Land
177m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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