32 Patricia Street, Keilor East VIC 3033
32 Patricia Street, Keilor East VIC 3033
A 3-bedroom, 2-bathroom house built in 1965 on a 534m² lot with no off-street parking. The estimated value range sits between $960,000 and $1.12 million.
This property is competitively positioned for buyers seeking a larger lot in a quiet, established suburb without paying a premium for parking. The two bathrooms are a genuine advantage for a 1965 build, as most homes of that era in Keilor East offer only one. The flat, rectangular 534m² lot is typical for the street and provides straightforward outdoor space. This house best serves young families or investors who prioritise floorplan practicality and land size over car accommodation, and who are comfortable with the renovation potential of an older home.
The absence of off-street parking may materially affect the property’s value, as it is uncommon for the suburb and could limit appeal among car-dependent buyers. The 1965 construction age suggests possible maintenance requirements that a buyer should weigh when forming a view on price. While the lot size aligns with neighbourhood norms, the lack of a garage or dedicated parking space might narrow the buyer pool, potentially placing downward pressure on sale price relative to comparable homes with parking.
Detailed Independent Property Report prepared by PropCred Analyst team for 32 Patricia Street, Keilor East VIC 3033
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Keilor East is a well-established, family-oriented suburb offering spacious homes and large parks, appealing to professionals seeking a settled lifestyle. Demand is driven by this demographic, supporting a stable but varied housing market where recent price trends have been mixed, with houses showing modest resilience compared to units. Future growth is anchored in its established appeal and good schools, though the market’s sensitivity to broader economic conditions presents a key consideration for buyers.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
534m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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