342 Reynard Street, Pascoe Vale South VIC 3044
342 Reynard Street, Pascoe Vale South VIC 3044
3-bed house on 416 m² | school-zone family demand | mid-sized block in mixed street | strong rental estimate | condition unverified
The property occupies a mid-sized parcel that offers more space than newer townhouse stock while remaining lower-maintenance than large period houses nearby. Its position within the Strathmore Secondary College zone is a genuine draw for families, and the combination of three bedrooms, two bathrooms, and secure parking suits owner-occupiers seeking a practical floorplan. The listed features indicate a comfortable base, and the land size allows for future updates or a possible extension, subject to council approval. This house serves buyers who want a family-friendly suburb with strong school access, without taking on a full renovation project.
The final value may be shaped by how the interior finish level compares to recently updated homes in the area. A dated interior might require capital outlay that buyers will factor into their offer. The absence of a confirmed building age means construction quality and insulation standards could vary, influencing ongoing costs. Land size is modest but workable; the property may attract different buyer types depending on whether it is viewed as a permanent home or a future development opportunity.
Detailed Independent Property Report prepared by PropCred Analyst team for 342 Reynard Street, Pascoe Vale South VIC 3044
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Pascoe Vale South, 9km from the CBD, draws professional families aged 40-49, reflected in a 74.4% owner-occupier rate and strong demand for houses. Median house price sits at $1.25m, with annual growth of 6.8-10.0% over the past year, while units offer a 4.7% gross yield and faster growth. The Upfield line, CityLink access, and above-average school catchments underpin demand, alongside population growth of 4.6% since 2016. Future upside is supported by limited supply, but affordability is stretched at current prices against household incomes, and a 57.3% auction clearance rate signals sensitivity to interest rates. Sales volume remains steady at 143-161 houses annually.
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PropCred Estimated Value
Comparable Sales: 344 Reynard Street sold $1.65M in 2021; 407 Reynard Street sold $1.526M | Property Price Band: $1.3M–$1.4M | Value Drivers: land size, school zone, condition
Bedrooms
3
Bathroom
1
Parking
1
Land
416m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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