3/11 Oak Street, Pascoe Vale VIC 3044
3/11 Oak Street, Pascoe Vale VIC 3044
2-bed townhouse | strong 2-car allocation | active Pascoe Vale market | school catchment access | compact 179m² footprint
This townhouse holds a practical edge for its size, pairing two bedrooms with two dedicated car spaces, which is uncommon for a compact inner-northern product and broadens its appeal to buyers who commute or run a household with multiple vehicles. Positioned within walking distance of local schools, shops, and transport, it sits comfortably in a suburb where demand for low-maintenance housing remains steady, supported by a balanced owner-occupier and rental mix. The configuration suits downsizers seeking to simplify without losing parking, or first-home buyers wanting a foothold in an established area with strong amenity. Its modest land share keeps upkeep light, and the townhouse format offers a middle ground between apartment living and standalone houses, making it a versatile option for those prioritising convenience over space.
Value may be shaped by how the interior condition and layout compare to newer infill stock nearby, as well as the practical usability of the outdoor area within that 179m² footprint. The absence of confirmed build year or finish quality means a buyer should inspect closely to judge whether the property offers a genuine discount or trades on its location alone. Rental demand in the area appears reasonable, which might support an investment angle, but the final price will likely hinge on how well the townhouse presents against more modern alternatives. School catchment access adds a layer of appeal for families, though its weight in the price will depend on individual priorities.
|| Comparable Sales: 3/11 Bristol Road villa sold at $715k; 1B View Street house leased at $670/week | Property Price Band: $600k–$700k | Value Drivers: parking allocation, layout efficiency, school catchment proximity
Detailed Independent Property Report prepared by PropCred Analyst team for 3/11 Oak Street, Pascoe Vale VIC 3044
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Pascoe Vale, 12km from the CBD, is consolidating as a professionals’ market; household incomes above Melbourne’s average and a sharp 87.7% auction clearance rate underline steady owner-occupier demand. House prices sit near $1.17–$1.2 million, with annual growth of 11.3%, though a 0.8% quarterly dip signals mild cooling. Units average $685,000, growing 7% and yielding 4.4%—well ahead of houses’ 2.6% rental return. Stock moves quickly: houses sell in 30–43 days, units in 31, with 128–191 house sales annually confirming active turnover. Future growth is supported by transport links and a professional demographic; rental momentum continues, with house rents up 4.4% to $595 weekly. The key constraint is affordability: house yields trail the metro average and price growth is becoming reliant on buyers rather than investors, leaving the market more sensitive to rate movements.
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PropCred Estimated Value
Comparable Sales: 3/11 Bristol Road villa sold at $715k; 1B View Street house leased at $670/week | Property Price Band: $600k–$700k | Value Drivers: parking allocation, layout efficiency, school catchment proximity
Bedrooms
2
Bathroom
1
Parking
2
Land
179m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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