8/2-4 Reynolds Parade, Pascoe Vale South VIC 3044

8/2-4 Reynolds Parade, Pascoe Vale South VIC 3044
Modern townhouse infill | Strathmore Secondary zone | compact low-maintenance layout | professional/downsizer demand | sub-$1M entry point This townhouse is positioned in a pocket of Pascoe Vale South, amid modern infill and older homes. The configuration is a strength: compact low-maintenance format, contemporary finishes, private outdoor space, and internal-access garage, in a strong school catchment. It is well suited to professionals and downsizers seeking a lower-maintenance alternative to larger family houses, with proximity to the CBD, shops, parks, and transport reinforcing convenience. Demand is supported by consistent rental interest and a preference for lock-and-leave living, and it is distinguished by efficiency, presentation, and location in a land-rich suburb. Value may be shaped by precise land size and floor level, as townhouse formats carry a lower land premium than detached housing. Secure garage and outdoor space might support a modest premium, while the compact lot could limit redevelopment scope. School catchment strength may underpin buyer interest, and variation in fitout or presentation might influence value. >> Comparable Sales: 6/2–4 Reynolds Parade sold at $920,000 | Property Price Band: $900K–$1M | Value Drivers: modern condition, compact low-maintenance land, school catchment location
Detailed Independent Property Report prepared  by PropCred Analyst team for 8/2-4 Reynolds Parade, Pascoe Vale South VIC 3044
Checks found:
Value Risk ✕ 2
Liquidity Risk ✕ 2
Planning Risk ✕ 2
Income Risk ✓
Execution Risk ✓
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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

Bedrooms

2

Bathroom

1

Parking

-

Land

179m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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