3 Joules Court, Deer Park VIC 3023
3 Joules Court, Deer Park VIC 3023
Detached house | Likely 3-4 bed | 500-700m² land | Established 1970s era | Court position
This property is characterized as a detached house on a moderate land parcel, which is viewed as a clear competitive edge within a family-focused suburb. The established single-level form is seen as approachable for first-home buyers and as a solid base for renovators. The property’s strength is not defined by luxury finishes, but rather by the rare combination of a quiet court position, usable backyard space, and a location that is easily connected to schools and transport. The buyer who is best served by this property is one seeking an affordable house in a settled pocket, with room for interior and garden shaping over time.
The final value may be influenced heavily by the property’s actual condition and the extent of any recent upgrades, which could be shifted upward or downward by a noticeable margin. Land size might be found to vary from the typical local range, and a larger or smaller block would be expected to influence logical pricing. The built form may be required to have budget allocated for structural or cosmetic improvements, while the quiet court position might be seen as a steady attractor of owner-occupier interest, supporting a firm floor under price.
>> Comparable Sales: 39 Huddersfield Road sold for $688,890 | Property Price Band: $650K-$750K | Value Drivers: condition, land size, presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Joules Court, Deer Park VIC 3023
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
This suburb moves faster than St Albans, with houses selling 46.5% quicker and units 44.7% quicker. Demand is led by families-couples with children dominate households, and owner-occupation sits high at 66.5%. Median house prices range $695,000–$729,000 across sources, running 6.0%–6.9% annual growth (13.5% over five years). Units sit at $515,000–$550,000, up 5.4%–5.9% yearly, though the latest quarterly change slipped to -0.5%. House days on market vary 23–69; gross rental yield for houses is around 4.1%–4.4%. However, momentum is cooling: house sales volume fell 20.8% year-on-year, days on market rose 60.5%, and unit auction clearance dropped 50.0%. Further growth depends on whether family buyer demand holds as supply and affordability pressures build; the key constraint is the recent loss of sales velocity and clearance strength.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
4
Land
534m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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