13 Hemsley Drive, Deer Park VIC 3023
13 Hemsley Drive, Deer Park VIC 3023
4-bed original house | 544 sqm with 4-car capacity | walk to train and shops | renovator-ready | family suburb demand
A solidly configured family house on a practical 544 sqm block, this property presents as an original-condition dwelling in an established suburban pocket. The layout includes four bedrooms, a master with private ensuite, and a four-car accommodation setup that is broader than typical for its era. Walkable access to the train station and nearby shopping centres strengthens its everyday appeal. For buyers, the main attraction is the chance to modernise a structurally straightforward home and build immediate equity. It serves first-home buyers, renovators, and investors best, given the functional floor plan and usable land depth. The rear yard offers room for a shed, pergola, or landscaping, with council approval, which adds flexibility.
The original condition is the primary value factor. It may limit price compared with renovated stock, but it also lets a buyer control upgrades and avoid paying for someone else’s taste. The land size and four-car capacity are likely to hold demand, while transport and retail access underpin resale. A buyer might budget for kitchen and bathroom modernisation, influencing the offer. Pricing should reflect the dated fitout and the cost of renovation.
>> Comparable Sales: 54 Hemsley Drive sold $746,000; 13 Earlsfield Court sold $857,000 | Property Price Band: $700,000–$800,000 | Value Drivers: condition, land size, four-car layout
Detailed Independent Property Report prepared by PropCred Analyst team for 13 Hemsley Drive, Deer Park VIC 3023
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
URL has been copied successfully!
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.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
544m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!