2 Zenith Street, Pascoe Vale VIC 3044

2 Zenith Street, Pascoe Vale VIC 3044
5 beds, 4 baths, 6 cars | 328m² building on 560m² | no overlays | premium positioning This house presents a rare configuration for Pascoe Vale, combining a substantial 328m² building footprint with five bedrooms and secure parking for six vehicles, exceeding typical local stock. Its absence of bushfire, flood, or heritage overlays simplifies potential use, while the solar panels and extensive living space cater to a large or multi-generational family seeking a low-maintenance, high-amenity lifestyle in a connected location. The scale positions it as a premium offering in its segment. The primary risk is the premium pricing against the established lot size, where value must be derived from the superior building scale rather than land area. The opportunity lies in acquiring a turnkey, high-capacity residence in a stable residential zone, avoiding overlay complications. For a buyer whose needs match its specific capacity, it represents a strategic hold; for others, the significant outlay is difficult to justify against more land-rich alternatives. Recent comparable sale nearby: • 19 Jul 2025: 676m² property sold for $2,070,000 after 32 days on market. This sale demonstrates strong buyer demand for larger Pascoe Vale properties, though the subject property trades a larger house for a smaller block, anchoring its value proposition in built form over land.

Independent, Unbiased Research from  our PropCred Analyst team 

Market Insight:

Pascoe Vale is a well-established, professionally-oriented suburb offering balanced urban living with strong transport links. Demand is driven by local professionals seeking family-friendly amenity, reflected in robust sales activity and high auction clearance rates. The market demonstrates solid annual growth for houses, though recent quarterly data suggests a stabilising trend, with units offering more stable, modest appreciation. Future growth is supported by its established appeal and convenient location, while key considerations include lower rental yields compared to the broader metro area and sensitivity to broader market conditions.

PropCred Estimated Value

Bedrooms

4

Bathroom

4

Parking

5

Land

560m²

Built

Recent Assessments