11 Cleve Road, Pascoe Vale South VIC 3044

11 Cleve Road, Pascoe Vale South VIC 3044
1960s mid-century | park frontage & rear | leafy hillside perch | conflicting room counts This property presents a strong proposition for a buyer seeking a character home on a generous block with exceptional green outlooks. Its park frontage and rear adjacency to open parkland are rare, non-replicable features that provide permanent light, privacy, and a premium lifestyle setting, best serving an owner-occupier who values space and amenity over a standard subdivision footprint. The mid-century style on a 576mΒ² block in the General Residential Zone also offers a future strategic option for renovation or redevelopment, catering to the area’s typical lot profile. Proceed with disciplined due diligence to resolve the significant discrepancies in bedroom, bathroom, and car space counts, which indicate either unpermitted work or listing inaccuracies that directly impact utility and bank valuation. The $950k estimated value sitting below the asking range suggests a premium is being asked for the parkland position; your offer must be justified by a verified configuration and a clear assessment of that positional premium’s worth to you. Secure a building inspection to assess the 1960s construction, then decide to hold as a long-term family home leveraging its unique setting, or consider a value-add renovation that clarifies its layout to capitalise on the underlying land asset. Recent comparable sales data is limited, with only one nearby property referenced without a sale price. This absence of clear, recent benchmarks necessitates extra caution; your valuation must be built on physical due diligence and the cost of resolving its layout ambiguities, rather than relying on direct market comparisons.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Pascoe Vale South is a well-established, family-centric suburb offering strong connectivity to the city, underpinned by a high rate of owner-occupancy. Demand is driven by professionals seeking quality schooling and capital growth, with the housing market demonstrating robust annual appreciation. This growth is supported by its transport links and demographic stability, though stretched affordability and limited supply present constraints on future momentum.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

576mΒ²

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