1/10 Hazel Grove, Pascoe Vale VIC 3044
1/10 Hazel Grove, Pascoe Vale VIC 3044
This ground-level unit offers 2 bedrooms, 1 bathroom, and 2-car parking across an 81 m² interior with a 261 m² exclusive lot. It features a northerly courtyard, built-in robes, a skylit bathroom with separate bath and shower, separate laundry, and heating and cooling. Building age is consistent with mid-1990s construction.
The northerly courtyard is a genuine climatic advantage, providing passive solar warmth and usable private outdoor space rare in a unit at this price point. Two-car parking also stands out – most comparable units in Pascoe Vale offer one space or none. Being zoned for Strathmore College adds educational prestige that drives sustained demand from families. The wide street frontage and ground-level access make it a practical alternative to a freestanding house, especially for couples or small families seeking low-maintenance living near Coburg North Village, Raeburn Reserve, and freeway connections. This property occupies a strong niche: more space and parking than typical units, within a sought-after school catchment.
The older build (mid‑1990s or earlier) may mean some systems or finishes are due for renewal. No recent comparable sales were noted, so price formation might rely on broader market conditions rather than direct precedent. While the 261 m² lot is generous for a unit, it is not enough to allow subdivision or significant expansion; the property’s value is tied to its liveability and location rather than future development potential. Shading from neighbouring structures or the courtyard’s orientation relative to the building itself should be verified on site, as actual sun exposure can vary.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/10 Hazel Grove, Pascoe Vale VIC 3044
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
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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.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
2
Land
261m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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