1/3 Devon Road, Pascoe Vale VIC 3044
1/3 Devon Road, Pascoe Vale VIC 3044
Renovated 3/2/2 villa | no body corporate | Strathmore zone | single-level layout | lock-up garage plus extra space
This property holds a genuine edge in Pascoe Vale because it combines the practical benefits of villa living — no body corporate fees, single-level layout, and a lock-up garage with a second off-street space — with a finish that feels closer to a modern townhouse. The renovated kitchen and bathrooms, stone benchtops, and the master suite with walk-in robe and ensuite lift it well above typical older units in the area. Its position within the Strathmore Secondary zone is a significant draw for families, and the proximity to Gavan Park, local schools, and shopping strips reinforces its appeal as a low-maintenance family home. It serves buyers who want house-like space without the upkeep of a detached property, particularly upsizers and downsizers who value school access and convenience.
The value picture here may be shaped by a few factors worth weighing. The absence of a stated land size suggests the outdoor area could be modest, which might limit its appeal for buyers seeking generous yard space. Its unit classification, while offering no body corporate, may also mean less land upside compared to detached houses on the same street. The asking range sits at a level where buyers could consider newer townhouse stock nearby, so the renovated condition and school zoning will likely be the decisive factors in justifying the price. Buyers should also consider how the attached garage and driveway arrangement affects street presence and practicality.
|| Comparable Sales: 3/3 Devon Road sold May 2025 in same pocket | 5/2-4 Devon Road townhouse estimated around $770k | Property Price Band: $800k–$900k | Value Drivers: renovated condition, Strathmore zoning, no body corporate, single-level layout
Detailed Independent Property Report prepared by PropCred Analyst team for 1/3 Devon Road, Pascoe Vale VIC 3044
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Pascoe Vale, 12km from the CBD, is consolidating as a professionals’ market; household incomes above Melbourne’s average and a sharp 87.7% auction clearance rate underline steady owner-occupier demand. House prices sit near $1.17–$1.2 million, with annual growth of 11.3%, though a 0.8% quarterly dip signals mild cooling. Units average $685,000, growing 7% and yielding 4.4%—well ahead of houses’ 2.6% rental return. Stock moves quickly: houses sell in 30–43 days, units in 31, with 128–191 house sales annually confirming active turnover. Future growth is supported by transport links and a professional demographic; rental momentum continues, with house rents up 4.4% to $595 weekly. The key constraint is affordability: house yields trail the metro average and price growth is becoming reliant on buyers rather than investors, leaving the market more sensitive to rate movements.
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PropCred Estimated Value
Comparable Sales: 3/3 Devon Road sold May 2025 in same pocket | 5/2-4 Devon Road townhouse estimated around $770k | Property Price Band: $800k–$900k | Value Drivers: renovated condition, Strathmore zoning, no body corporate, single-level layout
Bedrooms
3
Bathroom
2
Parking
2
Land
858m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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