1 Bogey Street, Deer Park VIC 3023
1 Bogey Street, Deer Park VIC 3023
A 2007-built single-storey house at 1 Bogey Street, Deer Park offers three bedrooms, two bathrooms, two car spaces, a 251 square metre internal floor area, and a 527 square metre lot. It sits directly opposite a tranquil nature reserve and has been freshly updated throughout. This property positions itself as a larger-than-average, modernised family home in a suburb where much of the housing stock is older and smaller.
The primary strength here is the combination of a generous internal footprint and a private reserve frontage, which is rare in Deer Park. The dual bathrooms also give this house an edge over many older three-bedroom homes in the area that offer only one. This property is best suited to a family or a buyer seeking a move-in-ready home with immediate lifestyle appeal. Its location near the train station and parklands adds practical convenience, while the updated interior means little to no renovation work is required.
The estimated value range of $853,000 to $860,000 should be weighed against the property’s age and the fact that it was last sold in 2022. The reserve frontage and larger floor plan may support a premium, but the house is now 19 years old, so structural or system updates may be needed in the medium term. The condition is described as freshly updated, but the quality of those finishes is unspecified, which may affect how much a buyer is willing to pay. A buyer should also consider that the lot size, while decent, is not unusually large for the area, limiting future expansion potential.
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Bogey Street, Deer Park VIC 3023
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
This suburb is positioned as an established, family-oriented market with high owner-occupancy. Demand is primarily driven by young professional families seeking stable housing, evidenced by strong auction clearance rates and faster sales compared to neighbouring areas. Recent price trends show solid capital growth for houses, though the market has softened with increased days on market and declining sales volumes, indicating a shift in conditions. Future growth is underpinned by sustained buyer interest, yet key risks include market sensitivity and a notable slowdown in transaction activity.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
527m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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