10 Devereaux Street, Oak Park VIC 3046
10 Devereaux Street, Oak Park VIC 3046
High-side land | north-facing yard | renovated mid-century | flexible studio | one bathroom
A generous 592 square metre block is occupied by the property, with an elevated, high-side position from which valley views are afforded. The mid-century house has been renovated, and a modern kitchen and bathroom are included. A study or sunroom is provided, along with an under-house studio or guest room with private entrance. The north-facing backyard and alfresco area are oriented for outdoor living. This combination of land, elevation, and flexible accommodation is rarely found in the suburb, and the house is best suited to families and upgraders who are seeking move-in condition and room to grow. The renovation has addressed the typical shortcomings of older homes, and the orientation ensures good natural light throughout the day.
The single bathroom might be considered a limitation by larger households, and the mid-century bones may require ongoing upkeep despite the renovation. The elevated position and flexible layout are likely to be viewed positively, while the absence of a second bathroom could narrow the buyer pool. The property’s value might also be shaped by how the rear yard and studio are used, and by the general demand for family homes in the suburb. These factors should be weighed when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 10 Devereaux Street, Oak Park VIC 3046
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Oak Park is a well-established, leafy residential suburb attracting a professional demographic of young families and couples. Demand is driven by its relative affordability and proximity to the city, creating a stable, owner-occupied market. Recent price trends show solid growth, particularly for units, with a competitive auction environment indicating sustained buyer interest. Future prospects are supported by its family-friendly appeal, though the market remains sensitive to broader economic conditions influencing borrowing capacity.
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PropCred Estimated Value
Comparable Sales: Prior sales of this address at $800K (2018) and $1.002M (2020) | Property Price Band: $1.0M-$1.1M | Value Drivers: land size, valley views, renovated layout.
Bedrooms
3
Bathroom
1
Parking
2
Land
592m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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