11 Corfu Street, Fraser Rise VIC 3336
11 Corfu Street, Fraser Rise VIC 3336
4 bed 3 bath on 392m² | newer single-storey family house | higher bathroom count than typical stock | compact lot in growth corridor | sold for $385k in 2021
This property is competitively positioned as a newer single-storey family house with an uncommon 4 bed 3 bath configuration on a 392m² lot in Fraser Rise. The additional bathroom compared to the standard 4 bed 2 bath stock in the area gives it a functional edge for owner-occupier families who value convenience or dual-income households seeking more capacity. Its compact lot size suits buyers wanting a newer home with lower maintenance, while the single-storey form appeals to downsizers or those avoiding stairs. The property serves best as a turnkey family home in a growth corridor, where contemporary detached housing on modest blocks is the dominant character.
The 2021 sale price of $385,000 provides a historical baseline, but the current asking range may reflect post-sale improvements or broader market movement in the area. The compact 392m² lot may limit future subdivision potential or appeal to buyers seeking larger land, which could affect resale value over time. The property’s newer-build profile and family-oriented layout may support rental demand, but no verified rental figure is available to confirm yield. Buyers should weigh the higher bathroom count as a value-add for family living, while recognizing that the lot size and single-storey form may not suit all buyer profiles.
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Corfu Street, Fraser Rise VIC 3336
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Fraser Rise is a young, family-dominated suburb in Melbourne’s growth corridor, with demand driven by mortgaged homeowners seeking detached housing. Recent price trends have softened, reflecting sensitivity to interest rates in this high-ownership market. Future growth is underpinned by strong sales volumes and rental stability, though constraints include limited housing diversity and affordability pressures from its mortgage-heavy demographic.
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PropCred Estimated Value
Bedrooms
4
Bathroom
3
Parking
2
Land
392m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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