14 Oakbank Grove, Pascoe Vale VIC 3044

Oversized family rebuild | North-facing alfresco kitchen | Zoned Strathmore Secondary | 50 squares on 580m² This property is a competitively strong, purpose-built family residence exceeding typical Pascoe Vale stock. Its 50-square interior with five bedrooms, four bathrooms, and high-end finishes like hydronic heating and a butler’s pantry serves a specific buyer seeking a completed, low-maintenance home in the prized parkland precinct. The configuration, including multiple living zones and a north-facing backyard with an outdoor kitchen, positions it for long-term owner-occupation, capitalizing on the consistent demand from families targeting the Strathmore Secondary College zone. The primary risk is its price point, which sits significantly above recent local sales, testing the ceiling for the street. This necessitates a premium for its rarity, with the cost being potential slower capital growth until the market recalibrates to this standard. The opportunity is securing a turnkey property in a stable family catchment, avoiding renovation outlay. Acquire for a decade-long hold to amortize the premium; it is not an investment for short-term trade. Recent sales on Oakbank Grove provide context: – 2A Oakbank Grove (Dec ’23): 4 bed, 3 bath, 2 car sold for $1.202m. – 1 Oakbank Grove (Aug ’23): 3 bed, 2 bath, 1 car sold for $1.01m. – 14 Oakbank Grove (Aug ’17): Prior sale at $940k pre-rebuild. These comparables, all lower in size and specification, underscore the premium commanded by this substantially rebuilt and expanded home, placing its value squarely on its completed scale and quality.