170 Neale Road, Deer Park VIC 3023

170 Neale Road, Deer Park VIC 3023
3-bed house on 530mยฒ block | drive-through access to large backyard | near park trails in Deer Park | strong buyer demand The property configuration is competitively strong for a family-oriented buyer seeking a freestanding house with outdoor space. The drive-through access and large backyard are relatively rare features in this price bracket, providing practical utility for storage or recreation. It is positioned slightly above the suburb median but is supported by a clearance rate of 67 percent and an average of 20 days on market indicating sustained demand for well-configured three-bedroom houses in Deer Park. The property is best suited to owner-occupiers who prioritise land size and location near park trails over a second bathroom. The single bathroom represents a specific risk for households requiring more flexibility, potentially limiting resale appeal. The price point should be validated against recent comparable sales as any softening in the market could widen the gap. Opportunities include the drive-through access appealing to buyers with a boat or trade vehicle, and the proximity to park trails adding lifestyle value that differentiates this property from tighter floorplans in the area. Land size consistency between 529 and 530 square metres is negligible but a building inspection is advisable given the property age is not disclosed.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 170 Neale Road, Deer Park VIC 3023
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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

1

Parking

1

Land

530mยฒ

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