192 Mascoma Street, Strathmore VIC 3041
192 Mascoma Street, Strathmore VIC 3041
Two-level family house | 4 bed 3 bath 2 car | flexible lower level | near Strathmore North Primary
The property is presented as a two-level family house with a flexible lower level that includes a fourth bedroom, study, and studio or rumpus space. That kind of configuration is not common in this suburb, and it gives the house a genuine edge for buyers who need room for extended family, a home office, or separate teenage living. The two-level design also creates a clear separation between daytime and nighttime zones, which is valued by families. Being within walking distance of Strathmore North Primary School adds a practical daily benefit that many buyers will weigh heavily. The house appears best suited to a growing family who wants space without moving to a more distant suburb.
The exact land size and building age are not confirmed, and both might affect how the price is judged against other houses in the area. The quality of the lower-level finishes and whether the studio and rumpus spaces feel integrated rather than added on may also influence perceived value. A buyer should consider how much of the living space is above ground versus below, as that can affect natural light and comfort. The flexible layout might widen the buyer pool, but the overall condition and presentation will likely set the ceiling on what someone is willing to offer.
Detailed Independent Property Report prepared by PropCred Analyst team for 192 Mascoma Street, Strathmore VIC 3041
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Strathmore, 10km northwest of Melbourne, is a family-oriented suburb with strong school zones and leafy, generous housing. Demand is driven by professionals aged 40–49, mostly degree-qualified, buying family homes. House prices are volatile: Woodards reports $1.55m, up 8.3%, while Property.com.au and Your Investment Property Mag show $1.518m and $1.5375m with annual falls of 8.0% and 6.53%; Jellis Craig puts houses at $1.73m, up 1.31% quarterly. Units range from $641k rising 3.4% (Woodards) to $869k up 5.7% (REIV). Days on market vary widely, from 37 to 101, and gross rental yields are low at 2.26%–3.7%. Sales volume is solid: about 141 houses, up 17.5% annually. Future growth rests on school catchments and transport links to the CBD, but affordability, rate sensitivity, and auction clearances between 53.9% and 73.3% remain constraints.
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PropCred Estimated Value
Comparable Sales: 41 Mascoma Street sold $790,000 (2020) | Property Price Band: $1.3M–$1.4M | Value Drivers: flexible layout, school proximity, two-level configuration
Bedrooms
3
Bathroom
2
Parking
1
Land
534m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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