2/44 Royal Parade, Pascoe Vale South VIC 3044
2/44 Royal Parade, Pascoe Vale South VIC 3044
This two-bedroom, one-bathroom townhouse sits on a 46-square-metre lot with a single carport and a dedicated upstairs study. Built in 1984 the study with built-in desk and cupboard adds practical workspace rarely found in units this size. Located in one of the area’s best streets, the property offers a balance of compact living and functional layout.
The separate study is regarded as a competitive edge, providing a defined work area that typical two-bedroom units lack. This feature, combined with the townhouse format and allocated carport, positions the property well in the suburb’s entry-level market. It is situated on a quiet, well-regarded street, a detail that is consistently sought by buyers prioritizing location quality. The absence of bushfire, flood, or heritage overlays removes common approval hurdles. This property is likely suited to first-home buyers seeking functional layout or investors targeting tenants who value dedicated space. Its positioning within Pascoe Vale South benefits from established residential character and proximity to amenities, though the compact lot means it competes primarily on configuration rather than land area.
The property’s value may be influenced by its compact 46-square-metre lot, which might limit its appeal to buyers seeking more outdoor space. The 1984 construction may require typical updates, though no specific issues are flagged. Its unique study and carport may command a premium relative to basic units, but the small footprint could cap upside. The multi-level layout might not suit all buyers, potentially narrowing the pool. These factors should be weighed when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/44 Royal Parade, Pascoe Vale South VIC 3044
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Pascoe Vale South is a well-established, family-centric suburb offering strong connectivity to the city, underpinned by a high rate of owner-occupancy. Demand is driven by professionals seeking quality schooling and capital growth, with the housing market demonstrating robust annual appreciation. This growth is supported by its transport links and demographic stability, though stretched affordability and limited supply present constraints on future momentum.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
46m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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