23 Fosters Road, Keilor Park VIC 3042
23 Fosters Road, Keilor Park VIC 3042
Corner block near 700m² | 3-bed family house | dual living zones | strong street demand | larger-than-typical footprint
What stands out here is the combination of a genuinely generous corner allotment with a traditional detached house format, which is becoming less common in this part of Keilor Park where newer infill tends toward compact villas and side-by-side units. The 696m² site gives you real outdoor space, better frontage, and more flexibility than most of what is currently being built nearby. The flexible lounge and dining layout suits a family that wants separation between everyday living and formal entertaining, and the three-bedroom, two-bathroom configuration covers the practical needs of most owner-occupiers without excess. This property will most likely appeal to a family looking for a solid house on a proper block, or a buyer who values the long-term potential of a corner position in a well-serviced suburban corridor.
The corner position is a genuine advantage, but it also brings considerations that might affect how you view the price. Being on a corner often means more exposure to street noise and slightly less privacy than a mid-block house, though it can also offer better access and future redevelopment options depending on how the zoning applies to this specific site. The mixed residential and commercial character along parts of Fosters Road means the immediate streetscape is not uniformly quiet, and that may temper how quickly the property appreciates compared to deeper estate streets. The larger land size is the strongest value lever here, but the age and condition of the house itself will play a significant role in what a buyer is willing to pay, since the available information does not confirm any recent renovations or premium finishes.
|| Comparable Sales: 24 Fosters Road sold for $866,000 in 2025; 29 Fosters Road sold for $950,000 in 2026 | Property Price Band: $850,000–$950,000 | Value Drivers: corner land size near 700m², flexible three-bedroom layout, condition and presentation of the existing house.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Fosters Road, Keilor Park VIC 3042
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
2
URL has been copied successfully!
Market Insight
Keilor Park is an established, family-oriented suburb with a mature demographic (median age 46) and direct freeway and airport access, which anchors steady owner-occupier demand. House price medians diverge across sources, spanning $795,000 to $890,000, with annual growth ranging from −1.5% to +7.3%; units performed more strongly, rising 12.96% to a $745,000 median. Houses sell in 26–39 days, with annual volumes of 36–41 sales, down 10% year-on-year. Gross yields remain modest (houses ~3.65%, units ~3.7%), while weekly house rents sit at $550–$585. Connectivity and limited turnover underpin future demand, but softer sales volume and volatile pricing signal buyer caution.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 24 Fosters Road sold for $866,000 in 2025; 29 Fosters Road sold for $950,000 in 2026 | Property Price Band: $850,000–$950,000 | Value Drivers: corner land size near 700m², flexible three-bedroom layout, condition and presentation of the existing house.
Bedrooms
3
Bathroom
2
Parking
2
Land
697m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!