23 Ocallaghan Parade, Lucas VIC 3350
23 Ocallaghan Parade, Lucas VIC 3350
compact 3-2-2 house on 307m² | proven rental demand | low-maintenance block | growth suburb location
A 3-bedroom 2-bathroom house with 2-car parking is situated on a 307m² block in Lucas, a growth suburb with ongoing demand. The compact land size and modern layout offer low-maintenance living, while the leasing history confirms tenant appeal. This property is best suited for first-home buyers or investors looking for a manageable house with efficient space. Its configuration represents a practical choice in a location where detached housing remains desirable.
The small block size may limit outdoor space for some buyers, but it also minimizes upkeep. The property’s modern finishes might appeal in a market that values efficiency over land area. Rental yield should be weighed given the proven tenant demand. Future value may be influenced by broader suburb growth rather than land size alone.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Ocallaghan Parade, Lucas VIC 3350
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Market Insight:
Lucas presents as a steady, established residential market with moderate buyer activity. Demand is underpinned by rental investors, attracted by yields that are competitive within the regional context. Recent price trends have softened, reflecting a market with balanced supply and weaker relative demand, as indicated by extended selling periods. Future growth will likely hinge on broader economic factors, with a key constraint being the suburb’s current market positioning, which shows less momentum than wider state averages.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
307m²
Assessments Delivered Today
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