24 Perch Street, Beveridge VIC 3753
24 Perch Street, Beveridge VIC 3753
4 bed family house | 425m² lot | Ooranya estate | turnkey inclusions | growth-area demand
This is a competitively positioned family house in Beveridge’s Ooranya estate, built to a turnkey standard that suits first-home buyers and young families. Its 425m² lot sits slightly above the area’s typical 300–399m² band, offering a more usable outdoor space than much of the surrounding new stock. The single-storey, four-bedroom, two-living-area layout with ducted heating and cooling, an alarm, and an outdoor entertaining area covers the practical checklist most buyers in this corridor prioritise. It serves best as a low-maintenance, move-in-ready family home in a masterplanned growth area, where demand skews strongly toward deposit-ready owner-occupiers from nearby northern suburbs.
Value may be shaped by the estate’s ongoing development and how quickly surrounding amenity matures. The property’s compact building footprint, relative to newer nearby houses with larger floor areas, might limit its appeal to buyers seeking maximum internal space. Rental demand appears active, with a moderate yield profile, which could support investor interest but is unlikely to drive premium pricing. School capacity within the suburb is limited, so family buyers may weigh catchment options carefully. These factors may influence how the price band is tested, but the house’s modern condition and estate context provide a solid baseline.
Detailed Independent Property Report prepared by PropCred Analyst team for 24 Perch Street, Beveridge VIC 3753
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Beveridge is a northern Melbourne fringe suburb positioned as an affordable entry point for families and first-time buyers, evidenced by a high proportion of mortgage-backed ownership. Demand is driven by owner-occupiers and investors attracted to a median house price near $645,000 and rising rental returns; house rents have climbed roughly 7–8% annually, while unit rents are up about 10%. Market conditions have softened, with house values falling between 1.4% and 4.4% over the past year and median selling days reaching 123, indicating slower turnover. Sales volume remains moderate at roughly 213–224 houses annually. Future growth hinges on ongoing rental demand and affordability relative to Melbourne, but price declines and extended listing times highlight rate sensitivity and potential oversupply. Low unit sales volumes also limit diversification for investors seeking entry points.
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PropCred Estimated Value
Comparable Sales: 146 Inverness Drive, Beveridge – sold $542,194 (2020) | Property Price Band: $700K–$800K | Value Drivers: lot size, turnkey condition, single-storey family layout
Bedrooms
4
Bathroom
2
Parking
2
Land
425m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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