28 Malone Circuit, Deanside VIC 3336
28 Malone Circuit, Deanside VIC 3336
compact 4-bedroom family home | sold below estimate in Dec 2024 | modern estate location | single garage on 221sqm lot
This property offers a rare entry point into Deanside’s newer housing stock at a price that suggests genuine value for a buyer willing to look past surface finishes. The four-bedroom configuration on a compact block suits a young family or investor seeking low-maintenance living in a growth corridor. The December 2024 sale price of $586,500 sits notably below the estimated $650,000 range, which strengthens a buyer’s negotiating hand if the property is resold soon.
The main risk here is the single garage, which may limit appeal to families with two cars or tradies needing secure parking. The 221sqm lot also leaves minimal outdoor space for expansion or landscaping. However, for a buyer prioritising affordability and modern floorplans over land size, this house represents a solid foothold in Melbourne’s western growth arc. Any upward market movement in Deanside should lift this property’s value from its current discounted base.
Detailed Independent Property Report prepared by PropCred Analyst team for 28 Malone Circuit, Deanside VIC 3336
Checks found:
Value Risk
✕
2
Liquidity Risk
✓
Planning Risk
✓
Income Risk
✓
Execution Risk
✓
Insight: Deanside VIC 3336
Deanside is an emerging western suburb, characterised by new housing estates and a young, family-oriented demographic, which is the primary driver of demand. Recent price growth has been solid, though the market is currently experiencing softer conditions with properties taking longer to sell. Future growth is underpinned by ongoing residential development, yet the suburb remains sensitive to broader market pressures, including affordability and interest rate changes.
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
1
Land
221m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst