3 Friendship Place, Fraser Rise VIC 3336
3 Friendship Place, Fraser Rise VIC 3336
– 3 Friendship Place, Fraser Rise VIC 3336 is a house on a 196 m² block with 3 bedrooms, 2 bathrooms, and 1 parking space. The property was listed for sale on 18 June 2026 as a house in Fraser Rise.
compact detached house | 3 bed 2 bath 1 car on 196 m² | leased history confirms rental demand | entry-level buyer and investor profile | no verified school or amenity advantage
This is a small-lot detached house in a growth suburb where three-bedroom stock is common, so the configuration itself is ordinary rather than rare. The compact land size and leased history suggest it suits first-home buyers or investors seeking an affordable entry point into detached housing. The limited interior details—master with ensuite and walk-in robe, central bathroom, bright kitchen—are functional but not premium, which keeps the property competitive at the lower end of the market. Without verified school catchments, transport links, or nearby development, the property’s strength lies in its basic affordability and the suburb’s depth of similar stock, not in unique features or location advantages.
The value of this property may be constrained by its small lot and lack of standout finishes, as similar houses in the area are plentiful. The $560,000–$600,000 asking guide provides a benchmark, but without comparable settled sales, the price should be weighed against the risk of limited capital growth in a suburb with heavy supply. The leased history is a positive signal for rental functionality, but no rent amount or yield data is available to confirm investment returns. Buyers should consider whether the compact footprint and standard finishes meet their needs, and whether the location offers enough long-term appeal to justify the price.
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Friendship Place, Fraser Rise VIC 3336
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Fraser Rise is a young, family-dominated suburb in Melbourne’s growth corridor, with demand driven by mortgaged homeowners seeking detached housing. Recent price trends have softened, reflecting sensitivity to interest rates in this high-ownership market. Future growth is underpinned by strong sales volumes and rental stability, though constraints include limited housing diversity and affordability pressures from its mortgage-heavy demographic.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
196m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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