42 Piccadilly Cres, Keysborough VIC 3173
42 Piccadilly Cres, Keysborough VIC 3173
3 bedroom | 1 bathroom | rear studio | 535sqm block | Keysborough
This property is competitively positioned as a practical family house on a moderate block with a rare rear studio, offering flexible use beyond the standard floorplan. The three-car accommodation and 127sqm internal area support owner-occupiers seeking a solid suburban home, while the studio adds multipurpose appeal for investors or those wanting extra space. The estimated value around $921,000 places it in a mid-to-upper range, reflecting block size and location rather than modern finishes.
The single bathroom is a functional limitation for families, potentially narrowing buyer demand and affecting resale speed. The rear studio, while a value-add, is not confirmed across all sources and may require inspection to assess condition and legality. Buyers should verify studio compliance and consider renovation costs to upgrade the bathroom. The 535sqm block offers redevelopment potential, but zoning constraints should be checked. Hold this property as a family home or investment, with the studio as a rental or workspace.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 42 Piccadilly Cres, Keysborough VIC 3173
Market Insight:
Keysborough presents as a family-oriented suburb with robust demand, evidenced by strong annual sales volumes and sustained price growth. This demand is primarily driven by owner-occupiers seeking larger homes, supported by solid rental yields that also attract investor interest. The market demonstrates resilience with consistent price appreciation, though recent data indicates a lengthening sales period for houses and a significant slowdown in unit activity, suggesting emerging affordability pressures and a potential shift in buyer sentiment. Future growth is underpinned by sustained rental demand, while key risks include sensitivity to interest rates and a notable cooling in the unit segment.