42 Waverley Parade, Pascoe Vale South VIC 3044
42 Waverley Parade, Pascoe Vale South VIC 3044
Renovated five-bedroom layout|498m² block|Pool and multiple living zones|School-zoned family street|Turnkey condition
The property is presented as a fully modernised family house with five bedrooms across two levels, including a downstairs guest room and an upstairs master suite with walk-in robe and ensuite. Multiple living zones are offered, along with a heated pool, oak flooring, and ducted air conditioning throughout. The 498m² land size is standard for the suburb, but the level of finish and internal configuration sits clearly above typical period stock. This house is best suited to families or upsizers seeking a move-in-ready home within a school-zoned pocket close to parks and transport. The renovated condition and flexible layout give it a competitive edge over original or partially updated houses in the area.
Value may be influenced by the inconsistency between older records and current marketing, which might create buyer hesitation or lead to careful price verification. The absence of a confirmed construction year could affect insurance and long-term maintenance expectations. The pool and higher bedroom count might appeal to a narrower buyer pool than standard family homes. Opportunities are likely for buyers who can verify renovation quality and council approvals, as the price positioning is sensitive to documented improvements.
Detailed Independent Property Report prepared by PropCred Analyst team for 42 Waverley Parade, Pascoe Vale South VIC 3044
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Pascoe Vale South, 9km from the CBD, draws professional families aged 40-49, reflected in a 74.4% owner-occupier rate and strong demand for houses. Median house price sits at $1.25m, with annual growth of 6.8-10.0% over the past year, while units offer a 4.7% gross yield and faster growth. The Upfield line, CityLink access, and above-average school catchments underpin demand, alongside population growth of 4.6% since 2016. Future upside is supported by limited supply, but affordability is stretched at current prices against household incomes, and a 57.3% auction clearance rate signals sensitivity to interest rates. Sales volume remains steady at 143-161 houses annually.
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PropCred Estimated Value
Comparable Sales: Prior transfer of this property $1.07M (Apr 2025) | Property Price Band: $2.2M–$2.3M | Value Drivers: Renovated condition, land size, school zone
Bedrooms
4
Bathroom
3
Parking
3
Land
498m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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