5 Callery Pear Street, Greenvale VIC 3059
5 Callery Pear Street, Greenvale VIC 3059
4 bed family house | 567m² land | no parking listed | marketed in $860k–$946k range
This property offers a configuration that is competitively strong for family buyers in Greenvale, with four bedrooms and two bathrooms on a generous 567m² lot. The land size is a meaningful advantage, providing space that is increasingly rare in newer developments. The house itself appears to be a detached family home in a sought-after pocket, which typically attracts owner-occupiers looking for room to grow. It is best suited for a family seeking a larger block in an established suburban setting, where the combination of bedroom count and land area can command a premium over smaller or older stock.
What may materially affect the value is the absence of any listed parking, which could be a constraint for buyers who require off-street space. The marketing range of $860k to $946k suggests the property might be priced below the estimated value, possibly reflecting this omission or other factors not disclosed. A buyer should weigh whether the land size and bedroom count justify the price, especially if parking is a dealbreaker or if the house requires updates. The 2016 sale history hints at prior ownership but without price context, so the current market perception is key.
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Callery Pear Street, Greenvale VIC 3059
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Greenvale presents a stable, family-oriented market with divergent trends between its housing segments. House prices have softened recently, reflecting broader market adjustments, while the unit sector demonstrates stronger capital growth. Demand is supported by consistent sales activity and solid rental yields, indicating steady investor and owner-occupier interest. Future performance will hinge on broader economic conditions, given the suburb’s demonstrated sensitivity to market cycles.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
568m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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