50 Wavell Parade, Fraser Rise VIC 3336
50 Wavell Parade, Fraser Rise VIC 3336
4 bed family house | 30 squares internal | 448m² land | double garage | outer-west growth suburb
This is a substantial family house on a mid-sized suburban lot, with approximately 30 squares of internal area providing generous living space. The 448m² allotment supports a detached home with four bedrooms and two bathrooms, a configuration that sits close to mainstream stock in Fraser Rise, a newer outer-west growth suburb. This property is best suited to owner-occupier family buyers, particularly those seeking a step up from entry-level housing or investors targeting the family-rental market. The double garage and refined finishes, including stylish bathrooms, reinforce its appeal to households wanting modern comfort without the compactness of a townhouse.
The house may benefit from its position in a growth area, where ongoing development could support long-term value appreciation, though travel times and surrounding construction activity might be considerations for some buyers. The building age is not stated, but a prior transaction in 2019 suggests the dwelling is at least several years old, which may affect how its fixtures compare to brand-new stock. Rental demand appears plausible given the family-oriented format, but yield signals are not directly confirmed, so forming a view on price would require weighing the home’s generous size against the typical trade-offs of an outer-suburban location.
Detailed Independent Property Report prepared by PropCred Analyst team for 50 Wavell Parade, Fraser Rise VIC 3336
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.