6 Ray Street, Pascoe Vale VIC 3044
6 Ray Street, Pascoe Vale VIC 3044
Detached house on 565m² | three-bedroom family layout | two-bathroom convenience | strong Pascoe Vale school proximity | genuine land-holding opportunity
This is a proper detached house on a full-sized block in a suburb where much of the newer stock is compressed into villas and townhouses. The 565m² parcel gives it a rare land advantage, which matters for families who want outdoor space, room to extend, or simply separation from neighbours. With three bedrooms and two bathrooms, it suits owner-occupiers looking for a settled family home rather than a first step or an investment bolt-on. The configuration sits comfortably above the typical unit and townhouse offering in the area, and the proximity to Pascoe Vale Primary School strengthens its appeal to households with young children. This is the kind of property that draws buyers who are ready to stay put for a decade or more, not flip quickly.
The value picture may hinge on how the house itself presents against the land. A dated interior or original finishes might keep the price closer to the lower end of expectations, while a renovated or well-maintained home could justify a premium. The absence of confirmed details on building age, orientation, or internal size means the actual floorplan efficiency and natural light could shift perceived worth. Buyers should weigh the cost of any immediate updates against the benefit of securing a large block in a convenient pocket. The asking range sits above the suburb’s typical median, which is reasonable given the detached format, but the final number will likely depend on how the house compares to alternative family homes in the immediate area.
Detailed Independent Property Report prepared by PropCred Analyst team for 6 Ray Street, Pascoe Vale VIC 3044
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Pascoe Vale, 12km from the CBD, is consolidating as a professionals’ market; household incomes above Melbourne’s average and a sharp 87.7% auction clearance rate underline steady owner-occupier demand. House prices sit near $1.17–$1.2 million, with annual growth of 11.3%, though a 0.8% quarterly dip signals mild cooling. Units average $685,000, growing 7% and yielding 4.4%—well ahead of houses’ 2.6% rental return. Stock moves quickly: houses sell in 30–43 days, units in 31, with 128–191 house sales annually confirming active turnover. Future growth is supported by transport links and a professional demographic; rental momentum continues, with house rents up 4.4% to $595 weekly. The key constraint is affordability: house yields trail the metro average and price growth is becoming reliant on buyers rather than investors, leaving the market more sensitive to rate movements.
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PropCred Estimated Value
Comparable Sales: 3-bed townhouse nearby sold circa $850k; 2-bed unit in the area traded around $700k | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, house condition, school proximity
Bedrooms
2
Bathroom
1
Parking
-
Land
565m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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