8 Stevens Close, Roxburgh Park VIC 3064

8 Stevens Close, Roxburgh Park VIC 3064
4 beds, 514mยฒ lot | Roxburgh Park growth corridor | 2008 purchase, big equity gap | premium comparables near $1m The property’s four-bedroom configuration on a standard suburban lot positions it as a strong family purchase in a corridor that has consistently appreciated. The 2008 purchase price of $375,000 and current estimates around $1.18 million signal deep embedded equity, which matters for a buyer seeking long-term hold rather than immediate flip. For a family wanting Roxburgh Park station proximity, school access, and a house that competes directly with higher-end comparables like 8 Kelmscott Close, this property offers a rare combination of established suburb amenities and room to add value through renovation. The conflicting land size dataโ€”1.3 ha versus 514 mยฒโ€”creates a material risk that could cost a buyer thousands in valuation discrepancies or council compliance issues. This must be resolved before offer. The high listing volume in Roxburgh Park suggests buyer leverage, but the lack of recent sales data and no floorplan or inspection records means the property’s condition is unknown, raising the risk of hidden capital expenditure. A buyer should commission a building and pest inspection, confirm land title at the council, and use the market’s competitive supply to negotiate hard. Hold this property as a long-term family home, not a short-term trade.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 8 Stevens Close, Roxburgh Park VIC 3064
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Market Insight:

Roxburgh Park is a family-oriented suburb experiencing strong demographic and economic momentum. Demand is driven by growing, professional households, reflected in a significantly rising median income and high auction clearance rates. The housing market is firm with solid annual growth and a tightening sales period, while the unit segment shows exceptional recent growth despite lower sales volume. Future growth is underpinned by robust population increases, though the market exhibits sensitivity with fluctuating house sales and a notable decline in unit transactions.
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PropCred Estimated Value

Bedrooms

4

Bathroom

-

Parking

-

Land

1.3 ha

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