8 Warrington Cres, Deer Park VIC 3023
8 Warrington Cres, Deer Park VIC 3023
Detached 3-bed family house | Mid-sized suburban block | Late-20th-century build | Established Deer Park pocket | Practical family appeal
This property is positioned as a conventional detached family house in a well-established part of Deer Park. Its configuration, three bedrooms on a mid-sized block, is typical of the suburb’s core housing stock. That means it is unlikely to stand out for uniqueness but offers predictable liveability for first-home buyers, young families, and investors who want a straightforward house-and-yard format. The single-level layout and older construction are seen as practical rather than premium, and the property is best suited to buyers prioritising affordability, space, and access to everyday amenities over prestige finishes or architectural distinction.
The property’s value may be shaped by its exact land size and orientation. A larger block could offer extension or development potential, while aspect influences natural light and comfort. Renovation condition, including heating and solar updates, may also affect price. Given the area’s steady but unspectacular growth, this house is likely to appeal as a solid family purchase rather than a high-growth investment.
Detailed Independent Property Report prepared by PropCred Analyst team for 8 Warrington Cres, Deer Park VIC 3023
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
This suburb moves faster than St Albans, with houses selling 46.5% quicker and units 44.7% quicker. Demand is led by families—couples with children dominate households, and owner-occupation sits high at 66.5%. Median house prices range $695,000–$729,000 across sources, running 6.0%–6.9% annual growth (13.5% over five years). Units sit at $515,000–$550,000, up 5.4%–5.9% yearly, though the latest quarterly change slipped to -0.5%. House days on market vary 23–69; gross rental yield for houses is around 4.1%–4.4%. However, momentum is cooling: house sales volume fell 20.8% year-on-year, days on market rose 60.5%, and unit auction clearance dropped 50.0%. Further growth depends on whether family buyer demand holds as supply and affordability pressures build; the key constraint is the recent loss of sales velocity and clearance strength.
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PropCred Estimated Value
Comparable Sales: 24 Winnington St, Deer Park $955,000 (5-bed, larger block) | Property Price Band: $600K-$700K | Value Drivers: Land size, condition, layout
Bedrooms
3
Bathroom
2
Parking
2
Land
402m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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