323a/323 Gaffney Street, Pascoe Vale, Vic 3044

PRIVATE SALE | $1.15m - $1.25m

House
Type
4
Bedrooms
2
Bathrooms
4
Parkings
632 m²
Area

Last updated on Thursday, May 14, 2026 ( See property details for 323a/323 Gaffney Street, Pascoe Vale, Vic 3044)

PRIVATE SALE | $1.15m - $1.25m

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile dual-home property on a spacious 632m² block in Pascoe Vale, offering excellent investment and redevelopment potential with established gardens and prime location amenities.

🏡 Property Highlights

  • Two self-contained homes on one generous block, offering versatile living options.
  • Prime location within walking distance to shops, cafés, parks, and Pascoe Vale Station.
  • Potential for future development or renovation, subject to STCA approvals.
  • Established gardens with outdoor entertaining areas, including decking and lawns.
  • Dual income stream with current rental income of approximately $4,300 PCM.
  • Zoned to Strathmore Secondary College, adding educational appeal.

✨ Key Features

  • Built-in Robes
  • Outdoor Area
  • Open-Plan Living
  • Split system heating & cooling
  • Garage
  • Carport
  • Driveway
  • Waterfront / Views
  • Ensuite
  • Security Screens / Gates

Pascoe Vale is a vibrant suburb renowned for its community atmosphere, excellent transport links, and proximity to parks and local amenities. It offers a mix of established homes and development opportunities, making it ideal for families, investors, and those seeking a convenient lifestyle. The area boasts quality schools, diverse dining options, and easy access to Melbourne’s CBD, ensuring a highly desirable living environment.

What is the current rental income for the property?
The total current rental income is approximately $4,300 per calendar month, with $2,500 from the front house and $1,800 from the rear unit.
Are there any development restrictions or zoning considerations?
The property is zoned under the City of Merri-bek as General Residential Zone, with potential for redevelopment subject to council approvals (STCA).
What are the features of the self-contained rear unit?
The rear unit features two bedrooms, one bathroom, a kitchen with stovetop and oven, a sizeable meals and living area, and established gardens with outdoor entertaining space.
Is there parking available on the property?
Yes, the property includes a carport, garage, and driveway providing ample parking options.
What are the nearby amenities and transport options?
The property is within walking distance to shops, cafés, parks, Pascoe Vale Station, and bus stops on Gaffney Street and Cumberland Road.
Are there any existing planning or development restrictions that could affect future redevelopment plans? What are the terms of the current tenancy agreements, and are there any upcoming lease expirations? Are there any known issues with the foundation or structure, given the age of the homes? Has the property been inspected for pests, mold, or other potential defects? Are there any easements, covenants, or zoning overlays that could impact renovation or subdivision plans? What are the council rates, body corporate fees (if applicable), and other ongoing costs? Is there any history of flooding or bushfire risk in this area? Are there any planned infrastructure projects or nearby developments that could affect the property’s value or living environment? What are the specific conditions of the current leases, and are there options for renewal or termination? Are there any restrictions or requirements for future development or subdivision under local planning policies?

323a/323 Gaffney Street, Pascoe Vale, Vic 3044 - More Details

PRIVATE SALE | $1.15m - $1.25m

Type
House
Bedrooms
4
Bathrooms
2
Parkings
4
Area
632 m²

Price guide

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