FOR SALE
$570,000 - $600,000

1 Miles Street
Deer Park VIC 3023

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Rare and Excellent Opportunity

Attention developers! Discover a remarkable development opportunity in the heart of Deer Park. This property, situated on an expansive 485 sqm (approx.) in a Residential Growth Zone - Schedule 1, offers an ideal foundation for expanding your portfolio and building long-term value.
With the newly modernised Deer Park Train Station just moments away, this location offers excellent future potential. Currently leased at $2,080 per month, the property provides steady income while you explore subdivision possibilities (STCA) on this prime growth-zone property.
Looking to build your dream home instead? This property is equally suited for a fresh start. Demolish the current structure and create a custom home designed perfectly for your family’s needs. With proximity to popular dining, shopping, schools, childcare, public transport, medical facilities, and quick freeway access, this location combines convenience with opportunity.
Don’t miss out on this fantastic chance to secure your future in a thriving area.
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Property Details for 1 Miles St, Deer Park

1 Miles St, Deer Park is a 2 bedroom, 2 bathroom House with 1 parking spaces. The place is currently for sale with Bells Real Estate.

Building Type
House

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About Deer Park 3023

The size of Deer Park is approximately 8.6 square kilometres. It has 30 parks covering nearly 9.8% of total area. The population of Deer Park in 2011 was 16,204 people. By 2016 the population was 18,121 showing a population growth of 11.8% in the area during that time. The predominant age group in Deer Park is 30-39 years. Households in Deer Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Deer Park work in a labourer occupation. In 2011, 67.1% of the homes in Deer Park were owner-occupied compared with 66.3% in 2016.

Deer Park has 7,635 properties. Over the last 5 years, Houses in Deer Park have seen a 17.40% increase in median value, while Units have seen a 12.85% increase. As at 31 October 2024:

  • The median value for Houses in Deer Park is $643,022 while the median value for Units is $506,278.
  • Houses have a median rent of $470 while Units have a median rent of $430.
There are currently 54 properties listed for sale, and 17 properties listed for rent in Deer park on OnTheHouse. According to CoreLogic's data, 300 properties were sold in the past 12 months in Deer park.

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Leandro Vega
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Bells Real Estate
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