653 Pascoe Vale RoadOak Park VIC 3046
Property Details for 653 Pascoe Vale Rd, Oak Park
653 Pascoe Vale Rd, Oak Park is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 718m2 and floor size of 98m2. While the property is not currently for sale or for rent, it was last sold in January 2009.
Last Listing description (January 2026)
"An entry-level house set on 718m in premier Oak Park, just 12km from the CBD"
** OFFERED FOR IMMEDIATE PRIVATE SALE **
- Attractive weatherboard home (circa 1960) perched up on a gently elevated, rectangular allotment with a frontage of just over 16 metres and east-facing orientation
- Features include high ornate ceilings, ducted heating, free-standing wardrobes in the bedrooms and even a couple of very handy parking bays (not on title) at the front of the property
- Step out back to a paved patio overlooking a magnificent old school grassed backyard
- A lucrative opportunity for developers, investors and renovators alike, with such a wonderful blank canvas from which to work from
- Permits for a 3-Unit Subdivision (including engineering) have lapsed, but can be re-submitted to Council for assessment. Note that next door (No.651) is only 52m bigger (770m) and the Developer was able to get a permit for 4 x Double Storey townhouses (due mainly to a reduced minimum setback from the front boundary, a precedent which could now apply to No.653)
- Furthermore, Victorian Premier Jacinta Allen has said very recently (September 2025) that the State Government is going to make it "easier, faster and cheaper to subdivide in established areas, with just a 10 business day wait time for permit approval"
- In a rising market, potential combined re-sales for 3 x new homes expected to total $3,050,000-$3,100,000
- Also suit a Dual Occupancy, where you can renovate the existing dwelling and build a large townhouse at the rear (STCA)
- Or demolish and build a new prestige family home with both a commanding street presence + plenty of room out back for a pool
- Just a short distance away from Oak Park Aquatic Centre, Oak Park train station, Oak Park State Primary, Stevenson Reserve Playground and more
- Currently leased privately as a share house to 5 x individual renters, with an outstanding return of $47,400 (approx.) per annum. This arrangement can continue post Settlement (with long-term renters keen to stay on) or simply Settle with immediate Vacant Possession
Why buy in Glenroy when you can aim higher?
Secure an Oak Park postcode instead!
Terms: 10% deposit
Settlement: 30-60 days
Selling Range: $929,000 - $954,000
Contact: Jason Padula - 0402 149 436
Like/subscribe to Jason Padula Real Estate on Facebook and YouTube
Property History for 653 Pascoe Vale Rd, Oak Park, VIC 3046
- 11 Sep 2025Listed for Sale P/Sale | $929k - $954,000
- 11 Nov 2021Listed for Sale PRIVATE SALE | Contact Agent
- 24 Jan 2009Sold for $390,000
Recent sales nearby
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0About Oak Park 3046
The size of Oak Park is approximately 2.1 square kilometres. It has 16 parks covering nearly 11.1% of total area. The population of Oak Park in 2016 was 6205 people. By 2021 the population was 6714 showing a population growth of 8.2% in the area during that time. The predominant age group in Oak Park is 30-39 years. Households in Oak Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Oak Park work in a professional occupation.In 2021, 67.20% of the homes in Oak Park were owner-occupied compared with 69.60% in 2016.
Oak Park has 3,746 properties. Over the last 5 years, Houses in Oak Park have seen a 15.92% increase in median value, while Units have seen a 8.01% increase. As at 28 February 2026:
- The median value for Houses in Oak Park is $1,132,705 while the median value for Units is $686,809.
- Houses have a median rent of $593 while Units have a median rent of $535.
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