1561 Princes Way East
Drouin East, 3818 VIC
1970 house on a 811 m² block with 15m frontage.
Property Snapshot
1970House3 Bed2 Bath3 Off Street811 m² Land156 m² Internal15m Frontage
Investment Highlights
What makes 1561 Princes Way East compelling from a buying and value-add perspective.
Market Status
Off Market
Land Size
811 m²
Frontage
15m
Zoning
GRZ1
Residential - Medium Density
Why Buyers Look At This One
Rare add-value profile — 1970 house on a 811 m² block and a 15m frontage.
Renovate upside — modest 156 m² internal area creates a clear renovation, extension or reconfiguration opportunity.
Walkable transport position — approx. 310m to bus, 3.1km to train station and 3.9km to schools.
Neighbourhood quality — strong owner occupier setting with low-turnover character housing nearby.
Property Snapshot
Core facts, planning controls and ownership history.
Bedrooms
3
Bathrooms
2
Parking
3 off-street
Internal Area
156 m²
Ownership & Value
Last Sold$590k
Sold DateApr 2024
Land Value—
RPD1\TP181349
Planning & Site
Property TypeUnknown
AccessSingle Access
Height Limit—
Max Storeys—
Wide FrontageResidential
Pricing & Valuation
Guide, estimate and broader pricing context.
Price Estimate
—
Suburb Median
$605k
House (3 Beds)
Tenure
2 Years
Since 2024
Capital Gain
—
Since 2024
Suburb Sale Price Median - House (3 Beds)
Rental Market
Yield, rental pricing and local leasing landscape.
Suburb Median
$800 Pw
House (3 Beds)
Rental Yield
6.9%
House (3 Beds)
Vacancy Rate
8.0%
House (3 Beds)
Rentals Last 12M
0
House (3 Beds)
Suburb Rental Price Median - House (3 Beds)
Planning & Risk Overlays
Important due diligence considerations for this property.
Flood Overlay Detected
No flooding known in this area
Other Overlays
Bushfire: BPA - Bushfire Prone Area. Heritage: No heritage known in this area. Biodiversity: No biodiversity known in this area.
Location & Connectivity
Access to transport, schools and local amenity around 1561 Princes Way East.
Train Station
3.1km
Bus Stop
310m
Schools
3.9km
Road Type
—
Transport: Easy access to nearby train station and frequent bus routes.
Lifestyle: Walking distance to local shops, parks and nearby dining precincts.
Positioning: Quiet residential street with strong owner occupier presence and limited turnover.
Neighbourhood Profile
Proximity to amenities and local context impacting livability.
Social Housing
0.0%Train Station
3.1kmBus Stop
310mCentre Zone
3kmRoad Type
Not AvailableSchool Catchment
3.9kmDrouin East Snapshot
Broader suburb metrics that support the local story.
Population
177
Owner Occupiers
91%
Social Housing
0%
Crime Index
—
Not available
High Owner Occupier AppealLow Stock on Market
Explore Drouin East in more detail
Deep dive into growth, demand, demographics and comparable sales.
View Suburb Profile
