33 Woodlands Cres, Narre Warren VIC 3805

For sale, in market | Price per m² highest in street | No flood or bushfire risk | House needs renovation The house carries a price per square metre of $1,054, which sits at the upper range for Woodlands Crescent, meaning the buyer is paying a premium for a 664m² block and a dated 81m² floorplan. The lack of flood, bushfire, or heritage risk reduces holding costs and insurance premiums, but the small internal area limits re-sale appeal to owner-occupiers rather than families seeking expansion. If bought at the lower end of the range, the property yields 3.92% rental return, which is above the suburb average of 3.5%, making it workable for an investor. However, the buyer should treat this as a long-term hold or a renovation play, not a quick flip, given the last sale was $330,000 in 2015 and the market has since appreciated 6.6% annually. The block size of 664m² is competitive in Narre Warren, where 70% of properties are owner-occupied, and the quiet pocket near Westfield Fountain Gate and schools adds lifestyle appeal for downsizers or first-home buyers. The fully fenced yard, shed, and separate toilet are functional features that reduce immediate outlay, while the balcony and floorboards offer low-maintenance living. This property best serves a buyer who values land size over internal space and is willing to renovate gradually to lift value, rather than seeking turnkey convenience. To proceed, book a building and pest inspection to confirm the floorplan’s integrity and then commission a depreciation schedule if buying as an investor.