2/18 Blackwood Drive, Narre Warren VIC 3805
2/18 Blackwood Drive, Narre Warren VIC 3805
2-bed villa, 234sqm block, dual living zones | Fountain Gate school zone, no overlays | Deck and low-maintenance yard | 2 living areas in a compact villa
This property offers a rare configuration in a compact villa: two separate living areas plus a deck, which is uncommon for a two-bedroom home in this price bracket. The absence of bushfire, flood, or heritage overlays removes typical due diligence friction, and the Fountain Gate school zone adds demand depth for families or downsizers. For a first home buyer or investor, the dual living spaces and low-maintenance yard provide functional flexibility without the land cost of a house.
The main risk is the 234sqm lot size, which limits future subdivision or significant capital appreciation tied to land value. However, the property is positioned for steady rental demand given its school zone and modern kitchen inclusions. The current listing range suggests room for negotiation. Hold this as a long-term rental or entry-level home; its configuration will retain appeal in a market where similar units lack a second living area.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/18 Blackwood Drive, Narre Warren VIC 3805
Checks found:
Value Risk
✕
2
Liquidity Risk
✕
2
Planning Risk
!
1
Income Risk
!
1
Execution Risk
!
1
Market Insight
Narre Warren is a well-established and growing family hub southeast of Melbourne, anchored by major retail and leisure amenities. Demand is driven by families and professionals seeking value and lifestyle, supported by excellent schools and strong transport links. The market demonstrates robust price growth, with houses transacting swiftly, indicating sustained buyer competition. Future prospects are underpinned by its role as a key commercial centre, though its popularity may test affordability as development continues.
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
234m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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