2/39 Hanley Street, Narre Warren VIC 3805
2/39 Hanley Street, Narre Warren VIC 3805
This is a three-bedroom unit at the rear of a two-home block with no body corporate, located on a 733-square-metre lot in Narre Warren. The main house on the lot was built in 1975, and the rear unit is likely a later addition. The property offers three bedrooms and is positioned for privacy within a small, exclusive configuration.
What makes this property competitively rare is its combination of a private, rear position within an exclusive block of only two homes and the absence of body corporate fees. This configuration provides a standalone feel that is uncommon for a three-bedroom unit in Narre Warren, where typical stock includes older standalone houses or standard strata complexes. The property is best suited for buyers seeking a low-maintenance, private dwelling with no shared ownership costs, such as young families or downsizers who want a quiet retreat without sacrificing space. Its positioning at the rear of the lot enhances seclusion, which may appeal to those prioritising peace over street frontage.
The property’s value may be influenced by its construction year being unknown, as the main house dates to 1975, potentially affecting depreciation or renovation considerations. The rear location might also limit natural light or direct street access, which could impact perceived desirability. Buyers should weigh the benefit of no body corporate fees against any future maintenance responsibilities for shared lot features. The recent sale of the front villa at a comparable price point provides a market reference, but the specific finishes and aspect of this unit will ultimately determine its final value.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/39 Hanley Street, Narre Warren VIC 3805
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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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.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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