2 Evelyn Court, Narre Warren VIC 3805
2 Evelyn Court, Narre Warren VIC 3805
Detached 3-bed on 579m² | 181m² with 2 living areas | No overlay constraints | Established court setting | Family-oriented demand
A generous 579 square metre allotment and a 181 square metre building footprint are provided by this property, which is larger than the typical compact townhouse stock found in newer estates. Two separate living areas are offered, giving a genuinely family-oriented layout, and the absence of bushfire, flood, or heritage overlays is seen as a planning advantage. An established court setting is occupied by the house, which tends to attract owner-occupiers seeking a quiet street with solid detached houses. The configuration is best suited to families and upgrading buyers, as the land size and internal space provide room to grow without moving to a much higher price point.
The final price is likely to be influenced by market conditions and presentation more than by structural issues. The condition of the kitchen, bathrooms, and flooring may be seen as affecting perceived value, and any need for updating could be considered a limitation. The property’s value might also be shaped by how school zoning and the absence of overlays are weighed against the need for future maintenance. These factors should be weighed by buyers against the strong land content when a view on price is formed.
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Evelyn Court, Narre Warren VIC 3805
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Narre Warren, 38km southeast of Melbourne, is a key residential and commercial hub in the City of Casey. Demand is driven by families, professionals, and investors, supported by excellent schools, strong transport links, Westfield Fountain Gate, and the Casey ARC leisure centre. These anchors provide a durable demand base. House prices sit around $800,000 with annual growth between 6.67% and 7.9%, while units range from $600,000 to $622,000, with one series showing 15.2% growth. The market is tight: houses sell in 14-15 days, with annual sales volume near 438. Gross rental yields are modest at roughly 3.8% for houses and 4.5-4.8% for units, with weekly rents of $570-580 and $490-540 respectively. Demand remains robust, though yield compression signals pricing has outpaced rental growth.
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PropCred Estimated Value
Comparable Sales: 42 Caulfield Court, Narre Warren sold $820k | Property Price Band: $700k-$800k | Value Drivers: land size, layout, condition
Bedrooms
3
Bathroom
2
Parking
1
Land
579m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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