17A Barondi Avenue, Narre Warren VIC 3805
17A Barondi Avenue, Narre Warren VIC 3805
Quiet street presence | family-house format | strong rental demand | suffix address likely a unit or townhouse | solid comp range
This property sits within a well-established family pocket where detached houses dominate and turnover is consistent. The “A” suffix suggests a unit or townhouse configuration, which may offer a lower-maintenance alternative to the surrounding full-size homes while still sitting in a street known for stable owner-occupier and rental activity. That combination tends to appeal most to first-home buyers, small families, or investors seeking reliable tenancy rather than speculative growth. The street itself shows a healthy mix of recent sales and active rentals, indicating the location is neither illiquid nor oversupplied. For a buyer wanting a foothold in a proven suburban market without the upkeep of a large block, this type of property usually performs steadily.
The value picture may hinge on how the internal layout and land allocation compare to the street’s typical three-bedroom, two-bathroom format. If the unit or townhouse offers a similar bedroom count and parking, it could trade close to the lower end of the local house band; if it sacrifices space or outdoor area, the discount might be more pronounced. Buyers should weigh the condition and any strata-style obligations, as those factors may influence resale appeal more than the address itself. The recent street-level sales suggest a wide band, so the final price will likely depend on presentation and how the property sits within its own title.
|| Comparable Sales: 20 Barondi Avenue sold at $670k, 1/39 Barondi Avenue sold at $540k | Property Price Band: $540k–$650k | Value Drivers: layout efficiency, land allocation, condition and presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 17A Barondi Avenue, Narre Warren VIC 3805
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
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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: 20 Barondi Avenue sold at $670k, 1/39 Barondi Avenue sold at $540k | Property Price Band: $540k–$650k | Value Drivers: layout efficiency, land allocation, condition and presentation
Bedrooms
3
Bathroom
2
Parking
2
Land
295m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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