1/26 Amber Cres, Narre Warren VIC 3805
1/26 Amber Cres, Narre Warren VIC 3805
Unit format on a family-house street | likely compact footprint | established Narre Warren pocket | strong school and retail access | suited to first-time buyers or investors
The unit format at 1/26 Amber Cres offers a rare entry point into a street otherwise defined by larger detached family houses. That configuration edge matters — it means lower maintenance, a smaller price threshold, and access to the same neighbourhood amenities that drive demand in this pocket. The location sits within an established residential area with primary and secondary school options nearby, local shops within walking distance, and Fountain Gate and the Monash Freeway a short drive away. This property is best suited to a first-time buyer wanting a foothold in a family-oriented suburb, or an investor seeking steady rental demand from households who value school catchments and retail convenience over space.
The compact nature of a unit format may limit its appeal to families needing multiple living areas or a large backyard, which could narrow the buyer pool compared to neighbouring houses. The property’s value might hinge on internal condition and whether it has been updated recently, as older unit stock in this area can feel dated without modern finishes. Parking arrangements and the size of the private outdoor space may also influence how it compares against similar units in the area. Buyers should weigh the trade-off between a lower entry price and the potential for slower capital growth relative to detached houses on larger lots.
|| Comparable Sales: similar units in Narre Warren have transacted around $550k–$650k | Property Price Band: $550k–$650k | Value Drivers: internal condition, outdoor space size, and proximity to schools and retail
Detailed Independent Property Report prepared by PropCred Analyst team for 1/26 Amber Cres, Narre Warren VIC 3805
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
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: similar units in Narre Warren have transacted around $550k–$650k | Property Price Band: $550k–$650k | Value Drivers: internal condition, outdoor space size, and proximity to schools and retail
Bedrooms
3
Bathroom
1
Parking
1
Land
735m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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