37-38 Lansell Close, Narre Warren South VIC 3805
37-38 Lansell Close, Narre Warren South VIC 3805
Large acreage-style holding | North-facing single-storey family house | Heavy shed and parking infrastructure | Quiet cul-de-sac privacy | Niche buyer appeal
This property sits in one of Narre Warren South’s tightly held acreage pockets, where larger lots and low-density living are rare within an otherwise conventional suburban market. The north-facing, single-storey layout with roughly 40 squares of internal space, three living areas, a home office, and stone-lined ensuite positions it as a genuine family home rather than standard stock. The standout feature is the 20-metre by 7-metre shed with mezzanine and three-phase power, which, alongside extensive garaging and a gym room, serves households with serious vehicle, trade, or hobby needs. A commercial-sized outdoor kitchen, magnesium pool, sauna, and cedar-lined alfresco extend living outdoors in a way typical suburban properties cannot match. This house best suits a large family or multi-vehicle household seeking privacy, entertaining capacity, and storage without leaving suburban reach.
The acreage-pocket setting may limit buyer pool to those specifically wanting space and infrastructure, which could affect how quickly it sells and the strength of competing offers. The single-storey footprint, while practical, may feel less efficient than a two-storey layout on a comparable block, and the extensive improvements require ongoing maintenance that some buyers might weigh against price. The north-facing aspect and cul-de-sac position are genuine positives, but the specialised nature of the shed and outdoor setup means value is tied to how well it matches a particular buyer’s lifestyle rather than broad market appeal. These factors may influence final price more than standard suburban comparisons would suggest.
Detailed Independent Property Report prepared by PropCred Analyst team for 37-38 Lansell Close, Narre Warren South VIC 3805
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
URL has been copied successfully!
Market Insight
Narre Warren South is a family-oriented southeast Melbourne suburb where demand is driven by couples with children, reflected in a dominant 10-19 age cohort and 81.6% owner-occupancy. Houses sell at a median 21 days, with 424 annual sales, while the median house price holds near $850,000 after 4.3% yearly growth. Units are tighter, at $685,000 with 11.4% growth, and deliver a 4.3% rental yield versus 3.8% for houses. Future upside rests on ongoing residential estates and Casey Central’s expansion, which supported population growth past 30,000. Constraints are emerging: house sales fell 18.2% year-on-year, auction clearance dropped to 34.9%, and average days on market extended to 45, signalling a cooling market despite firm long-term fundamentals.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 19–20 Lansell Close, similar acreage configuration, sold price not confirmed; nearby 37 Warren Close, three-bedroom villa, sold around $669,000 | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, shed and garage infrastructure, outdoor entertaining and pool
Bedrooms
7
Bathroom
3
Parking
6
Land
4000m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!