3-bed with ensuite & WIR | compact 357m² lot | modern open-plan living | in-demand school zones | currently tenanted at $500pw
This house presents a competitively strong offering within the entry-level market, serving first-home buyers or investors seeking established tenancy. Its configuration-master suite with ensuite and walk-in robe, modern open-plan living, and placement within the catchment of Davis Creek Primary and The Grange P-12 College-delivers a complete, move-in ready package that aligns precisely with core rental and owner-occupier demand in Tarneit. The current tenancy at $500 per week demonstrates immediate income viability.
Proceed with due diligence on the land size discrepancy noted between sources-357m² versus 957m²-as this variance materially impacts land value and future development potential. The absence of recent comparable sales data locally necessitates a conservative valuation approach; rely on a formal valuation to anchor your offer within the estimated $520k-$700k range. This property is best held as a long-term rental, leveraging its stable yield and school-zone appeal to mitigate its exposure to a saturated market of similar stock.