10 Cityview Cres, Tarneit VIC 3029

Large family home | 709m² land in established street | FTTP & 5G coverage | No bushfire or flood overlays This property presents a competitively strong offering for a family seeking space and modern infrastructure within the Tarneit market. Its 709 square metre land parcel and 273 square metre building size are substantially larger than the newer townhouse and unit stock appearing nearby, providing a scarcity premium in an area densifying. The four-bedroom, two-bathroom layout with dedicated study and rumpus room is configured for owner-occupier demand, further supported by ducted heating and cooling. Its zoning for Westgrove Primary and The Grange P-12 College anchors its appeal to the core buyer profile for this suburb. The absence of planning overlays for bushfire or flood removes a layer of complexity and cost for both insurance and future development, while the confirmed Fibre to the Premises NBN and 5G mobile coverage are material functional advantages for a working household. The decision hinges on reconciling its size advantage against a market with limited direct sales evidence. The primary risk is price validation; the most recent comparable house sale on the street was 2 Cityview Cres at $450,000 in late 2019, which is no longer a relevant benchmark, creating ambiguity. The $800,000 to $850,000 ask must be critically assessed against the estimated value of 17 Cityview Cres, a seemingly similar four-bedroom house noted at an $820,000 estimate. The opportunity lies in securing a large, serviced block in a stable street where future infill development may pressure land supply. Given its last rental was in 2017, it likely appeals to a long-term holder, not an investor seeking immediate yield. The judgment is to proceed only if the price can be secured at or below the lower end of the quoted range, positioning it as a long-term family home with inherent land value, not a short-term trading proposition. Recent sales context on Cityview Cres shows: – 2 Cityview Cres: 3 bed, 2 bath house sold for $450,000 in November 2019. – 17 Cityview Cres: A 4 bed, 2 bath house carries a current estimated value of $820,000. This contrast underscores significant market movement since 2019 and frames the subject property’s listing within the current premium for four-bedroom family homes on larger lots.