101 Harold Keys Drive, Narre Warren South VIC 3805
101 Harold Keys Drive, Narre Warren South VIC 3805
4-2-2 family house | 500m² block with three living zones | Bushfire overlay present | School catchment demand | Traditional family suburb
The property is configured as a conventional family house, with four bedrooms, two bathrooms, and two car spaces on a 500 square metre block. The three separate living areas are considered a distinct advantage, allowing for both shared family time and quiet retreats, which is uncommon in many comparable houses in this pocket. It is positioned within a well-established residential suburb that is heavily oriented toward family living, with school catchments and community infrastructure nearby. Young families or established households are best served by this property, as it offers a practical, low-maintenance home with room to grow, rather than an investment option chasing high yields or a prestige purchase seeking elevated views.
Insurance costs and lending conditions may be affected by the presence of a bushfire overlay, which might influence buyer demand in certain market periods. The property’s final value may also be driven by its presentation or any recent renovations, as well as the effective use of its land, which offers enough space for outdoor living or future extensions. Buyer interest could further be shaped by the strength of the local school catchment and the general condition of the surrounding street. These factors, rather than the basic room count, are likely to determine how close a final price lands to the top or bottom of any expected range.
Detailed Independent Property Report prepared by PropCred Analyst team for 101 Harold Keys Drive, Narre Warren South VIC 3805
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
2
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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.
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PropCred Estimated Value
Comparable Sales: 4 Harold Keys Drive sold for $753,000 | Property Price Band: $800K-$900K | Value Drivers: land size, three-living-area layout, presentation
Bedrooms
4
Bathroom
2
Parking
2
Land
500m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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