10A Mark Drive, Tarneit VIC 3029
10A Mark Drive, Tarneit VIC 3029
Compact 3-bedroom house on a 223m² lot | Lock-up garage and low-maintenance backyard | Efficient 104m² internal layout | Suits entry-level buyers and investors.
This property is competitively strong as a compact, low-maintenance house in a suburb where newer, higher-density detached homes are the norm. The 104m² internal area on a 223m² lot offers an efficient land-to-building ratio, making it practical for first-home buyers or investors seeking a functional family layout without the cost of a larger block. The lock-up garage and low-maintenance backyard are notable for reducing upkeep, which is a genuine advantage over older, larger-lot homes in the area. This configuration serves best those wanting a manageable entry point into suburban homeownership or a straightforward investment property.
The value of this property may be materially affected by its small land component, which could limit future expansion or subdivision potential compared to larger blocks in Tarneit. The inconsistent parking data across sources—some showing two spaces, others one—might create a slight perception issue for buyers prioritizing secure car accommodation. The 2013 sale price of $155,000 is a historical anchor, but current market conditions in the low-to-mid $500,000s range reflect the typical price band for this type of compact house. Buyers should weigh the efficient use of space against the modest outdoor area when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 10A Mark Drive, Tarneit VIC 3029
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
Tarneit is a high-growth family suburb positioned as a relatively affordable entry point to Melbourne’s west. Demand is driven by young professional families seeking modern housing, supported by strong population growth and established community infrastructure. House prices show steady, moderate growth with a balanced market, while units present a more dynamic, higher-yield segment. Future growth is anchored in continued demographic expansion, though the market shows signs of price sensitivity and a slight supply-demand imbalance that warrants monitoring.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
223m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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