14 Spree Street Tarneit VIC 3029

3-bed townhouse | 212m² lot | 70% building coverage | Wyndham zoning without overlays The buying case rests on this property’s efficient land use: a 149m² building on a 212m² lot with 70% coverage is rare in Tarneit, offering a genuinely low-maintenance footprint with no bushfire, flood, or heritage constraints. The evaporative cooling and ducted heating are functional for Melbourne’s climate, and the dual car spaces (one remote garage, one open) are a practical edge over comparable townhouses. This property best suits a first-home buyer or investor seeking a turnkey holding in a growth corridor, where the median rental of $505/week against a $556,000 valuation implies a gross yield near 4.7%—above the suburb average. The proximity to Nearnung Primary School and Tarneit Senior College adds tenant appeal, though school zoning is not a premium driver. The primary risk is the 212m² lot size, which limits future subdivision or significant value-add; this is a hold-for-cash-flow property, not a land-bank play. The 2021 purchase at $207,000 versus the 2024 sale at $545,000 shows rapid capital growth, but the current $556,000–$590,000 valuation range suggests the market has plateaued—buying at the lower end of that band preserves equity. The $580,000 November 2025 sale on the same street confirms price resistance above $590,000. The FTTP NBN and 5G coverage support remote work, but these are table stakes, not differentiators. Hold this property for rental income and modest capital appreciation over five years; do not overpay beyond $560,000.