140 The Promenade, Narre Warren South VIC 3805
140 The Promenade, Narre Warren South VIC 3805
5-bed family house on 618m² | Established Promenade pocket | Family-oriented estate | Parks and schools nearby | Generous block for suburb
This property stands out as a genuinely large family house, with five bedrooms and a 618 m² block placing it firmly at the bigger end of the suburb’s typical detached housing. The Promenade pocket is recognised for its established, family-oriented character, close to parkland, walking tracks, and local schools, which gives this house a clear advantage for buyers who want space and a settled neighbourhood rather than a high-density or investor-driven setting. That combination serves owner-occupier families well, particularly upsizers or extended households needing multiple bedrooms and a usable outdoor area.
Its value may be shaped most by the internal condition and renovation standard, as those will directly influence how the five-bedroom configuration compares against other family houses in the area. Orientation and backyard aspect might affect everyday liveability, while the stable estate character offers little risk of sudden zoning or development changes. Buyers should weigh how much the land size and layout justify a premium, and recognise that presentation could shift the final price within a modest range.
Detailed Independent Property Report prepared by PropCred Analyst team for 140 The Promenade, Narre Warren South VIC 3805
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
1
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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: 140 Berwick Springs Promenade sold $1.18M | Property Price Band: $900K–$1.0M | Value Drivers: land size, five-bedroom layout, location within established estate
Bedrooms
4
Bathroom
2
Parking
2
Land
618m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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