14A Upton Cres, Narre Warren VIC 3805
14A Upton Cres, Narre Warren VIC 3805
Suburban unit with private entry | Family-oriented demand | Quick turnover market | Established street | Compact footprint
This unit is positioned as a low-maintenance dwelling within a mature residential setting. The compact layout is well suited to households seeking efficient single-level space, and the surrounding area is known for stable family occupancy and steady rental interest. The property is best matched to first-home buyers or small families prioritising affordability and convenience over expansive floor area. Its street placement provides a quiet residential feel while retaining access to daily services. The unit’s configuration is considered practical rather than generous, which is typical of its property class.
Value may be influenced by land size and recent renovations. Aspect and orientation might be weighed for natural light and private outdoor space. Conversion potential is limited by standard overlays. Comparison with full houses should be cautioned, as the unit serves a different buyer segment. Confirmation is needed for boundary and common property details.
Detailed Independent Property Report prepared by PropCred Analyst team for 14A Upton Cres, Narre Warren VIC 3805
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Narre Warren, 38km southeast of Melbourne, is a key residential and commercial hub in the City of Casey. Demand is driven by families, professionals, and investors, supported by excellent schools, strong transport links, Westfield Fountain Gate, and the Casey ARC leisure centre. These anchors provide a durable demand base. House prices sit around $800,000 with annual growth between 6.67% and 7.9%, while units range from $600,000 to $622,000, with one series showing 15.2% growth. The market is tight: houses sell in 14-15 days, with annual sales volume near 438. Gross rental yields are modest at roughly 3.8% for houses and 4.5-4.8% for units, with weekly rents of $570-580 and $490-540 respectively. Demand remains robust, though yield compression signals pricing has outpaced rental growth.
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PropCred Estimated Value
Comparable Sales: A three-bedroom unit at 1/17 Upton Crescent sold for $605,500 | Property Price Band: $600,000–$700,000 | Value Drivers: condition, land size, layout
Bedrooms
3
Bathroom
2
Parking
2
Land
293m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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