2 Delancey Street, Tarneit VIC 3029
2 Delancey Street, Tarneit VIC 3029
4 bed corner block | 702m² land | solar fitted | 2012 build | family zoning
This property stands out for its land size and corner positioning, which is uncommon in Tarneit’s newer estate stock. The 702m² allotment offers real flexibility—room for a shed, extended outdoor living, or future reconfiguration—while the corner aspect provides extra access and a sense of openness that mid-block homes rarely match. Built in 2012, it sits in that sweet spot of being established enough to have mature gardens and settled neighbours, yet modern enough to avoid the maintenance headaches of older builds. The solar panels add genuine running-cost relief, and the school catchment alignment to Tarneit Rise Primary and Tarneit P-9 makes this a practical choice for families wanting a straightforward public education pathway without long drop-offs. This house serves best as a long-term family home where land and location matter more than internal polish.
The value picture here is shaped by a few factors that may influence what a buyer is willing to pay. The 4-bed, 2-bath layout is functional but not luxurious, so presentation and any recent updates will carry weight in setting expectations. The FTTN connection is a minor drawback compared to fibre-to-the-premises, though 5G coverage offsets some of that for everyday use. The corner block could appeal to buyers with development thoughts, but that depends on council planning rules rather than the listing data alone. Rental estimates between $550 and $600+ weekly suggest moderate yield, so investors might view this as a land play rather than a cash-flow driver. The absence of bushfire, flood, or heritage overlays removes obvious red flags, which keeps the risk profile clean for most purchasers.
|| Comparable Sales: 13 Delancey Street sold at $553,000 on a 300m² block | Property Price Band: $800K–$900K | Value Drivers: land size, corner position, school catchment proximity
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Delancey Street, Tarneit VIC 3029
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
URL has been copied successfully!
Market Insight
Tarneit, 25km southwest of Melbourne, is a high-growth family corridor, with population up 63.1% since 2016 to 56,370. Demand is led by couples with children and professionals aged 30–39; 66.6% of homes are owner-occupied. House medians range $665,000–$675,000, showing modest annual growth of 2.4–3.1%, while units sit around $437,000–$479,000 with mixed annual moves. Houses sell in roughly 49–52 days, with 1,786–1,921 sales over the past year—indicating liquid turnover. Future drivers include modern estates, 50 parks, and established family infrastructure. Key constraints: affordability pressures from high mortgage repayments, below-state auction clearance at 55.7% versus metro 77.8%, and longer days on market than the metro average.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 13 Delancey Street sold at $553,000 on a 300m² block | Property Price Band: $800K–$900K | Value Drivers: land size, corner position, school catchment proximity
Bedrooms
4
Bathroom
2
Parking
2
Land
702m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!