21 Gordonia Cres, Narre Warren VIC 3805

21 Gordonia Cres, Narre Warren VIC 3805
663 m² block | 3 bed 2 bath 2 car | established Narre Warren pocket | land-rich vs new estates | renovation upside This house is strongly positioned on land. At 663 square metres, the block is far larger than Narre Warren’s newer detached stock, which is typically built on 400–500 square metres. Genuine options are created by that land: the footprint can be extended, the backyard reworked, or the outdoor space simply enjoyed. The three-bedroom, two-bathroom, two-car format is well suited to a family or an investor seeking steady rental demand. Established streets in this pocket are favoured by buyers who value room to move over new-estate finishes. The property is positioned within reach of Fountain Gate, the Monash Freeway, and Narre Warren Station, by which owner-occupier and tenant interest are both supported. The final price may be influenced by condition and layout. If original 1980s finishes are retained, a renovation budget would be warranted; the case would be strengthened by recent updates. Orientation and single-level versus split-level configuration might be reflected in liveability. Family buyers could be swayed by school catchment. Together, these may shift the price by tens of thousands.
Detailed Independent Property Report prepared  by PropCred Analyst team for 21 Gordonia Cres, Narre Warren VIC 3805
Checks found:
Value Risk ! 1
Liquidity Risk ! 1
Planning Risk
Income Risk
Execution Risk ! 1
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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: 16 Gordonia Cres about $710K; 1 Guildford Cres about $730K | Property Price Band: $700K–$800K | Value Drivers: land size, condition, school catchment

Bedrooms

3

Bathroom

2

Parking

2

Land

667m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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