219 Ormond Road, Narre Warren South VIC 3805

219 Ormond Road, Narre Warren South VIC 3805
3 bed, 1 bath, 450mยฒ | Covered deck and spa | Next to P-12 school | Street 85% owner-occupied The property’s configuration is its strongest edge in this market. Three bedrooms with the master’s adjoining sitting room offers genuine flexibility for a young family or professional couple planning for children, a feature rare at this price point in Narre Warren South. The covered decked patio and outdoor spa, combined with the low-maintenance garden and fully fenced yard, create a low-upkeep lifestyle package that competes directly against newer townhouses. Being positioned 100 metres from the P-12 college and on a street with 85% owner-occupiers gives this house an enduring demand floor for resale. The single bathroom is the primary risk, limiting appeal for larger families and requiring careful buyer targeting. The 2007 purchase history suggests limited renovation, so buyers should budget for potential updates to kitchen or bathroom within five years. The suburb’s 5.6% growth and 3.8% rental yield support a hold strategy, and the covered garage with split system aircon provides functional basics. Buyers who can accept the bathroom constraint and prioritise location and outdoor living will find this property holds its value well through the next cycle.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 219 Ormond Road, Narre Warren South VIC 3805
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Market Insight: Narre Warren South VIC 3805

Narre Warren South is a family-oriented suburb experiencing steady residential growth, supported by expanding retail amenities. Demand is primarily driven by owner-occupying families, creating a competitive sales environment with properties transacting quickly. Recent price growth has been solid, though market conditions show signs of softening with increased time on market and lower auction clearance rates. Future growth is underpinned by ongoing development and population increase, yet key risks include rising market supply and sensitivity to broader economic conditions affecting buyer activity.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

450mยฒ

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