219 Ormond Road, Narre Warren South VIC 3805

219 Ormond Road, Narre Warren South VIC 3805
3 bed, 1 bath, 450m² | 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 practical flexibility for a young family or professional couple planning for children, a feature less common 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. The single bathroom is the main issue requiring closer review, 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. For a buyer considering this property, the detailed report should test the valuation, comparable sales and constraints before the visible positives are relied on.
Detailed Independent Property Report prepared  by PropCred Analyst team for 219 Ormond Road, Narre Warren South VIC 3805
Checks found:
Value Risk 2
Liquidity Risk 2
Planning Risk
Income Risk
Execution Risk ! 1
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Market Insight

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

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