23 Ardblair Terrace, Narre Warren South VIC 3805
23 Ardblair Terrace, Narre Warren South VIC 3805
Family-sized house on established block | Detached family living in a built-up suburb | Strong owner-occupier demand | School catchment and retail within reach | Configuration-driven appeal
This property sits comfortably within Narre Warren South’s family-oriented estate character, where detached houses on generous blocks are the norm. Its likely configuration—multiple bedrooms, multiple bathrooms, and a double garage—aligns with what local buyers actively seek, making it a sensible option for owner-occupiers or upgraders looking for room to grow. The area’s established infrastructure, including schools, shopping centres, and parks, adds practical everyday value, while the house’s position in a quiet terrace street may offer a more settled feel than busier through-roads. For a family prioritising space and convenience, this property is well-matched to their needs.
Value may be influenced by the land size relative to comparable houses in the suburb, as larger blocks typically command a premium. The condition of the interior and any recent upgrades—such as kitchen, heating, or outdoor living areas—could also sway buyer interest. Orientation and street aspect might affect natural light and privacy, which are subtle but meaningful considerations. Rental demand for larger family homes in this area is steady, so the property’s income potential could be a secondary factor for investors, though its primary appeal is likely as a long-term family residence.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Ardblair Terrace, Narre Warren South VIC 3805
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Narre Warren South is a family-oriented southeast Melbourne suburb where demand is driven by couples with children, reflected in a dominant 10-19 age cohort and 81.6% owner-occupancy. Houses sell at a median 21 days, with 424 annual sales, while the median house price holds near $850,000 after 4.3% yearly growth. Units are tighter, at $685,000 with 11.4% growth, and deliver a 4.3% rental yield versus 3.8% for houses. Future upside rests on ongoing residential estates and Casey Central’s expansion, which supported population growth past 30,000. Constraints are emerging: house sales fell 18.2% year-on-year, auction clearance dropped to 34.9%, and average days on market extended to 45, signalling a cooling market despite firm long-term fundamentals.
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PropCred Estimated Value
Comparable Sales: 51 Ardblair Terrace at $1.0M–$1.05M; 23 Grenfell Rise at $880K–$920K | Property Price Band: $900K–$1.0M | Value Drivers: land size, condition, layout flexibility
Bedrooms
4
Bathroom
2
Parking
2
Land
709m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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