24 Lansbury Drive, Narre Warren South VIC 3805
24 Lansbury Drive, Narre Warren South VIC 3805
Well-priced family home | Strong comparables nearby | No overlays | Strathaird zone | 512sqm block
This property sits at a logical entry point between two higher- and lower-valued neighbours, giving a buyer rare pricing visibility. The 512sqm block with no overlays is increasingly uncommon in this pocket, and the school zoning adds a structural floor to buyer demand. For a family wanting a functional, well-lit home with room to add value over time, the configuration is sound and the positioning defensible.
The main risk is that the interior may need updating sooner than the facade suggests, and the 2021 purchase price is unknown, making vendor motivation unclear. The opportunity lies in negotiating below the midpoint of the range, using the 23 Lansbury sale as an upper anchor. Buy to hold, and let the zoning and land scarcity do the work.
Detailed Independent Property Report prepared by PropCred Analyst team for 24 Lansbury Drive, 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
2
Parking
2
Land
512m²
Assessments Delivered Today
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