3 Tanunda Close, Narre Warren VIC 3805

3 Tanunda Close, Narre Warren VIC 3805
1993 build | 651m² lot with drive-through access | 3 bed, 2 bath layout | Freshly presented This property presents a competitively strong offering for a buyer seeking a low-maintenance family home on a substantial block in an established suburb. The 651 square metre lot is the key advantage, providing generous outdoor space with multiple sheds and alfresco area, a configuration increasingly rare in new stock. The drive-through carport to the backyard adds significant utility for trades or trailers. It best serves an owner-occupier needing space or a long-term holder capitalizing on land value. The decision hinges on reconciling the premium for presentation against the absence of recent comparable sales data. The fresh paint and flooring command a price, but the 1993 build age carries imminent capital cost risk for roofing, plumbing, and heating systems. The conflicting bathroom counts between listings indicates a due diligence imperative. Acquire this property only after a structural inspection and with a valuation buffer for upcoming replacements, as its land component justifies a hold strategy. Our report would pressure-test the asking range against true market movements and detail locality-specific risks for a complete position. Last sold in April 1986 for $257,000, indicating very long-term previous ownership. Also sold in January 2018, though the price is undisclosed. This sparse sales history limits precise trend analysis but underscores the property’s stability and infrequent turnover.
Detailed Independent Property Report prepared  by PropCred Analyst team for 3 Tanunda Close, Narre Warren VIC 3805
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Market Insight:

Narre Warren is a well-established and growing family hub southeast of Melbourne, anchored by major retail and leisure amenities. Demand is driven by families and professionals seeking value and lifestyle, supported by excellent schools and strong transport links. The market demonstrates robust price growth, with houses transacting swiftly, indicating sustained buyer competition. Future prospects are underpinned by its role as a key commercial centre, though its popularity may test affordability as development continues.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

4

Land

651m²

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