35 Long Tree Drive, Harkness VIC 3337
35 Long Tree Drive, Harkness VIC 3337
4-bed family home | dual living zones | 558mΒ² block in sought-after pocket | bushfire overlay | leased until Oct 2025
This house presents a competitively strong offering for a capital growth-focused investor or a future owner-occupier, given its larger-than-typical block size and dual living areas in a family-sought pocket near schools and transit. The configuration delivers functional scarcity for the area, and the existing lease provides immediate income stability for a buyer. It best serves a patient buyer insulated from short-term occupancy needs.
The bushfire overlay imposes future insurance and potential compliance costs, while the indicative price sits at the upper range of current automated valuations, demanding scrutiny of the agentΒs comparable sales. Secure this property only with a building inspection to verify the satellite-derived size estimate, and plan to hold through the lease term to capitalise on suburb maturation without incurring tenancy change costs.
The agentΒs Statement of Information references three sales within 2km over the past six months. While specific details are in the provided PDF, the selection of these comparables by the selling agent is designed to justify the asking price. A prudent buyer must independently verify these sales and assess whether this propertyΒs larger land parcel and dual living areas command a justified premium over those settled prices.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Harkness is positioned as a relatively affordable family suburb within Melbourne’s growth corridor, attracting both owner-occupiers and investors. Demand is driven by families seeking value, evidenced by strong sales volumes and a market dominated by larger homes. Recent price trends show consistent, moderate growth across houses, with a brisk sales pace indicating solid underlying demand. Future prospects are supported by this sustained activity, though the market exhibits some sensitivity, with a notable divergence in performance between houses and units suggesting selective buyer caution.