36 Sweeney Drive, Narre Warren VIC 3805

Vacant land with approved plans | 18 rentable rooms | 1112sqm block | Casey LGA The approved plans for two double-storey rooming houses offering eighteen rentable rooms represent a rare turnkey development opportunity in Narre Warren. This configuration gives a buyer immediate yield potential from day one of construction, bypassing the typical approval delays that cost time and capital. The 1112 square metre block provides enough land mass to absorb the density without compromising amenity, which matters for tenant retention. This property suits an investor looking for a cash-flow-focused build-to-rent model rather than a single dwelling play. The primary risk is the discrepancy in the existing house description—whether three or seven bedrooms—which may affect demolition or holding costs if settlement timing is misaligned. The buyer should verify the current structure’s condition and any rental income during the pre-development phase. The commercial logic is straightforward: the approved rooming house design de-risks the planning pathway and compresses the timeline to income. Hold this property as a purpose-built rental asset targeting the stable demand for affordable, compliant accommodation in Casey.