39 Elsmore Street, Tarneit VIC 3029

39 Elsmore Street, Tarneit VIC 3029
4-bed family home | Reflections Estate | 260mยฒ building on 480mยฒ lot | solar panels detected | zoned for Tarneit P-9 and Senior College The propertyโ€™s competitive edge lies in its high site coverage of 54 percent, offering a substantial 260-square-metre floorplan that is rare for a standard 480-square-metre lot in Tarneit. This configuration gives buyers a genuine four-bedroom home with generous living space, not a squeezed design. Combined with solar panels and FTTP connectivity, the house is positioned for lower ongoing utility costs and strong family appeal in a suburb where larger floorplans command a premium. It serves best for owner-occupiers seeking a long-term family home within walking distance of two government schools and the Reflections Estateโ€™s parks and trails. The primary risk is the pricing range, which sits above recent street comparables like number 32 at $732,500, suggesting limited immediate upside without further negotiation. The one-year hold and rapid growth at number 29 appear anomalous and not repeatable. For a buyer, the opportunity is to secure a well-configured home in a stable estate with low holding costs and solid rental demand at a projected $585 per week. Hold this property for at least five to seven years to capture Tarneitโ€™s ongoing infrastructure growth and school catchment stability.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Tarneit is a high-growth family suburb positioned as a relatively affordable entry point to Melbourne’s west. Demand is driven by young professional families seeking modern housing, supported by strong population growth and established community infrastructure. House prices show steady, moderate growth with a balanced market, while units present a more dynamic, higher-yield segment. Future growth is anchored in continued demographic expansion, though the market shows signs of price sensitivity and a slight supply-demand imbalance that warrants monitoring.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

480mยฒ

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