47 Eagleridge Promenade, Tarneit VIC 3029

price floor at $735k | recent rental upside tested | tariff risk in Tarneit | buyer leverage present Based on the price behaviour since mid-2024, the property has already appreciated approximately $40k in just over twelve months, which suggests the current asking range reflects a market that has repriced quickly. The rental yield near 4% is solid for this corridor, but the real opportunity lies in the fact that this house has only one income stream tested at $600 per week. If you can secure it near the lower end of the range, your initial yield pushes past 4.1% and you build in a buffer against any softening in the Tarneit market. The property itself holds well for a hold-and-hold strategy or as a stable rental addition to a portfolio, given the absence of flood or bushfire overlays and the fully fenced, solar-paneled setup that appeals to family tenants. What makes this house competitively rare is the combination of a 526m² lot with a single-storey 260m² floorplan, which is unusually efficient for the suburb’s newer developments. The NBN Fibre to the Premises and 5G coverage are nice extras, but the prime differentiator is the built-in study and shed—features that attract remote-worker tenants or families who need additional storage without sacrificing living space. This property serves best a buyer looking for a turnkey rental or a first house that requires no immediate capital outlay, in a street where 70% of owners live in their homes, not investors. With comparable sales around $735k and a similar property down the street quoted up to $825k, the current guide offers a genuine entry point for anyone who wants to avoid overpaying in a market that is still finding its post-2024 footing. The buyer who understands that the yield is already above the suburb average and that the floor space is oversized for the land size will see the value others miss. Your next step should be to test the vendor’s resolve with an offer under $775k and push for a 60-day settlement to get the rental market working for you from day one.