5 Alice Way, Tarneit VIC 3029
5 Alice Way, Tarneit VIC 3029
3 bed | 2 bath | 2 car | 441sqm land | 150sqm internal | sold 2022 for $601k | estimated near $1m
This property is a straightforward family house on a standard suburban lot in Tarneit, a growth corridor where detached homes dominate. The configuration is common but functional, with three bedrooms and two bathrooms suiting owner-occupier families or investors targeting family tenants. The 441sqm land size is typical for established parts of the suburb, not oversized or unusual. The 150sqm internal area suggests a modest but livable floorplan, not a premium build. The 2022 sale at $601k and current estimate around $1m reflect the area’s price growth, but the house itself does not stand out as rare or exceptional — it is solidly ordinary within its market.
The conflicting land size data from one portal claiming 1.44 acres is unreliable and should be disregarded, as it does not match the property’s suburban form or other records. The lack of confirmed construction year means the building’s age is unknown, which may affect depreciation or renovation considerations. The property’s value may be influenced by school catchments or nearby infrastructure, but those details were not available in the provided information. The standard configuration and lot size mean the price will likely be driven by market conditions in Tarneit rather than any unique feature of this house.
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Alice Way, Tarneit VIC 3029
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
1
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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
3
Bathroom
2
Parking
2
Land
441m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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