5 Zion Avenue, Tarneit VIC 3029

5 Zion Avenue, Tarneit VIC 3029
4-bedroom family floorplan | four separate living zones | designer kitchen with butler’s pantry | master suite with spa ensuite | 528sqm lot in established Tarneit pocket This property offers a rare configuration advantage for a family buyer: four distinct living zones plus a study, which typically only appears in higher-priced new builds. The 326sqm building footprint on a 528sqm lot signals generous room proportions and a functional layout for a growing household. The kitchen specificationโ€”900mm appliances, stone benchtops, butler’s pantryโ€”aligns with current premium finishes and reduces the need for immediate upgrades. The master suite with spa bath and dual vanity adds a lifestyle edge that strengthens resale appeal in the family segment. This house serves best a buyer seeking long-term occupancy rather than a quick flip, as the floorplan depth supports multi-generational living or home-based work. The main risk is the price gap between the listing range and the Domain estimated value of $760,000, suggesting limited immediate equity upside. The 62% site coverage leaves minimal outdoor space for expansion or landscaping, which may deter buyers wanting a larger yard. Rental potential at $590/week midpoint offers a modest 3.7% gross yield at $820,000, making it a weak investment play unless purchased below $780,000. Opportunity lies in the 2016 purchase price of $555,000, indicating the vendor holds significant equity and may accept a negotiated discount. Hold this property as a primary residence for at least five years to capture capital growth from the area’s ongoing infrastructure improvements.

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

528mยฒ

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