63 Gledhill Street, Narre Warren South VIC 3805
63 Gledhill Street, Narre Warren South VIC 3805
Entry-level house | 287sqm land | ~$550ย580pw rent | flood overlay present | high supply suburb
3 bed, 2 bath house on a small 287sqm blockยfunctional layout but limited land component vs typical 500ย600sqm stock. Location is convenience-driven (schools, shopping, arterial access), supporting steady but not premium demand.
This sits in a high-supply, first-home/investor market. Rent (~$550ย580pw) supports holding, but small land size and flood overlay reduce long-term upside. Expect performance to track affordability trends, not outperform via land-driven growth.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 63 Gledhill Street, Narre Warren South VIC 3805
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Market Insight:
Narre Warren South is a family-oriented suburb experiencing steady residential growth, supported by expanding retail amenities. Demand is primarily driven by owner-occupying families, creating a competitive sales environment with properties transacting quickly. Recent price growth has been solid, though market conditions show signs of softening with increased time on market and lower auction clearance rates. Future growth is underpinned by ongoing development and population increase, yet key risks include rising market supply and sensitivity to broader economic conditions affecting buyer activity.
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PropCred Estimated Value
Bedrooms
Bathroom
Parking
2
Land
287mยฒ
Assessments Delivered Today
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