63 Gledhill Street, Narre Warren South VIC 3805
63 Gledhill Street, Narre Warren South VIC 3805
Entry-level house | 287sqm land | ~$550Β580pw rent | flood overlay present | high supply suburb
3 bed, 2 bath house on a small 287sqm blockΒfunctional layout but limited land component vs typical 500Β600sqm 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 (~$550Β580pw) 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.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
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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
287mΒ²
Assessments Delivered Today
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