7 Eagleridge Promenade, Tarneit VIC 3029
7 Eagleridge Promenade, Tarneit VIC 3029
Established 2009 build | 578 sqm land | 3-bed family floorplan | solar-equipped | school-zoned pocket
This property holds a genuine competitive edge in Tarneit: a 578 sqm block with a 2009 build places it in the older, more land-rich tier of the suburb, where newer stock often trades smaller lots for extra bedrooms. The 3-bedroom layout on this sizeable parcel appeals directly to buyers prioritising outdoor space, garden potential, or future extensions over maximised internal density. It serves best as a long-term family home—close to primary and senior schooling, with no flood or bushfire overlays—or as a solid rental holding, given the area’s consistent tenant demand and mid-4% yield signals.
Value may be shaped by the 3-bedroom configuration, which could narrow the buyer pool compared to typical 4-bedroom family stock, though the larger land component often offsets this in price-per-sqm terms. The 2009 build offers modern construction without the premium of a brand-new finish, so presentation and any renovation work could influence final offers. Solar panels add an efficiency layer, while the confirmed 5G and FTTN connectivity supports everyday living. School catchment boundaries appear to vary by source, so verifying current zoning is advisable before committing.
Detailed Independent Property Report prepared by PropCred Analyst team for 7 Eagleridge Promenade, Tarneit VIC 3029
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Tarneit, 25km southwest of Melbourne, is a high-growth family corridor, with population up 63.1% since 2016 to 56,370. Demand is led by couples with children and professionals aged 30–39; 66.6% of homes are owner-occupied. House medians range $665,000–$675,000, showing modest annual growth of 2.4–3.1%, while units sit around $437,000–$479,000 with mixed annual moves. Houses sell in roughly 49–52 days, with 1,786–1,921 sales over the past year—indicating liquid turnover. Future drivers include modern estates, 50 parks, and established family infrastructure. Key constraints: affordability pressures from high mortgage repayments, below-state auction clearance at 55.7% versus metro 77.8%, and longer days on market than the metro average.
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PropCred Estimated Value
Comparable Sales: 47 Eagleridge Promenade sold $735,000 (Apr 2024) | Property Price Band: $680,000–$780,000 | Value Drivers: land size, build age, bedroom count, solar installation, school proximity
Bedrooms
4
Bathroom
2
Parking
2
Land
578m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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