81 Norfolk Drive Narre Warren VIC 3805

81 Norfolk Drive Narre Warren VIC 3805
4-bed family home | 238mΒ² large living space | fully fenced with solar | zoned for sought-after schools | no overlays This property presents a competitively strong offering for a family buyer, centred on its above-average building size and practical liveability features on a manageable block. Its position within the catchments for well-regarded government schools, including Nossal High, is a definitive advantage, anchoring its appeal to a stable demographic. The absence of bushfire or flood overlays removes a layer of due diligence complexity and potential insurance cost. The primary risk is price positioning against recent street sales, which have transacted lower, creating a valuation gap that must be justified by its superior size and condition. The opportunity lies in securing a turnkey, energy-efficient home in a growth corridor, with a clear commercial logic for long-term capital holding supported by rental demand. Proceed with a disciplined price ceiling informed by a professional valuation to mitigate overpayment, and utilise a property report to validate locality risks and precise insurance assessments. Recent sales on Norfolk Drive provide essential context: 84 Norfolk Drive sold for $720,000 (3 bedrooms, 1 bathroom, 110mΒ² building) and 77 Norfolk Drive sold for $620,000 (3 bedrooms, 1 bathroom). These transactions suggest the subject property’s current asking range demands a premium justified by its extra bedroom, second bathroom, and significantly larger floorplan.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Narre Warren is a well-established and growing family hub southeast of Melbourne, anchored by major retail and leisure amenities. Demand is driven by families and professionals seeking value and lifestyle, supported by excellent schools and strong transport links. The market demonstrates robust price growth, with houses transacting swiftly, indicating sustained buyer competition. Future prospects are underpinned by its role as a key commercial centre, though its popularity may test affordability as development continues.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

3

Land

559mΒ²

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