99 Norfolk Drive, Narre Warren VIC 3805
99 Norfolk Drive, Narre Warren VIC 3805
Established family house on a quiet suburban street | Solid land size in a mature pocket | Close to schools, shops and transport | Likely to suit owner-occupiers and steady investors.
This property sits within an established residential pocket where detached family houses on medium-sized blocks are the norm. The street itself carries a settled character, with long-term owners and a mix of three and four-bedroom homes that appeal directly to families and first-home buyers looking for space without leaving the suburbs. The configuration is practical rather than flashy, and the location does the heavy lifting, with Westfield Fountain Gate, the railway station and the Monash Freeway all within easy reach. For a buyer wanting a solid house in a convenient, low-drama neighbourhood, this one fits the brief well.
The age of the house may be the main factor to weigh. Homes in this area were largely built in the late 1970s, so condition and maintenance history will matter more than the layout itself. A renovated or well-kept example could hold its value comfortably, while a dated interior might require a budget for updates. The land size is likely to be the strongest value anchor, and the absence of overlays or development pressure keeps things straightforward. Buyers should factor in potential renovation costs and compare against what similar houses on the street have recently achieved.
|| Comparable Sales: 84 Norfolk Drive sold at $720k; 85 Norfolk Drive sold at $766k | Property Price Band: $700k–$800k | Value Drivers: land size, condition, presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 99 Norfolk Drive, Narre Warren VIC 3805
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Narre Warren, 38km southeast of Melbourne, is a key residential and commercial hub in the City of Casey. Demand is driven by families, professionals, and investors, supported by excellent schools, strong transport links, Westfield Fountain Gate, and the Casey ARC leisure centre. These anchors provide a durable demand base. House prices sit around $800,000 with annual growth between 6.67% and 7.9%, while units range from $600,000 to $622,000, with one series showing 15.2% growth. The market is tight: houses sell in 14-15 days, with annual sales volume near 438. Gross rental yields are modest at roughly 3.8% for houses and 4.5-4.8% for units, with weekly rents of $570-580 and $490-540 respectively. Demand remains robust, though yield compression signals pricing has outpaced rental growth.
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PropCred Estimated Value
Comparable Sales: 84 Norfolk Drive sold at $720k; 85 Norfolk Drive sold at $766k | Property Price Band: $700k–$800k | Value Drivers: land size, condition, presentation
Bedrooms
3
Bathroom
2
Parking
2
Land
650m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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