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VIC › Narre Warren North › Drysdale Ave

148 Drysdale Ave, Narre Warren North VIC 3804

For saleLand for Sale

$1,250,000–$1,350,000

For sale

Asking range

0

Bedrooms

0

Bathrooms

0

Car spaces

2,006 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,250,000–$1,350,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,250,000–$1,350,000(Listing record · 28 Mar 2026)
  • FactLand 2,006 m²; no building size recorded.(Property record)
  • CalculationAsk is 19% below the Narre Warren North median recorded sale ($1,550,000, n=34, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Narre Warren North's advertised median rent ($571/wk), implied gross yield would be 2.38% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$1,250,000–$1,350,000

Asking range · $623/m² of land

No recorded sale for this property.

Narre Warren North at a glance

8,074

People

$1,550,000

Median sale

$571/wk

Median rent

1.92%

Suburb gross yield

Median sale from 34 recorded sales (last 12 months) — a Districts calculation.

See the full Narre Warren North report →

Vs Narre Warren North

-19.4%

Median sale

Suburb $1,550,000

+0.46 pp

Gross yield

Suburb 1.92%

Suburb median $1,550,000 from 34 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$1,250,000
Stamp Duty (Victoria)
$68,750
Transfer/Registration Fee
$3,029
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,325,479

$75,479 on top of the price (6.0% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Narre Warren North's advertised median rent — not a rent for this listing.

Net yield
0.88%
Annual cashflow (pre-tax)
$-54,058
Interest cover (DSCR)
0.17
Annual rent
$29,692
Operating expenses
$18,750
Loan amount
$1,000,000
Annual interest
$65,000
Gross yield
2.38%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$1,250,000–$1,350,000available28 Mar 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $571/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 2.4%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Narre Warren North in one glance

Narre Warren North at a glance

8,074

People

$1,550,000

Median sale

$571/wk

Median rent

1.92%

Suburb gross yield

Median sale from 34 recorded sales (last 12 months) — a Districts calculation.

See the full Narre Warren North report →

Keep researching

  • Why Narre Warren North? Read the area thesis →
  • What else is on the market in Narre Warren North →
  • Other records on Drysdale Ave →

Listing material

Listed by Keen Real Estate

A Premium 2006m² Blank Canvas with Limitless Potential

Set within one of Narre Warren North’s most tightly held and prestige pockets, this expansive 2006m² (approx.) allotment presents a rare and compelling opportunity to create something truly exceptional. With impressive dimensions of approximately 30.8m frontage and depth, and 65m along both sides, the canvas is perfectly proportioned for a grand-scale residence, offering the space, flexibility, and presence that discerning buyers demand when building their forever home.

Surrounded by a growing collection of architecturally designed mansions and luxury residences, this address is quickly becoming synonymous with high-end living, attracting discerning buyers who recognise both the lifestyle appeal and long-term value of securing land in this blue-chip enclave. Opportunities like this are few and far between—vacant blocks of this size are incredibly scarce in Narre Warren North, and with demand continuing to rise, this is your chance to secure a foothold in a location that promises both prestige and strong future growth.

Imagine designing and building your dream home on a true half-acre allotment (approx.), where you can incorporate expansive indoor and outdoor living zones, resort-style entertaining areas, a pool, shedding, or even additional garaging—without compromise (STCA). The possibilities here are only limited by your vision.

Read the full description

Perfectly positioned for both convenience and lifestyle, you’re just moments from quality schooling including Narre Warren North Primary School, Mary MacKillop Catholic Regional College, and Fountain Gate Secondary College. Enjoy easy access to shopping and dining at Westfield Fountain Gate, while nearby Casey Central Shopping Centre caters to your everyday essentials.

For commuters, the Monash Freeway is within easy reach, as well as Narre Warren railway station providing seamless connectivity to the CBD. Outdoor enthusiasts will appreciate the proximity to Lysterfield Park and Wilson Botanic Park Berwick, offering walking trails, picnic areas, and a tranquil escape from the everyday.

Whether you’re looking to build a statement home or secure a premium landholding in an area on the rise, this is a golden opportunity to capitalise on space, location, and lifestyle in one of the southeast’s most desirable pockets.

Interested in this property? Make an offer via our online platform by following this link https://prop.ps/l/dHR0H9gXJmQ5

Listing description written by Keenan Kleynhans, Keen Real Estate — reproduced as published, not verified by Districts.

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Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.