Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started
Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started

VIC › Narre Warren South › Cypress Hill Dr

4 Cypress Hill Dr, Narre Warren South VIC 3805

For saleHouse for Sale

$1,000,000–$1,100,000

For sale

Asking range

4

Bedrooms

2

Bathrooms

3

Car spaces

559 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,000,000–$1,100,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,000,000–$1,100,000(Listing record · 13 Aug 2026)
  • CalculationAsk is 15% above the Narre Warren South median recorded sale ($866,500, n=66, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Narre Warren South's advertised median rent ($609/wk), implied gross yield would be 3.17% — 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

$1,000,000–$1,100,000

Asking range · $1,789/m² of land

No recorded sale for this property.

Narre Warren South at a glance

31,417

People

$866,500

Median sale

$609/wk

Median rent

3.65%

Suburb gross yield

Median sale from 66 recorded sales (last 12 months) — a Districts calculation.

See the full Narre Warren South report →

Vs Narre Warren South

+15.4%

Median sale

Suburb $866,500

-0.48 pp

Gross yield

Suburb 3.65%

Suburb median $866,500 from 66 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
$1,000,000
Stamp Duty (Victoria)
$55,000
Transfer/Registration Fee
$2,444
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
$1,061,144

$61,144 on top of the price (6.1% 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 South's advertised median rent — not a rent for this listing.

Net yield
1.67%
Annual cashflow (pre-tax)
$-35,332
Interest cover (DSCR)
0.32
Annual rent
$31,668
Operating expenses
$15,000
Loan amount
$800,000
Annual interest
$52,000
Gross yield
3.17%

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$1,000,000–$1,100,000available13 Aug 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 $609/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

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 3.2%. 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 South in one glance

Narre Warren South at a glance

31,417

People

$866,500

Median sale

$609/wk

Median rent

3.65%

Suburb gross yield

Median sale from 66 recorded sales (last 12 months) — a Districts calculation.

See the full Narre Warren South report →

Keep researching

  • Why Narre Warren South? Read the area thesis →
  • What else is on the market in Narre Warren South →
  • Other records on Cypress Hill Dr →

Listing material

Listed by Keen Real Estate

Storybook Charm, Spacious Family Living & Exceptional Entertaining

Tucked away in the highly sought-after Cypress Hills Estate is a home that feels wonderfully different from the moment you arrive. With its distinctive two-storey storybook character, timeless appeal and beautifully established surroundings, this is a home that combines warmth and personality with an impressive amount of space for the modern family.

Set behind a charming façade, the home welcomes you with a spacious formal living room centred around a gas fireplace, creating an inviting retreat for cosy evenings and relaxed entertaining. The master bedroom is privately positioned downstairs and features its own ensuite and walk-in robe, while an adjoining open library or home office provides a versatile space for working from home, reading or simply enjoying some quiet time.

At the heart of the home, the country-inspired kitchen is as charming as it is practical, featuring beautifully detailed decorative cabinetry, gas cooking and a dishwasher. It overlooks the generous open-plan dining and living zone, creating a wonderful everyday gathering space for the whole family.

Read the full description

However, it is the exceptional outdoor entertaining that truly sets this home apart. Bi-fold doors seamlessly connect the living area to a fully enclosed, decked alfresco where entertaining can continue throughout the seasons. Complete with a wood-fired heater and dedicated bar, this is the kind of space designed for long lunches, winter gatherings and evenings spent with family and friends.

Quality floating floorboards and carpet feature throughout, complemented by curtains and sheer window furnishings, while year-round comfort is assured with ducted heating, evaporative cooling and additional split-system cooling.

A dedicated media room, currently configured as a home theatre, provides yet another living zone, while the laundry opens to a covered outdoor area currently utilised as a home gym. This versatile space could equally become a private courtyard, additional entertaining area or quiet outdoor retreat.

Upstairs, three further bedrooms are accompanied by the main bathroom and separate toilet, while a charming landing area provides another flexible space that could be used as a small sitting area, study nook or library.

Outside, the low-maintenance backyard delivers a lovely balance of established greenery and usable space, with a lush lawn area and two garden sheds providing excellent storage.

Vehicle accommodation is equally impressive, with a double garage complemented by a single carport, providing secure parking for the family while also offering additional space for a trailer, boat or recreational vehicle.

Positioned within one of Narre Warren South's established and family-friendly pockets, the location is exceptionally convenient. You'll be close to Hillsmeade Primary School, Narre Warren South P-12 College, Heritage College and Trinity Catholic Primary School, with a range of childcare and early-learning facilities also nearby. Everyday shopping is easily taken care of at Amberly Park Shopping Centre and Casey Central, while major retail, dining and entertainment are only a short drive away at Westfield Fountain Gate.

With parks, reserves, sporting facilities, restaurants, cafes and public transport all within easy reach, and convenient access to Narre Warren's major road links and the Monash Freeway, this is a location that makes family life remarkably easy.

Full of character, wonderfully spacious and offering an entertainer's dream outdoor setting, here lies an opportunity to secure a home with genuine personality in a tightly held pocket of Narre Warren South.

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

Property features

  • Air Conditioning
  • Built-in Robes
  • Deck
  • Dishwasher
  • Ducted Heating
  • Ensuites: 1
  • Floorboards
  • Outdoor Entertaining
  • Remote Garage
  • Rumpus Room
  • Shed
  • Toilets: 3

Also look at

Also for sale in Narre Warren South

  • 2 Terrace Gardens, Narre Warren South VIC 3805

    4-bed house for sale. Asking $900K–$990K.

    For sale
  • 36 Terrapin Dr, Narre Warren South VIC 3805

    4-bed house for sale. Asking $700K–$770K.

    For sale
  • 101 Robinswood Pde, Narre Warren South VIC 3805

    4-bed house for sale. Asking $890K–$950K.

    For sale
  • 75 Beauford Ave, Narre Warren South VIC 3805

    4-bed house for sale. Asking $780K–$850K.

    For sale
Districts

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

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

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