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.
VIC › Narre Warren South › Wellspring Way
$982,000
Last sold
19 Sept 2022
5
Bedrooms
2
Bathrooms
2
Car spaces
512 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Last sold
$982,000
19 Sept 2022 · derived via latest_sale
Local land rate: recorded House sales in Narre Warren South (last 5 years) with land size have a median of $1,409/m² of land (n=71). Districts calculation from recorded sales — not a valuation.
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.
Vs Narre Warren South
+13.3%
Median sale
Suburb $866,500
-0.43 pp
Gross yield
Suburb 3.65%
Suburb median $866,500 from 66 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning 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.
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
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.
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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
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.”
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
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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
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.
Listing material
Listed by OBrien Real Estate Narre WarrenThis beautifully presented home situated on a 512sqm block has everything to offer and more!
Some notable features include:
- Five bedrooms all equipped with built in robes
- Master bedroom featuring two walk-in robes and a full ensuite with a double vanity, with the main bathroom servicing the remaining bedrooms
- Two separate living areas; front living and a spacious family area
- Open plan living and dining area
- Modern kitchen furnished with stainless steel appliances, stone bench-tops, tiled-splashback, walk-in pantry with ample amount of storage
- LED lighting fitted throughout the home
- Ducted heating and refrigerated cooling
The second and third bedrooms have shared access, presenting the opportunity of an additional 'master-sized' room, or leaving it as is and enjoying the luxury of a fifth bedroom.
The open plan living, and dining area come equipped with a gas fireplace which conveniently leads you out to a cosy alfresco area with a remote ceiling fan, via three panel stacker glass doors.
Full side-access is provided, starting from the fully concreted driveway which accommodates four cars or two cars and a boat/caravan, leading all the way through to the cosy alfresco area.
Established in the heart of the Springlands Estate, this home boasts the convenience of access to public transport with a plethora of bus stops near the vicinity and Berwick station situated only ten-minutes away, with a huge option of fantastic primary and secondary schools in arms-reach.
All your shopping needs will be met with The Eve Shopping Complex only a three-minute drive away, Casey Central and Eden Rise Shopping Centres within a seven-minute drive, and your furthest option out of the three being Fountain Gate Shopping Centre, only a measly ten-minute drive!
For any questions or queries or to book an inspection, please call Victor on 0412 437 064 or Michael on 0405 803 385!
Listing description written by Victor Villella, OBrien Real Estate Narre Warren — reproduced as published, not verified by Districts.
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