Narre Warren at a glance
28,665
People
$796,500
Median sale
$568/wk
Median rent
3.71%
Suburb gross yield
Median sale from 26 recorded sales (last 12 months) — a Districts calculation.
VIC › Narre Warren › Highrise Ct
$720,000
For sale
$720,000
Last sold
26 Oct 2021
3
Bedrooms
2
Bathrooms
2
Car spaces
757 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
Asking
$720,000
26 Oct 2021 · derived via latest_sale
Local land rate: recorded House sales in Narre Warren (last 5 years) with land size have a median of $1,193/m² of land (n=47). Districts calculation from recorded sales — not a valuation.
Narre Warren at a glance
28,665
People
$796,500
Median sale
$568/wk
Median rent
3.71%
Suburb gross yield
Median sale from 26 recorded sales (last 12 months) — a Districts calculation.
Vs Narre Warren
-9.6%
Median sale
Suburb $796,500
+0.39 pp
Gross yield
Suburb 3.71%
Suburb median $796,500 from 26 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$43,759 on top of the price (6.1% extra)
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.
Pre-filled with Narre Warren's advertised median rent — not a rent for this listing.
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.
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 $568/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 at a glance
28,665
People
$796,500
Median sale
$568/wk
Median rent
3.71%
Suburb gross yield
Median sale from 26 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Only Estate AgentsUnlock the full potential of this extraordinary piece of real estate, situated on a highly desirable street in Narre Warren, within the sought-after Fountain Gate precinct.
This unique property presents an incredible opportunity for a homeowner or investor to take on the final construction stage of a custom-designed, two-storey, five-bedroom residence. A thorough inspection of all completed works has already been conducted, and a comprehensive report is available for prospective buyers. This report will assist purchasers in familiarising themselves with the build quality, understanding the standard of finishes, and determining the financial commitment required to finalise construction with a newly appointed builder—whether for personal occupancy or resale potential.
The thoughtfully designed home sits on a generous 757sqm block in an elevated position, offering picturesque district views and refreshing breezes. Featuring a substantial frontage and a horseshoe driveway, the property is set in an area that has undergone significant gentrification over the past decade. Many original homes in the vicinity have been transformed into modern designer residences, demonstrating the incredible potential for future capital growth. This is truly a fantastic place to call home.
Property Features & Floorplan Potential
This expansive home has been designed to provide both comfort and functionality. Its features include:
• Generous frontage with a horseshoe driveway and a welcoming porch entry
• Double garage with internal entry and external backyard access
• A wide hallway with soaring 2.7m ceilings, leading to a private formal lounge
• A lower-level guest bedroom or master suite, complete with a walk-in robe
• A spacious open-plan living area, seamlessly integrating the dining and family room, designed for everyday comfort and natural brightness
• A contemporary kitchen with an adjoining butler’s pantry and direct access to a large covered alfresco area—perfect for entertaining
• A family-sized laundry with outdoor access, conveniently positioned on the same level as a powder room
Upper Level Features:
• A grand master suite featuring a private rear terrace, built-in storage, a walk-in robe, and a luxurious ensuite with a double vanity
• A spacious rumpus room that opens to a balcony, providing the perfect space for relaxation
• A second master suite, also with a walk-in robe and an ensuite featuring a double vanity
• Two additional generously sized bedrooms, both with built-in robes
• A third shared bathroom and separate toilet for added convenience
Additional Premium Inclusions:
• 1.2m-wide Victorian Ashwood staircase
• Three living areas plus a covered alfresco space
• Electric heating and refrigerated cooling system for year-round comfort
• Solar panels with a 13.3KW inverter, enhancing energy efficiency
• High ceilings throughout the entire home, adding to the spacious feel
• Powder-coated double-glazed window frames with argon gas for superior insulation
• Flyscreens on all windows and security doors for added safety
• Two walk-in linen cupboards and additional storage space under the staircase
• Built-in vacuum system for effortless cleaning
Prime Location & Nearby Amenities
This home is ideally positioned within close proximity to key amenities, ensuring convenience for residents.
Transport:
• 20m to the nearest bus stop
• 5-minute drive to Narre Warren Train Station
Shopping & Retail:
• 1km to Westfield Fountain Gate Shopping Centre
• 1.5km to Bunnings Warehouse
• 2km to BMW and Mercedes-Benz dealerships
• 4.5km to Berwick Botanic Gardens
Education:
• 2km to Fountain Gate Secondary College and Primary School
Leisure & Recreation:
• 1km to Casey ARC (Aquatic & Recreation Centre)
Enquire Today – A Rare Opportunity in One of Melbourne’s Property Hotspots!
This is an exceptional opportunity to secure a high-potential property in one of Melbourne’s fastest-growing areas. Whether you’re looking to complete your dream home or make a strategic investment, this property is not to be missed.
Subject to reserve price.
Important Inspection Requirements:
As this property is still under construction, specific safety measures must be followed:
• NO CHILDREN are permitted on-site for safety reasons.
• COVERED FOOTWEAR must be worn at all times while on the property.
Don't miss out on this rare opportunity—make your enquiry today!
Listing description written by Anita Badri, Only Estate Agents — reproduced as published, not verified by Districts.