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VIC › Narre Warren South › Oakgrove Dr

5 Oakgrove Dr, Narre Warren South VIC 3805

For saleHouse for Sale

$790,000–$8,690,002

For sale

Asking range

4

Bedrooms

2

Bathrooms

2

Car spaces

630 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $790,000–$8,690,002 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $790,000–$8,690,002(Listing record · 19 Mar 2026)
  • FactLand 630 m²; no building size recorded.(Property record)
  • CalculationAsk is 9% below 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 4.01% — 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

$790,000–$8,690,002

Asking range · $1,254/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

-8.8%

Median sale

Suburb $866,500

+0.36 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
$790,000
Stamp Duty (Victoria)
$42,470
Transfer/Registration Fee
$1,953
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
$838,123

$48,123 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
2.51%
Annual cashflow (pre-tax)
$-21,262
Interest cover (DSCR)
0.48
Annual rent
$31,668
Operating expenses
$11,850
Loan amount
$632,000
Annual interest
$41,080
Gross yield
4.01%

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$790,000–$8,690,002available19 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 $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 4.0%. 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 Oakgrove Dr →

Listing material

Listed by Tullum Real Estate

Spacious Family Living on a Generous 630sqm (Approx.) Block in a Prime Location!

5 Oakgrove Drive Narre Warren South VIC 3805

Set on an impressive allotment of approximately 630sqm, this beautifully presented home delivers the perfect combination of space, style, and comfort-ideal for growing families seeking room to move and enjoy.

Boasting four generous bedrooms, the home is thoughtfully designed for relaxed family living. The master suite offers a private retreat complete with a walk-in robe and ensuite, while the remaining bedrooms are well-sized and serviced by a central bathroom.

Read the full description

Designed with versatility in mind, the home features two expansive living areas, giving families the freedom to unwind, entertain, or create separate zones for kids and adults alike. At the heart of the home, the well-appointed kitchen overlooks the dining and living spaces, ensuring seamless connection and effortless entertaining.

Step outside and be impressed by the expansive backyard-perfect for children, pets, or those looking to add their own personal touch with outdoor entertaining or future improvements.

Additional highlights include a double car garage, ample storage, and a functional floorplan tailored to modern family needs.

Enjoy the convenience of being just moments from quality local schools, making the school run effortless, as well as nearby shopping options including the popular Casey Central Shopping Centre and other major amenities. With parklands and public transport also within easy reach, this location offers an exceptional lifestyle for families.

Key Features:

- 4 generous bedrooms, 2 bathrooms and 2 Separate living areas

- Extended Double lock-up garage

- Master Bedroom with Walk in robe and full ensuite

- Lounge/Living area at the front for quiet family time

- Remaining bedrooms come with built in robes

- Open Plan kitchen with quality appliances and spacious pantry

- Dining and family area

- Excellent storage throughout

- Functional, family-friendly floor plan

- Split System and evaporative Cooling

- Ducted Heating

- Ceiling fans

- Pergola area and spacious backyard for outdoor entertainment

Within a short distance to:

- Casey Central

- Amberly Park Shopping Centre

- Westfield Fountain gate

- Coles

- Banjo Paterson Park

- Wetlands and Nature reserve

- Waverly Christian College

- Trinity Catholic Primary School

- Narre Warren South P-12 College

- Strathaird Primary School

- Hillsmeade Primary School

With easy access to the Monash Freeway and well-connected public transport options nearby, commuting to the city or surrounding suburbs is simple and stress-free.

A perfect choice for first-home buyers, downsizers, or savvy investors looking to secure a quality property in a growing and well-connected neighbourhood, this home delivers on both lifestyle and financial potential.

Contact TULLUM REAL ESTATE to arrange your inspection or get more information!

Disclaimer:

Every precaution has been taken to establish the accuracy of the above information, however, it does not constitute any representation by the vendor, agent or agency.

Our photos, floor plans and site plans are for representational purposes only. We accept no liability for the accuracy or details in our photos, floor plans or site plans.

Please note the status of and or the information on the property may change at any time.

PHOTO ID REQUIRED AT OPEN FOR INSPECTION

Please see the below link for an up-to-date copy of the Due Diligence Check List: http://www.consumer.vic.gov.au/duediligencechecklist

Move in, relax, and enjoy the lifestyle you've been searching for.

Listing description written by Barinder Singh, Tullum Real Estate — reproduced as published, not verified by Districts.

Property features

  • Ensuites: 1

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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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