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 › Springwood Ave
$1,000,000
For sale
Asking
3
Bedrooms
1
Bathrooms
1
Car spaces
729 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
$1,000,000
Asking · $1,372/m² of land
No recorded sale for this property.
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
+25.5%
Median sale
Suburb $796,500
-0.76 pp
Gross yield
Suburb 3.71%
Suburb median $796,500 from 26 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$61,144 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.
Gross yield if leased at the suburb aggregate is 3.0%. 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
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 AgentsLocated at 7 Springwood Avenue, Narre Warren, this prime corner block offers an unparalleled development opportunity in one of Melbourne’s most sought-after business precincts. With excellent visibility and easy access to major hubs like Westfield Fountain Gate and Bunjil Place, this property is perfectly situated for maximum exposure and growth.
Approved Development Plans:
This expansive site comes with approved plans and permits for a 5-level development, combining a Medicare Centre and luxury apartments. The strategic design maximizes both commercial and residential potential, making it an ideal investment in a rapidly developing area.
Ground Level:
The ground floor features ample parking spaces for apartment residents, as well as for doctors and nurses working at the Medicare Centre. Dedicated storage is available for each apartment, providing convenience for residents. The Medicare Centre will offer essential healthcare services to the local community with easy access for patients. The ground level is also equipped with a lift, ensuring seamless access to all floors for both residents and visitors.
Level 1:
This level includes two fully equipped consultant rooms, a small reception area, and a waiting room, providing a professional setting for healthcare services. Eight dedicated carparks are allocated for patient use, ensuring ease of access to the Medicare Centre.
Level 2:
Level two is designed for medical and administrative use, featuring four consultant rooms, one treatment room, one staff room, one meeting room, one nurse’s room, and a spacious main reception with a waiting area. This level is ideal for healthcare professionals and administrative staff, providing a comprehensive and functional medical facility.
Levels 3 & 4 (Apartments):
The top two levels offer modern 3-bedroom apartments, each with two bathrooms and private balconies. These spacious residences are designed with both comfort and luxury in mind, catering to the growing demand for high-quality living spaces in the area.
Key Features:
- Prime corner location with high visibility and accessibility
- Approved plans and permits for a 5-level development
- Ground level with parking for residents, doctors, and nurses, plus Medicare Centre and lift access
- Medical facilities on levels 1 & 2, including consultation rooms, treatment areas, and staff rooms
- Two levels of modern 3-bedroom apartments with balconies
- Close proximity to major amenities, including Westfield Fountain Gate and Bunjil Place
Current Property:
The property currently features a 3-bedroom original house that is tenanted at $2,173 per month, with the lease in place until November 2025. This provides an immediate income stream while you prepare for the development project.
This is a rare opportunity to secure a strategic development site in one of Melbourne's fastest-growing regions. Whether you are looking to build a state-of-the-art healthcare centre or capitalize on the demand for premium residential apartments, 7 Springwood Avenue offers limitless potential. Don’t miss out on this exceptional investment.
Only One Thing Left To Do...
Listing description written by Khalid Sarwari, Only Estate Agents — reproduced as published, not verified by Districts.