Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

10 Springwood Avenue, Narre Warren VIC 3805

$880,000-$950,000-Private Sale

Search Band Search Visibility Band

$880k - $924k Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 2 Baths 4 Cars 730 m²

Listed: yesterday

Overview

Situated on a substantial and flat 730sqm parcel of land within a sought-after High-Density Development Zone (ACZ), this property stands out for its exceptional flexibility and income potential. The setup offers a rare dual-income opportunity featuring a well-maintained three-bedroom main residence alongside a fully detached, private one-bedroom self-contained unit. Each dwelling has independent amenities, including separate water and electricity meters, ensuring clear cost division and tenant autonomy.

For families or multi-generational living, the two dwellings can be seamlessly combined into a spacious four-bedroom, two-bathroom home complete with a double carport. This versatility makes it well-suited to large families needing space for teenagers or home-business operators requiring distinct areas.

Location-wise, the property is enviably positioned just a short stroll from Westfield Fountain Gate, one of Australia's largest retail and dining precincts. Commuters will appreciate proximity to Narre Warren Train Station, offering convenient access to the Melbourne CBD, as well as immediate entry to the Monash Freeway (M1). Educational facilities like Fountain Gate Primary School and Fountain Gate Secondary College are also within walking distance.

The lifestyle amenities nearby, including the Bunjil Place Cultural Hub, library, parks, and sporting ovals, provide varied recreation options. Added to this is the property's strong development appeal, backed by established precedents for multi-unit subdivision or redevelopment potential subject to council approval, granting long-term prospects for investors or developers.

Overall, this property presents a compelling proposition whether for investors seeking reliable rental income, families requiring adaptable living spaces, or developers targeting strategic growth in a high-demand locality.

Local Market Insights

In Narre Warren, Quiet Listings observed 59 new houses entering the market over the last 30 days, up from 51 during the previous 30-day period, with an average advertised asking price of $837,019. The property type mix of listed properties is predominantly Houses at 86%, followed by units (7%), and townhouses (4%). The most active agency for houses in the Narre Warren area is currently Harcourts, representing 14% of new listings, followed by Ray White with 14%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.