25 Penrose PromenadeTarneit VIC 3029
Property Details for 25 Penrose Prom, Tarneit
25 Penrose Prom, Tarneit is a 3 bedroom, 3 bathroom Townhouse with 2 parking spaces. The property has a land size of 1014m2. While the property is not currently for sale or for rent, it was last sold in November 2019.
Last Listing description (August 2023)
With plans and permits for a new child care center, this amazing and rare opportunity has become available for one lucky new owner. Situated on a large corner block of over 1041sqm (approx) and positioned within the booming and ever growing suburb of Tarneit, this is an opportunity not to be missed!
Key features include;
-Premium land holding of 1041sqm
-Exposure to both Penrose Promenade and Millendon Boulevard with 20+ meter frontage.
-Blue-chip location within one of Victoria's fastest growing suburbs.
-Opportunity to capitalize on Tarneits increasing demand for childcare
This is an incredibly rare opportunity to purchase a permit approved development site, ideally positioned amongst quality homes and in close proximity to shops, medical centers, schools, and main roads.
Property History for 25 Penrose Prom, Tarneit, VIC 3029
- 22 Aug 2023Listed for Sale Not Disclosed
- 14 Nov 2019Sold for $735,000
- 03 Jul 2018Listed for Sale $775,000 - $800,000
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0About Tarneit 3029
The size of Tarneit is approximately 38.2 square kilometres. It has 50 parks covering nearly 3.6% of total area. The population of Tarneit in 2011 was 21,690 people. By 2016 the population was 34,562 showing a population growth of 59.3% in the area during that time. The predominant age group in Tarneit is 30-39 years. Households in Tarneit are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tarneit work in a professional occupation. In 2011, 69.4% of the homes in Tarneit were owner-occupied compared with 67.7% in 2016.
Tarneit has 33,710 properties. Over the last 5 years, Houses in Tarneit have seen a 22.39% increase in median value, while Units have seen a 20.31% increase. As at 31 October 2024:
- The median value for Houses in Tarneit is $685,452 while the median value for Units is $488,540.
- Houses have a median rent of $540 while Units have a median rent of $470.
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