Back 28 Sweeney Drive
Off Market

28 Sweeney Drive

Narre Warren VIC 3805

4
1
2
811 m²
House
Last sold for $850,000
Simon ChangSimon Chang, last sold this property on 17 September 2025 after 69 days on market.

Overview

Licensed Rooming House with High Yield and Development Potential

28 Sweeney Drive presents a rare opportunity to acquire a high-yielding asset in a sought-after location. The combination of a licensed rooming house, strong rental returns, and sustainable features makes it an ideal addition to any investment portfolio. Land Size: 811 sqm (approx.) Zoning: RESIDENTIAL GROWTH ZONE - SCHEDULE 2 (RGZ2 ) Key Features: Licensed Rooming House: Currently operating under a valid rooming house license, offering a unique investment opportunity. High Rental Yield: Fully occupied, the property generates up to $910 per week, making it an attractive option for investors. Multiple Occupancies: Comprises 4 bedrooms, each with separate electricity meters, catering to individual tenants. Sustainable Energy: Equipped with extensive solar panels, promoting energy efficiency and reducing utility costs. Tax Incentives: Eligible for land tax exemptions, enhancing the property's financial appeal. Strategic Location: Situated within walking distance to Narre Warren Train Station and Westfield Fountain Gate Shopping Centre, ensuring convenience for residents. Development Potential: Located in a zone conducive to long-term investment and potential future development(STCA).

Features

4 bedrooms
1 bathroom
2 carspaces
2 open car spaces
811 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Narre Warren over the last 12 months, the estimated median property value of 28 Sweeney Drive is $883k.

Median value
$883k
Estimated value range
$695k - $1.5m
Median days on market
24
Estimated value trend
6%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Narre Warren. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 28 Sweeney Drive

2025
Sold
$850,000
17 Sep 2025 by Simon Chang, of Your Expert Real Estate
2020
Rented
Undisclosed
Leased on 03 Mar 2020 by Fletchers Narre Warren
2019
Rented
Undisclosed
Leased on 26 Feb 2019 by Fletchers Narre Warren

Happy sellers in Narre Warren

91%
91% of sellers in Narre Warren reported that their sale price either exceeded or met their price expectations.

Narre Warren stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 50 reviews in Narre Warren over the last 12 months.

Local market activity for 4 bedroom houses in Narre Warren

In the last 12 months, 137 four-bedroom houses similar to 28 Sweeney Drive, have been sold.

This represents a 2% increase in four-bedroom houses sales when compared to the previous 12 months.

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