5 Penndale StreetTarneit VIC 3029
Property Details for 5 Penndale St, Tarneit
5 Penndale St, Tarneit is a 3 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 312m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 3 bedroom House sold in Tarneit in the last 12 months.
Last Listing description (September 2024)
Investors Note
Invest in this high-demand SDA location and achieve more with up to 20% gross yield and TPI of $193k.
SDA providers are calling out for more new homes in prime locations.
What is SDA?
Specialist Disability Housing is housing that has been specially designed to suit the needs of people with a disability who have an 'extreme functional impairment' or 'very high support needs'. The specialised features of an SDA property are intended to support the resident(s) to live as independently as possible and in so doing reduce their lifetime support costs.
Specialist Disability Housing offers investors a very high yielding asset. For more information get in contact with us today.
Land Tax Exception
SDA Investment properties in VIC now enjoy Land tax exceptions! Speak to a Meridien Group team member for further details and how this might benefit you.
Location
Tarneit, a gem in Melbourne's CBD vicinity, is known for its beautiful landscapes, a blend of modern and spacious properties, and excellent amenities. This suburb is perfect for those who appreciate the tranquillity of the suburbs with easy access to the city life.
Located in the western suburbs, Tarneit has experienced rapid growth and transformation over the past decade. With its strategic location near public transportation and numerous amenities, it is poised to continue thriving and is anticipated to be one of the fastest-growing areas in the Greater Melbourne region in the coming years.
Accessibility to Melbourne's CBD and surrounding local area makes Solara Rise a standout choice for an SDA home. Solara Rise offers the perfect combination of comfort, convenience, and a sought-after lifestyle, with easy access to medical facilities, transport, employment, education, and retail precincts.
What's Nearby
- 3.8 km from Kingswim Swimming Pool
- 4.6 km from Valetta Street Medical Centre
- 5.5 km from Coles Clyde North
- 5.7 km from Shopping on Clyde
- 5.8 km from Casey Medical Centre
- 6.6 km from Selandra Rise Shops
- 6.7 km from Clyde North Medical Centre
- 8 km from Cranbourne Indoor Swimming
- 14.3 km from Monash Health - Casey Hospital
- 14.5 km from St John of God Berwick Hospital
- 55 km from Melbourne CBD
About the Property
- House and land package | 2-part land and build contracts
- Land area | 312sqm
- Build area | 179sqm
- Due to Title Feb 2025
- High Physical Support SDA | 3.3.2.2 | 2P + OOA
- Full turnkey
- Fast build times
- Total support throughout the build and tenanting process!
Demand
The data confirms what the SDA providers are telling us. They need more new SDA homes in Melbourne.
Participants with SDA funding in use: 122
Participants with SDA funding, SDA not in use: 55
Participants with SDA funding: 177
Additional Participants eligible for SDA: 18
Total Participants with SDA funding or a SDA need: 195
The Key Numbers
As of July 2024, the SDA pricing was increased, this includes High Physical Support, Improved Liveability, Fully Accessible, and Robust. For an in-depth explanation of the new pricing, talk to our sales team.
High Physical Support
SDA Income - $85,746 per participant
MRRC - $12,058 per participant
Location Factor - 0.97
Potential Total Income | $195,608
Potential Yield - 20%
Improved Liveability
SDA Income - $71,344 per participant
MRRC - $12,058 per participant
Location Factor - 0.97
Potential Total Income | $166,804
Potential Yield - 17.1%
*Please note that these numbers are based on 2 participants only. Pricing is current as at July 2024 and is as per published SDA schedules.
Ready to get started?
- Reserve this property with a $5,000 Expression of Interest
Make your move soon though as this is going to sell quickly.
Disclaimer
We have in preparing this information used our best endeavours to ensure the information provided is true and accurate. The images and renders provided in this listing by the builder are for illustrative purposes only. They may contain fixtures, furniture or finishing not available for this design. Clients need to refer to the building contract for specific details on specifications and inclusions specific to any property. Specifications and inclusions are subject to change over time. Meridien Group does not accept any responsibility for variations to specifications ad inclusions made by the builder. Financial information is an estimate only and is not warranted or guaranteed. Refer to investment reports for specific details.
Property History for 5 Penndale St, Tarneit, VIC 3029
- 19 Mar 2026Sold for $375,000
- 22 Aug 2024Listed for Sale NDIS | $937K
Recent sales nearby
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0About Tarneit 3029
The size of Tarneit is approximately 38.2 square kilometres. There are 50 parks, covering nearly 3.6% of the total area. The population of Tarneit in 2016 was 34562 people. By 2021 the population was 56370 showing a population growth of 63.1% 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 2021, 66.60% of the homes in Tarneit were owner-occupied compared with 67.70% in 2016.
Tarneit has 36,726 properties. Over the last 5 years, Houses in Tarneit have seen a 15.87% increase in median value, while Units have seen a 18.38% increase. As at 31 May 2026:
- The median value for Houses in Tarneit is $710,034 while the median value for Units is $537,430.
- Houses have a median rent of $530 while Units have a median rent of $465.
Suburb Insights for Tarneit 3029
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