SOLD
Sold on 16 Nov 2023 for $530,000

1/1-3 Universal Way
Cranbourne West VIC 3977

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 97m2
Land area: 3266m2
Sold By
Rick Lauretta
Finning First National
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Property Details for 1/1-3 Universal Way, Cranbourne West

Building Type
Commercial
Floor Size
97m2
Land Size
3266m2
Local Government
Casey
Lot/Plan
1/PS735055

Last Listing description (February 2024)

Shop 1 / 1-3 Universal Way Cranbourne West
First time offered for sale excellent corner position with high exposure.
Building area 54 m2( approx.)

Takeaway Food outlet
New 3 Year Lease commencing June 2023
Commercial 1 Zone
Rent: $32,781 pa plus GST and all usual outgoings
Ample customer car parking
Neighbouring tenants 7/Eleven/Childcare Centre /Pharmacy, Taco Bill, Indian takeaway, Pizza, F45Gym
Surrounded by a large residential and Commercial catchment are with further future estates to be developed nearby

Contact Rick Lauretta 0418 800 913 for further information

Property History for 1/1-3 Universal Way, Cranbourne West, VIC 3977

A timeline of how this property has performed in the market
Last Sold
$530,000
16 Nov 2023
Listed for Rent
$6.90k/w
10 Jun 2020
  • 16 Nov 2023
    Sold for $530,000
  • 03 Oct 2023
    Listed for Sale $550,000-$580,000
  • 09 Oct 2021
    Listed for Sale $629,000
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About Cranbourne West 3977

The size of Cranbourne West is approximately 11.8 square kilometres. It has 23 parks covering nearly 10.1% of total area. The population of Cranbourne West in 2011 was 8,743 people. By 2016 the population was 15,046 showing a population growth of 72.1% in the area during that time. The predominant age group in Cranbourne West is 30-39 years. Households in Cranbourne West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cranbourne West work in a trades occupation. In 2011, 72.3% of the homes in Cranbourne West were owner-occupied compared with 76% in 2016.

Cranbourne West has 8,965 properties. Over the last 5 years, Houses in Cranbourne West have seen a 37.32% increase in median value, while Units have seen a 39.26% increase. As at 30 September 2024:

  • The median value for Houses in Cranbourne West is $720,174 while the median value for Units is $564,171.
  • Houses have a median rent of $565 while Units have a median rent of $540.
There are currently 52 properties listed for sale, and 19 properties listed for rent in Cranbourne west on OnTheHouse. According to CoreLogic's data, 386 properties were sold in the past 12 months in Cranbourne west.

Suburb Insights for Cranbourne West 3977

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.