SOLD
Sold on 14 Feb 2024 for $1,787,500

1 Industrial Circuit
Cranbourne West VIC 3977

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1630m2
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Property Details for 1 Industrial Cct, Cranbourne West

Building Type
Commercial
Land Size
1630m2
Local Government
Casey
Lot/Plan
9/PS735742

Last Listing description (December 2019)

Now available for purchase is this prime corner allotment, complete with plans to construct three (3) warehouses ranging from 253m2-297m2.

- Zoned Urban Growth (Commercial 2) with potential uses including but not limited to corporate offices, trade, office/warehouses or recreational facilities

- Located opposite Marriott Waters Estate Shopping Centre servicing the well-developed Marriott Waters Residential Estate
- Short distance to Merinda Park train station
- Controlled intersection to Thompsons Road

Property History for 1 Industrial Cct, Cranbourne West, VIC 3977

A timeline of how this property has performed in the market
Last Sold
$1,787,500
14 Feb 2024
Listed for Rent
08 Nov 2021
  • 14 Feb 2024
    Sold for $1,787,500
  • 26 Nov 2019
    Sold for $600,000
  • 04 Sep 2019
    Listed for Rent $26,752 / year
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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 8,960 properties. Over the last 5 years, Houses in Cranbourne West have seen a 35.27% increase in median value, while Units have seen a 31.46% increase. As at 31 October 2024:

  • The median value for Houses in Cranbourne West is $724,209 while the median value for Units is $548,825.
  • Houses have a median rent of $570 while Units have a median rent of $540.
There are currently 56 properties listed for sale, and 20 properties listed for rent in Cranbourne west on OnTheHouse. According to CoreLogic's data, 379 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.