SOLD
Sold on 01 Jul 2024 for $649,000

18 Trade Way
Cranbourne West VIC 3977

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 500m2
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Property Details for 18 Trade Way, Cranbourne West

Building Type
Land
Land Size
500m2
Local Government
Casey
Lot/Plan
2/PS805980

Last Listing description (June 2021)

Introducing Cranbourne Business Estate, this is your opportunity to get in on the ground level of the exponentially growing suburb of Cranbourne West. Connected by fantastic amenities, Cranbourne Business Estate is a stone's throw from South Gippsland & Western Port Highway and offers easy access to major South Eastern hubs. Ideal for a large range of operators, join a diverse community and grow your business in one of the South East's booming precincts.

Cranbourne Business Estate Features:

- 500sqm - titled block, ready to go

- Secure an investment in one of the fastest growing municipalities in Australia
- Perfectly suited to owner occupiers wanting to own their own premises
- High demand area, with existing tenancy demand for investors
- Close proximity to established residential, work near home
- 13km?s from Dandenong, 13km?s from Berwick & 47km?s from CBD
- Excellent access to major road networks including Thompsons Road, South Gippsland Highway, Western Port Highway and Eastlink

Property History for 18 Trade Way, Cranbourne West, VIC 3977

A timeline of how this property has performed in the market
Last Sold
$649,000
01 Jul 2024
  • 01 Jul 2024
    Sold for $649,000
  • 14 Aug 2019
    Listed for Sale Contact Agent
  • 29 Aug 2018
    Sold for $209,000

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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 8,961 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, 385 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.