SOLD
Sold on 16 Sep 2024 for $500,000

4 Maughan Way
Cranbourne West VIC 3977

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 600m2
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Property Details for 4 Maughan Way, Cranbourne West

Building Type
Land
Land Size
600m2
Local Government
Casey
Lot/Plan
85/PS742537

Last Listing description (November 2021)

Goldbank Real Estate Group is pleased to offer this rare development opportunity. Strategically located nearby Cranbourne West Business Park, this site offers strong connectivity to the rapidly expanding Cranbourne industrial precinct.

Positioned arguably within one of Melbourne's fastest-growing commercial/residential corridors this land site of 600 sqm* lends itself to many types of business users (STCA).


Site Features Include:

- Total land size 600 sqm*
- Apart of developing Cranbourne West urban growth zone
- Short drive to many major arterial roads
- All major amenities within the local precinct
- Within Cranbourne West structure plan

Property History for 4 Maughan Way, Cranbourne West, VIC 3977

A timeline of how this property has performed in the market
Last Sold
$500,000
16 Sep 2024
  • 16 Sep 2024
    Sold for $500,000
  • 02 Mar 2023
    Sold for $616,000
  • 24 Jan 2023
    Listed for Sale Contact Agent
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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 8,962 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 57 properties listed for sale, and 20 properties listed for rent in Cranbourne west on OnTheHouse. According to CoreLogic's data, 381 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.