SOLD
Sold on 15 Jul 2024 for $640,000

7/1050 Thompsons Road
Cranbourne West VIC 3977

Bedrooms: 1
Bathrooms: -
Car spaces: 2
Land area: 188m2
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Property Details for 7/1050 Thompsons Rd, Cranbourne West

Building Type
Commercial
Land Size
188m2
Local Government
Casey
Lot/Plan
7/PS818622

Last Listing description (January 2023)

This neat investment located in popular Thompsons Rd business estate is yours for the taking.

With a secure rental return plus outgoings and a fantastic tenant, veterinary practice, this is the perfect business venture for the astute investor.


Perfectly positioned minutes from South Gippsland Hwy and Western Port Hwy, new development, clear span warehouse 6m, roller door, offices, A/C and kitchen and bathroom amenities.

Unit 7:
Warehouse 162 sqm
2 carparks
$24,900 rental return PA

Exclusively offered by GA Industrial & Commercial.

Property History for 7/1050 Thompsons Rd, Cranbourne West, VIC 3977

A timeline of how this property has performed in the market
Last Sold
$640,000
15 Jul 2024
  • 15 Jul 2024
    Sold for $640,000
  • 22 Dec 2022
    Sold for $570,000
  • 28 Oct 2022
    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 9,018 properties. Over the last 5 years, Houses in Cranbourne West have seen a 31.78% increase in median value, while Units have seen a 23.58% increase. As at 31 January 2025:

  • The median value for Houses in Cranbourne West is $719,634 while the median value for Units is $533,271.
  • Houses have a median rent of $570 while Units have a median rent of $530.
There are currently 59 properties listed for sale, and 19 properties listed for rent in Cranbourne west on OnTheHouse. According to CoreLogic's data, 397 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.