SOLD
Sold on 24 Apr 2024 for $2,998,000

18 Commercial Drive
Lynbrook VIC 3975

Bedrooms: -
Bathrooms: -
Car spaces: 40
Floor area: 1383m2
Land area: 2000m2
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Property Details for 18 Commercial Dr, Lynbrook

Building Type
Commercial
Floor Size
1383m2
Land Size
2000m2
Local Government
Casey
Lot/Plan
106/PS537494

Last Listing description (March 2017)

Just off the South Gippsland Highway, this facility offers great height and truckloads of space to deliver containers. Make the right move;
- 1,383sqm Total building
- Including ground floor office 95sqm and first floor 147sqm

- 7.8m Height (approx)
- Lunch room and staff amenities
- Fully fenced secure building
- 21 Car parks

Property History for 18 Commercial Dr, Lynbrook, VIC 3975

A timeline of how this property has performed in the market
Last Sold
$2,998,000
24 Apr 2024
Listed for Rent
$1.99k/w
29 Mar 2017
  • 24 Apr 2024
    Sold for $2,998,000
  • 07 Mar 2017
    Listed for Rent - Price not available
  • 16 Mar 2016
    Listed for Rent - Price not available
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About Lynbrook 3975

The size of Lynbrook is approximately 4.1 square kilometres. It has 19 parks covering nearly 13% of total area. The population of Lynbrook in 2011 was 6,771 people. By 2016 the population was 8,531 showing a population growth of 26.0% in the area during that time. The predominant age group in Lynbrook is 0-9 years. Households in Lynbrook are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lynbrook work in a professional occupation. In 2011, 84.3% of the homes in Lynbrook were owner-occupied compared with 80.5% in 2016.

Lynbrook has 3,191 properties. Over the last 5 years, Houses in Lynbrook have seen a 36.62% increase in median value, while Units have seen a 21.60% increase. As at 31 October 2024:

  • The median value for Houses in Lynbrook is $919,407 while the median value for Units is $619,137.
  • Houses have a median rent of $630 while Units have a median rent of $550.
There are currently 19 properties listed for sale, and 5 properties listed for rent in Lynbrook on OnTheHouse. According to CoreLogic's data, 111 properties were sold in the past 12 months in Lynbrook.

Suburb Insights for Lynbrook 3975

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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.