OFF MARKET

130 Nar Nar Goon-Longwarry Road
Nar Nar Goon VIC 3812

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 521763m2
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Property Details for 130 Nar Nar Goon-Longwarry Rd, Nar Nar Goon

Building Type
Land
Land Size
521763m2
Local Government
Cardinia
Lot/Plan
1/TP845179

Last Listing description (September 2017)

For Sale by Expressions of Interest (Closes December 15th 2016)

Located immediately east of the existing Nar Nar Goon township and in immediate proximity to the residential and business precincts, the Nar Nar Goon Primary School, Nar Nar Goon Recreation Reserve (and its associated facilities) and the V-Line Railway Station, this 129 acre (approx.) parcel in 3 Titles holds a prized position. The lands northern boundary offers a 1,100 metre sealed road frontage to the Nar Nar Goon Longwarry Road. Parallel to the road is the Gippsland Railway Line, with the Nar Nar Goon Railway Station only 200 metres from the property, whilst Browning Road traverses the length of the southern boundary.

The property is presently serviced with power and mains water. Reticulated sewer and mains gas are available at the northern boundary and the ease of access to the M1 Freeway augers very well for the future development of the land. The property, in essence, is a prime opportunity to bolt onto a readymade and attractive community with all services and major infrastructure in place. We suggest that this property is a logical inclusion in a planning framework for the future development of Nar Nar Goon. Offered For Sale for the first time in over 120 years this strategically positioned parcel is without doubt a premier land banking opportunity.

Almost 129 Acres in 3 Titles
To be sold as a whole
Strategically positioned parcel
Exceptional accessibility with 3 street frontages
Power, mains water & gas connected
Reticulated sewer available
Immediately proximate to educational, recreational facilities & public transport
Unsurpassed access to M1 Freeway
Property occupied on a periodic tenancy

Information Memorandum Available.

Property History for 130 Nar Nar Goon-Longwarry Rd, Nar Nar Goon, VIC 3812

A timeline of how this property has performed in the market
Last Sold
$4,500,000
15 Dec 2016
  • 15 Dec 2016
    Sold for $4,500,000
  • 04 Nov 2016
    Listed for Sale Expressions of Interest
  • 27 Mar 2011
    Transferred
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About Nar Nar Goon 3812

The size of Nar Nar Goon is approximately 51.9 square kilometres. It has 2 parks covering nearly 0.2% of total area. The population of Nar Nar Goon in 2011 was 1,012 people. By 2016 the population was 1,007 showing a population decline of 0.5% in the area during that time. The predominant age group in Nar Nar Goon is 50-59 years. Households in Nar Nar Goon are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nar Nar Goon work in a trades occupation. In 2011, 80.7% of the homes in Nar Nar Goon were owner-occupied compared with 73.4% in 2016.

Nar Nar Goon has 741 properties. Over the last 5 years, Houses in Nar Nar Goon have seen a 54.92% increase in median value, while Units have seen a 25.66% increase. As at 30 September 2024:

  • The median value for Houses in Nar Nar Goon is $1,052,860 while the median value for Units is $511,625.
  • Houses have a median rent of $840.
There are currently 11 properties listed for sale, and no properties listed for rent in Nar nar goon on OnTheHouse. According to CoreLogic's data, 13 properties were sold in the past 12 months in Nar nar goon.

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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.