SOLD
Sold on 25 Jan 2024 for $1,309,000

1 Springwood Avenue
Narre Warren VIC 3805

Bedrooms: 3
Bathrooms: -
Car spaces: -
Land area: 712m2
Sold By
Ian Robertson
Cameron
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Property Details for 1 Springwood Ave, Narre Warren

Building Type
Commercial
Land Size
712m2
Local Government
Casey
Lot/Plan
172/LP53631

Last Listing description (October 2023)

Sitting in an enviable position opposite Bunjil Place and Westfield Fountain Gate, this property presents the many options to the astute buyer.

The 712m2 site sits on the corner of Springwood Avenue with generous exposure to Princes Highway. The existing 130m2* brick built dwelling has been converted to it's current functional and permitted use as an orthodontic clinic.

Within an Activity Centre Zone (Schedule 2), this property has scope to be redeveloped UP! (STCA)

To receive further information on this site, or to arrange your inspection, please contact the Exclusive Listing Agents.

* Denotes approximate

Property History for 1 Springwood Ave, Narre Warren, VIC 3805

A timeline of how this property has performed in the market
Last Sold
$1,309,000
25 Jan 2024
  • 25 Jan 2024
    Sold for $1,309,000
  • 08 Sep 2023
    Listed for Sale $1,100,000
  • 29 Sep 2001
    Sold for $175,000
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About Narre Warren 3805

The size of Narre Warren is approximately 14 square kilometres. It has 52 parks covering nearly 9% of total area. The population of Narre Warren in 2011 was 25,882 people. By 2016 the population was 26,623 showing a population growth of 2.9% in the area during that time. The predominant age group in Narre Warren is 20-29 years. Households in Narre Warren are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Narre Warren work in a trades occupation. In 2011, 75.3% of the homes in Narre Warren were owner-occupied compared with 71.7% in 2016.

Narre Warren has 12,097 properties. Over the last 5 years, Houses in Narre Warren have seen a 34.04% increase in median value, while Units have seen a 21.40% increase. As at 31 August 2024:

  • The median value for Houses in Narre Warren is $773,385 while the median value for Units is $532,981.
  • Houses have a median rent of $530 while Units have a median rent of $500.
There are currently 51 properties listed for sale, and 13 properties listed for rent in Narre warren on OnTheHouse. According to CoreLogic's data, 442 properties were sold in the past 12 months in Narre warren.

Suburb Insights for Narre Warren 3805

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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.