SOLD
Sold on 10 Apr 2024 for $720,000

8/5-7 Vesper Drive
Narre Warren VIC 3805

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 271m2
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Property Details for 8/5-7 Vesper Dr, Narre Warren

Building Type
Commercial
Land Size
271m2
Local Government
Casey
Lot/Plan
8/SP29859

Last Listing description (April 2018)

Secure yourself this great office warehouse in Narre Warren central.
This building is 257m and includes a large open office/showroom area and bonus mezzanine floor above. In addition there is 3 phase power, male and female toilets, shower, kitchenette and electric roller door.
The Narre Warren location offers easy access to the M1 freeway and is just off the Princes Highway.

Call Facey Industrial Commercial today and arrange a time to inspect.

Property History for 8/5-7 Vesper Dr, Narre Warren, VIC 3805

A timeline of how this property has performed in the market
Last Sold
$720,000
10 Apr 2024
Listed for Rent
$460/w
27 Apr 2018
  • 10 Apr 2024
    Sold for $720,000
  • 06 Mar 2018
    Listed for Rent - Price not available
  • 19 Dec 1991
    Sold for $95,000

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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 12,081 properties. Over the last 5 years, Houses in Narre Warren have seen a 28.17% increase in median value, while Units have seen a 31.90% increase. As at 31 October 2024:

  • The median value for Houses in Narre Warren is $767,399 while the median value for Units is $551,053.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 69 properties listed for sale, and 25 properties listed for rent in Narre warren on OnTheHouse. According to CoreLogic's data, 434 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.