153 Cranbourne RoadNarre Warren South VIC 3805
Property Details for 153 Cranbourne Rd, Narre Warren South
153 Cranbourne Rd, Narre Warren South is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1968. The property has a land size of 2020m2 and floor size of 157m2. While the property is not currently for sale or for rent, it was last sold in December 2024. There are other 3 bedroom House sold in Narre Warren South in the last 12 months.
Last Listing description (December 2024)
Presented by Only Estate Agents, this is a unique opportunity to secure a potentially high-return investment in a highly sought-after, blue-chip location. The expansive 2,020sqm (approx.) corner block of land features mixed zoning for both commercial and residential use (S.T.C.A.), offering a range of possibilities including community care accommodation, medical center, childcare centre, car wash, restaurant, or convenience store (S.T.C.A.).
The site is ideally positioned on an A-class road with high exposure, and the corner location provides ease of access with a slip lane at the front and ample parking space, making it perfect for commercial use.
Premium Features:
- Connected to all mains including Sewerage
- Mixed zoning of commercial & residential (S.T.C.A.)
- Prime location on an A-class road with high exposure
The property includes a well-maintained three-bedroom brick veneer home, featuring a fully equipped kitchen, dining, and family areas. Additional features include double-glazed windows, evaporative cooling, and ducted heating, making it comfortable for residential use or potential business operations.
Conveniently Located Near:
- Primary and Secondary schools
- Waverley Christian College
- Early Education Centre
- See Beck Drive Reserve Dog Park
- Restaurants and cafes
- Fountain Gate & Casey Central Shopping Centre
- Monash Freeway, Princes Highway, and South Gippsland Highway
Additional Information:
- Chattels: All fittings and fixtures inspected as permanent
- Deposit terms: 10% of the purchase price
- Preferred settlement: 90/120/150 days
This property offers all the essential services, along with a double brick garage. Its central location provides excellent exposure for businesses, with convenient access to major roads and shopping centers, making it a perfect opportunity for both commercial development and future growth. With the City of Casey forecasted to grow to a population of over 444,000, marking an increase of nearly 18% over the next two years (source: forecast.id.com.au), this location offers tremendous potential for long-term investment.
For more information, contact Sajjad Nasim.
Property History for 153 Cranbourne Rd, Narre Warren South, VIC 3805
- 23 Dec 2024Sold for $1,605,000
- 11 Dec 2024Listed for Sale $1,650,000 - $1,750,000
- 11 Jan 2024Listed for Rent $620 / week
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About Narre Warren South 3805
The size of Narre Warren South is approximately 13.1 square kilometres. It has 44 parks covering nearly 12.6% of total area. The population of Narre Warren South in 2011 was 28,595 people. By 2016 the population was 30,299 showing a population growth of 6.0% in the area during that time. The predominant age group in Narre Warren South is 10-19 years. Households in Narre Warren South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Narre Warren South work in a trades occupation. In 2011, 84.9% of the homes in Narre Warren South were owner-occupied compared with 82.6% in 2016.
Narre Warren South has 9,951 properties. Over the last 5 years, Houses in Narre Warren South have seen a 30.76% increase in median value, while Units have seen a 14.15% increase. As at 31 December 2024:
- The median value for Houses in Narre Warren South is $862,652 while the median value for Units is $592,116.
- Houses have a median rent of $600 while Units have a median rent of $480.
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