117 Narre Warren Road, Cranbourne, VIC 3977 | Land for sale | OnTheHouse
FOR SALE

117 Narre Warren Road
Cranbourne VIC 3977

Bedrooms: -
Bathrooms: -
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Land area: 630m2
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Brand-New 9-Bedroom Rooming House Opportunity

Raine & Horne Land Victoria proud to present 117 Narre Warren Road, Cranbourne. Brand-New 9-Bedroom Rooming House Opportunity in Cranbourne hotspot.
Currently under construction, 117 Narre Warren Road, Cranbourne presents an excellent opportunity to secure a purpose-built rooming house designed for modern shared accommodation.
The property is being developed as a 9-bedroom rooming house, with each bedroom featuring its own private ensuite, providing residents with a high level of privacy, comfort and convenience.
Key Property Features:
• 9 generously designed bedrooms with Private ensuite bathroom to every bedroom
• Modern design and contemporary finishes
• Ideal for shared accommodation and room-by-room leasing
• Strong potential for investors seeking an income-producing property
• Convenient Cranbourne location with access to local amenities, shopping, schools and public transport
Location and Amenities:
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Property Details for 117 Narre Warren Rd, Cranbourne

Building Type
Land
Land Size
630m2
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About Cranbourne 3977

The size of Cranbourne is approximately 16.5 square kilometres. There are 47 parks, covering nearly 40.2% of the total area. The population of Cranbourne in 2016 was 20094 people. By 2021 the population was 21281 showing a population growth of 5.9% in the area during that time. The predominant age group in Cranbourne is 30-39 years. Households in Cranbourne are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cranbourne work in a trades occupation.In 2021, 63.50% of the homes in Cranbourne were owner-occupied compared with 66.20% in 2016.

Cranbourne has 10,969 properties. Over the last 5 years, Houses in Cranbourne have seen a 16.26% increase in median value, while Units have seen a 20.20% increase. As at 31 August 2026:

  • The median value for Houses in Cranbourne is $747,378 while the median value for Units is $531,779.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 76 properties listed for sale, and 31 properties listed for rent in Cranbourne on OnTheHouse. According to Cotality's data, 471 properties were sold in the past 12 months in Cranbourne.

Suburb Insights for Cranbourne 3977

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Satyaveer Jodha
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Pushpinder P Bajwa
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Raine & Horne Land Victoria
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.