296-298 Neerim Road, Carnegie, VIC 3163 | Property Value & History | OnTheHouse
OFF MARKET

296-298 Neerim Road
Carnegie VIC 3163

Bedrooms: -
Bathrooms: -
Car spaces: 38
Land area: 680m2
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Property Details for 296-298 Neerim Rd, Carnegie

Building Type
Commercial
Land Size
680m2
Local Government
Glen Eira
Lot/Plan
2/TP544430

Last Listing description (October 2017)

> Magnificent retail site of 680 sqm approx.
> Wide frontage to Neerim Road of 18 metres and 36.6mt deep approx.
> Outstanding development potential.

> Concept Development Plans for 34 apartments plus 256 sqm of retail space and 38 carparks
> Optimum dimensions and proportions for an efficient apartment building
> Unrivalled position only metres to Koornang Road's specialty retail and close to Carnegie rail station
> Laneway and street frontages
> Located within the core of the activity centre - Commercial 1 zoning
> To be sold with vacant possession
The subject property is ideally located on the northern side of Neerim Road, only 50 metres east of Koornang Road.
Bounded by Dandenong Road in the north and Grange Road in the west, Carnegie is a well-regarded residential suburb in Melbourne's south-east.
It has a strong and established retail concentration from the railway up along Koornang Road. This strip boasts a diverse range of tenants including: Safeway, Crust Pizza, Nandos, Carnegie Fruit Market, Flight Centre and all the major banking institutions.
For sale via public on site auction, Thursday 10th August 2017 at 12.00 Noon

Property History for 296-298 Neerim Rd, Carnegie, VIC 3163

A timeline of how this property has performed in the market
Last Sold
$3,610,000
10 Aug 2017
Listed for Rent
$2.30k/w
23 Jan 2017
  • 10 Aug 2017
    Sold for $3,610,000
  • 04 Jul 2017
    Listed for Sale Not Disclosed
  • 03 Jun 2016
    Listed for Rent - Price not available
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About Carnegie 3163

The size of Carnegie is approximately 3.7 square kilometres. There are 5 parks, covering nearly 6.0% of the total area. The population of Carnegie in 2016 was 17388 people. By 2021 the population was 17909 showing a population growth of 3.0% in the area during that time. The predominant age group in Carnegie is 30-39 years. Households in Carnegie are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carnegie work in a professional occupation.In 2021, 55.10% of the homes in Carnegie were owner-occupied compared with 52.40% in 2016.

Carnegie has 11,899 properties. Over the last 5 years, Houses in Carnegie have seen a -6.05% decrease in median value, while Units have seen a -7.54% decrease. As at 31 July 2026:

  • The median value for Houses in Carnegie is $1,603,621 while the median value for Units is $602,296.
  • Houses have a median rent of $835 while Units have a median rent of $595.
There are currently 22 properties listed for sale, and 32 properties listed for rent in Carnegie on OnTheHouse. According to Cotality's data, 569 properties were sold in the past 12 months in Carnegie.

Suburb Insights for Carnegie 3163

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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.