3/628 Nepean Highway, Carrum, VIC 3197 | Property Value & History | OnTheHouse
OFF MARKET

3/628 Nepean Highway
Carrum VIC 3197

Bedrooms: 5
Bathrooms: 2
Car spaces: 12
Land area: 866m2
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Property Details for 3/628 Nepean Hwy, Carrum

3/628 Nepean Hwy, Carrum is a 5 bedroom, 2 bathroom Unit with 12 parking spaces and was built in 1937. The property has a land size of 866m2. While the property is not currently for sale or for rent, it was last sold in February 1998.

Building Type
Unit
Year Built
1937
Land Size
866m2
Local Government
Kingston
Lot/Plan
3/SP27660

Last Listing description (August 2022)

CLOSING DATE SALE 31/07

Right in the heart of Carrum with million dollar bay views, this 864m site rich in character presents commercial and residential opportunities in a Mixed Use Zone, with Carrum beach's picturesque white sands right on your doorstep. With an impressive Nepean Highway address, the site is 56.9m deep featuring a 15.05m frontage, and an existing palatial-sized art deco 15-room home built in 1937, with ornate ceilings and vintage charm that is a renovation opportunity described below:

Streamline Moderne architecture, with '30s distinct curvature features, two chimneys and carpet throughout

Grand foyer, with built-in storage, storage room, underground cellar and large stairway
Dining room complete with a fireplace, built-in storage and gas heater, with its own dry cellar and additional storage room
Spacious kitchen, with oak timber floors, double sink, fridge space, generous meal preparation space, handy cupboards, pantry and extra built-in storage
Two office rooms, each with fireplaces and gas heating, including the second with gorgeous mosaic, stained glass windows viewable from the foyer
Formerly the maid quarters, now features an extra office room, male and female toilets including vanity in a rear extension purchasers may consider demolishing
5-bedrooms upstairs including three with BIR, three with Daikin split-systems and one with a safe, with two featuring bay views and the potential master boasting its own fireplace, built-in shelving and a private balcony overlooking Port Phillip
Tiled ensuite, with shower, toilet and vanity with a separate powder cupboard in the hallway, which leads out to a second balcony with highway views
Front yard with a porte cochere that was formerly the property's private garden
Storage shed and concreted rear courtyard, ideal for a garage and trailer storage
Perimeter bollards, CCTV cameras and an alarm system, provide additional security

The 72.2m deep driveway on a common property title, leaves room to reimagine bayside living with STCA the addition of townhouses or an apartment complex to the rear with bay views, with potential options for the highway frontage including a lock-up shop with apartments above, a townhouse or an extension of the home to create a bistro and hospitality venue.

Options including a combination of the following can be explored STCA:
3 lot subdivision
Front and rear townhouse development
Rear apartment complex taking aspiration from the Beaumaris Hotel
Lock-up shop added to the frontage, with two apartments added above
Front extension including deck and bistro for a hospitality venue

As a zone permitting a range of residential, commercial, industrial and other uses, purchasers have a number of available options, with amenities such as the railway, village shops, primary school, sporting facilities and of course the beach all nearby.

Our vendors also present the opportunity for a 12-month $45,000 rent back + outgoings and lease for their business and current tenancy. Potential is in the eye of the beholder. Please note: all dimensions are approximate & a new lease is to be signed between all parties.

Contact Cameron Howe on 0417 112 784 or Claude Makdesi on 0405 342 244 for further information.

Property History for 3/628 Nepean Hwy, Carrum, VIC 3197

A timeline of how this property has performed in the market
Last Sold
$320,000
21 Feb 1998
  • 06 Jun 2022
    Listed for Sale THE ONE: CONTACT AGENT
  • 21 Feb 1998
    Sold for $320,000
  • 14 Feb 1990
    Sold for $250,000
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About Carrum 3197

The size of Carrum is approximately 1.6 square kilometres. It has 6 parks covering nearly 9.7% of total area. The population of Carrum in 2016 was 3980 people. By 2021 the population was 4239 showing a population growth of 6.5% in the area during that time. The predominant age group in Carrum is 30-39 years. Households in Carrum are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carrum work in a professional occupation.In 2021, 67.40% of the homes in Carrum were owner-occupied compared with 64.30% in 2016.

Carrum has 2,572 properties. Over the last 5 years, Houses in Carrum have seen a 11.16% increase in median value, while Units have seen a 27.34% increase. As at 31 January 2026:

  • The median value for Houses in Carrum is $1,260,065 while the median value for Units is $860,196.
  • Houses have a median rent of $625 while Units have a median rent of $620.
There are currently 9 properties listed for sale, and 3 properties listed for rent in Carrum on OnTheHouse. According to Cotality's data, 123 properties were sold in the past 12 months in Carrum.

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Cotality Copyright and Legal Disclaimers about Property Data
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.