631 Nepean HighwayCarrum VIC 3197
Property Details for 631 Nepean Hwy, Carrum
631 Nepean Hwy, Carrum is a 3 bedroom, 2 bathroom Townhouse with 2 parking spaces. The property has a land size of 365m2.This Property is currently listed for sale with Ray White Chelsea
Last Listing description (June 2026)
- Don't miss this rare beachside opportunity to secure either 1 or 2 shops and apartment above (3 income streams)
- Plans and permits approved for Carrum's largest roof top terrace
- Established frozen yoghurt business (5+ years with strong local following)
Rare mixed-use freehold in a prime beachside position, metres from Carrum foreshore.
This fully renovated property offers the ultimate work/live/invest setup, with a high-exposure ground-floor commercial premises and a luxury three-bedroom town residence above ideal for owner-operators, entrepreneurs or investors seeking flexibility and multiple income streams.
The apartment features a private entry, generous proportions, high ceilings, quality finishes, split-system heating/cooling, fireplace, automatic blinds, heated tiled flooring and an expansive spa terrace. The designer kitchen includes premium appliances and a zip filtered/boiling water tap, while three bedrooms with built-in robes include a master with ensuite.
Downstairs is an approx. 52sqm fully renovated commercial space, currently operating as an established frozen yoghurt business and offered fully fitted with plant and equipment, plus training provided.
With prominent dual street frontage to Nepean Highway and Johnson Avenue, this is a standout opportunity in a tightly held coastal strip. Approved plans and permits for a future rooftop terrace add further upside.
For further information contact Ray White Chelsea Director Shane O'Sughrue on 0401 119 911.
Please note, photo identification will be required upon entry to the inspection.
Property History for 631 Nepean Hwy, Carrum, VIC 3197
- 20 Apr 2026Listed for Sale $1,400,000 - $1,500,000
- 26 Dec 2025Listed for Sale $1,700,000 - $1,800,000
- 28 Jun 2021Listed for Rent - Price not available
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About Carrum 3197
The size of Carrum is approximately 1.6 square kilometres. There are 6 parks, covering nearly 9.7% of the 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 2,571 properties. Over the last 5 years, Houses in Carrum have seen a 8.51% increase in median value, while Units have seen a 19.17% increase. As at 31 May 2026:
- The median value for Houses in Carrum is $1,243,724 while the median value for Units is $879,023.
- Houses have a median rent of $668 while Units have a median rent of $625.
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