46 Gwen Road, Cranbourne West, VIC 3977 | Property Value & History | OnTheHouse
FOR SALE

46 Gwen Road
Cranbourne West VIC 3977

Bedrooms: -
Bathrooms: -
Car spaces: -
Save

Property Details for 46 Gwen Rd, Cranbourne West

Building Type
Land
Local Government
Casey
Lot/Plan
57/PS716271

Last Listing description (May 2026)

The Brief: PREMIUM COMMERCIAL DEVELOPMENT OPPORTUNITY

Its Addressed:
Positioned within the highly sought-after Cranbourne West industrial and commercial precinct, this exceptional landholding presents a rare opportunity to secure one of the last remaining undeveloped
sites in the area. Offering approximately 1,017m of prime land with an impressive approx. 20-metre frontage, this property is perfectly suited for owner-occupiers, investors, developers, or businesses looking to build a premium commercial facility in a rapidly growing corridor.

Adding immediate investment appeal, the property is currently leased, returning approximately $51,000 per annum plus outgoings, providing strong holding income while planning your future development or business expansion.

Located within the Urban Growth Zone Schedule 1 (UGZ1), the property offers outstanding future potential and flexibility for commercial or industrial development (STCA). Surrounded by established businesses and major infrastructure, this is the ideal opportunity to create your own purpose-built warehouse, office, showroom, or investment asset in one of Melbournes fastest-growing commercial hubs.

Key Features:

Approx. 1,017m land area
Wide 20-metre street frontage
Rare vacant commercial development site
Currently leased returning approx. $51,000 p.a. plus outgoings
Secure holding income while planning future development
Located within Urban Growth Zone Schedule 1 (UGZ1)
Highly desirable Cranbourne West industrial precinct
One of the last remaining undeveloped parcels in the area
Ideal for owner-occupiers, developers, or investors
Power connected to site
Existing electric sliding gates
Strong growth corridor with ongoing commercial expansion
Surrounded by established warehouses, factories, and business facilities
Opportunity to secure future capital growth in a tightly held precinct

Income & Outgoings:

Current lease income: $51,000 + outgoings per annum

This structure provides a low-management investment with minimal owner outgoings and a stable net return profile (subject to lease terms).

Location Highlights:

Easy access to South Gippsland Highway and Western Port Highway
Close to surrounding logistics, trade, and industrial businesses in Cranbournes growing freight corridor
Convenient connectivity to Cranbourne railway line via Cranbourne railway station
Positioned within a high-demand industrial and logistics growth area in Melbournes south-east

This is a solid income-generating industrial landholding offering secure returns today with long-term upside in a rapidly expanding commercial corridor.

Contact Your Area Specialist!
Hossein Gholami - 0449 594 926

Chattels: All fittings and fixtures as inspected
Deposit terms: 10% of the purchase price
Preferred Settlement: 30/45/60/90/120 days

PHOTO ID REQUIRED AT OPEN HOMES

Due diligence checklist: http://www.consumer.vic.gov.au/duediligencechecklist.

Disclaimer: All stated dimensions in the content and photos are approximate only.

Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.

Property History for 46 Gwen Rd, Cranbourne West, VIC 3977

A timeline of how this property has performed in the market
Last Sold
$1,020,000
13 Sep 2024
  • 13 May 2026
    Listed for Sale $1,300,000 to $1,350,000 + GST
Commute Calculator

About Cranbourne West 3977

The size of Cranbourne West is approximately 11.8 square kilometres. There are 23 parks, covering nearly 10.1% of the total area. The population of Cranbourne West in 2016 was 15035 people. By 2021 the population was 19969 showing a population growth of 32.8% in the area during that time. The predominant age group in Cranbourne West is 30-39 years. Households in Cranbourne West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cranbourne West work in a trades occupation.In 2021, 74.30% of the homes in Cranbourne West were owner-occupied compared with 76.00% in 2016.

Cranbourne West has 9,327 properties. Over the last 5 years, Houses in Cranbourne West have seen a 27.49% increase in median value, while Units have seen a 35.56% increase. As at 30 April 2026:

  • The median value for Houses in Cranbourne West is $788,857 while the median value for Units is $595,758.
  • Houses have a median rent of $590 while Units have a median rent of $535.
There are currently 57 properties listed for sale, and 15 properties listed for rent in Cranbourne west on OnTheHouse. According to Cotality's data, 477 properties were sold in the past 12 months in Cranbourne west.

Suburb Insights for Cranbourne West 3977

Market Insights
Cranbourne West Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Cranbourne West Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.