122-126 Princes WayDrouin VIC 3818
Property Details for 122-126 Princes Way, Drouin
Last Listing description (May 2015)
Best turnover investment opportunity
Drouin is located east of Melbourne and is 45 minutes by train. It has shopping facilities, sporting complexes, local primary and secondary schools and medical services all located locally. It is growth area with many families moving in to enjoy the country lifestyle.
This property sale is located in the centre of Drouin near the train station and comprises of the free hold property and the Panel shop business. The building is situated on a property approx. half acre in area. The building has a reception / office area, staff room and the main panel workshop (1995sq.m) with 2 low bake ovens, structural jig system, hoists, ancillary equipment and space to repair several cars. The business has enjoyed growth over the last five years from the surrounding district.
Property History for 122-126 Princes Way, Drouin, VIC 3818
- 21 Feb 2015Listed for Sale PRICE ON APPLICATION
- 05 Feb 2015Listed for Sale PRICE ON APPLICATION
- 01 Aug 2008Sold for $600,000
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About Drouin 3818
The size of Drouin is approximately 52.4 square kilometres. It has 47 parks covering nearly 4.0% of total area. The population of Drouin in 2016 was 12349 people. By 2021 the population was 15287 showing a population growth of 23.8% in the area during that time. The predominant age group in Drouin is 0-9 years. Households in Drouin are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Drouin work in a trades occupation.In 2021, 75.80% of the homes in Drouin were owner-occupied compared with 71.70% in 2016.
Drouin has 9,833 properties. Over the last 5 years, Houses in Drouin have seen a 36.36% increase in median value, while Units have seen a 31.09% increase. As at 31 December 2025:
- The median value for Houses in Drouin is $704,884 while the median value for Units is $433,151.
- Houses have a median rent of $550 while Units have a median rent of $438.
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