2020 Princes HighwayNar Nar Goon VIC 3812
Property Details for 2020 Princes Hwy, Nar Nar Goon
Last Listing description (July 2023)
A rare opportunity to secure 25.22 acres, boasting prime highway exposure and a great central location being 3.5km to the new Pakenham Racetrack, 9km to Pakenham and less then 1km to Nar Nar Goon township. The property is currently zoned (GWZ), with massive opportunity for redevelopment for Developer, Investor or Astute Buyer. Nar Nar Goon could very well be the next Pakenham. Buy today to secure your future, you don't want to look back in 20 years from today and say; if only I bought that place. The South East is growing at a rapid rate spreading out into the newly zoned urban growth areas. The urban growth boundary has been revised to meet the demand of housing needed for our growing population and it is only a matter of time before 2020 Princes Highway will be re-zoned and developed.
The property currently has two comfortable three bedroom houses, a self contained bungalow, various sheds, a dam and 5 horse boxes.
One of Nar Nar Goons township strategy scenario involves increasing the town's footprint and the population by a 10 fold increase. Just imagine the value that this could add to 2020 Princes Highway, being less than 1km from the centre of town.
Property History for 2020 Princes Hwy, Nar Nar Goon, VIC 3812
- 20 Nov 2015Listed for Sale $7,000,000
- 01 May 2015Listed for Sale Not Disclosed
- 05 Oct 2012Listed for Sale 2500000
Recent sales nearby
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About Nar Nar Goon 3812
The size of Nar Nar Goon is approximately 51.9 square kilometres. It has 2 parks covering nearly 0.2% of total area. The population of Nar Nar Goon in 2016 was 1012 people. By 2021 the population was 1023 showing a population growth of 1.1% in the area during that time. The predominant age group in Nar Nar Goon is 50-59 years. Households in Nar Nar Goon are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nar Nar Goon work in a managers occupation.In 2021, 73.00% of the homes in Nar Nar Goon were owner-occupied compared with 73.40% in 2016.
Nar Nar Goon has 1,352 properties. Over the last 5 years, Houses in Nar Nar Goon have seen a 31.77% increase in median value, while Units have seen a 16.70% increase. As at 31 December 2025:
- The median value for Houses in Nar Nar Goon is $1,067,084 while the median value for Units is $505,198.
- Houses have a median rent of $600.
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