1 Cranbourne Road, Narre Warren, VIC 3805 | Property Value & History | OnTheHouse
OFF MARKET

1 Cranbourne Road
Narre Warren VIC 3805

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 78m2
Land area: 3860m2
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Property Details for 1 Cranbourne Rd, Narre Warren

Building Type
Commercial
Year Built
1989
Floor Size
78m2
Land Size
3860m2
Local Government
Casey
Lot/Plan
CP163317

Last Listing description (December 2020)

Fitzroys is delighted to offer 1 Cranbourne Road, Narre Warren, for sale by Expressions of Interest closing 18th November at 3pm.

This is a rare opportunity to acquire a significant site underpinned by a 5 year lease to Kennards Hire and located within the heart of Melbourne's booming South Eastern growth corridor.

First time offered in over 35 years!
Irreplaceable land holding of 3,909 sqm*
123 metres of priceless highway frontage
5 year lease (no options) to Kennards Hire Pty Ltd
Kennards Hire has more than 180 branches across Australia and New Zealand
Returning $111,000 per annum* plus outgoings and GST
Strong potential for future rental uplift
Strategically positioned next to Narre Warren Railway Station
Metres from the sprawling Westfield Fountain Gate retail and commercial precinct
High traffic location with excellent access to major arterials including Princes Highway and Monash Freeway
Surrounded by every possible amenity and an exceptionally strong residential catchment
Within City of Casey's highly desirable Activity Centre Zone (ACZ) allowing various future development outcomes (stca)
Flexible opportunity suited to either the investor or future owner occupier or developer

*approx.

1 Cranbourne Road, Narre Warren - For Sale By Expressions of Interest closing Wednesday 18th November at 3pm.

Property History for 1 Cranbourne Rd, Narre Warren, VIC 3805

A timeline of how this property has performed in the market
Last Sold
$3,168,000
24 Nov 2020
  • 24 Nov 2020
    Sold for $3,168,000
  • 09 Oct 2020
    Listed for Sale Contact Agent
  • 15 Mar 2013
    Listed for Sale BUYERS OVER $480,000
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About Narre Warren 3805

The size of Narre Warren is approximately 14.0 square kilometres. There are 52 parks, covering nearly 9.0% of the total area. The population of Narre Warren in 2016 was 26621 people. By 2021 the population was 27689 showing a population growth of 4.0% in the area during that time. The predominant age group in Narre Warren is 30-39 years. Households in Narre Warren are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Narre Warren work in a trades occupation.In 2021, 69.20% of the homes in Narre Warren were owner-occupied compared with 71.70% in 2016.

Narre Warren has 12,217 properties. Over the last 5 years, Houses in Narre Warren have seen a 21.43% increase in median value, while Units have seen a 36.89% increase. As at 31 May 2026:

  • The median value for Houses in Narre Warren is $849,527 while the median value for Units is $615,355.
  • Houses have a median rent of $575 while Units have a median rent of $530.
There are currently 74 properties listed for sale, and 27 properties listed for rent in Narre warren on OnTheHouse. According to Cotality's data, 547 properties were sold in the past 12 months in Narre warren.

Suburb Insights for Narre Warren 3805

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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.