3/471 Princes Highway, Narre Warren, VIC 3805 | Property Value & History | OnTheHouse
 
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3/471 Princes Highway
Narre Warren VIC 3805

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 95m2
Land area: 97m2
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Property Details for 3/471 Princes Hwy, Narre Warren

Building Type
Commercial
Floor Size
95m2
Land Size
97m2
Local Government
Casey
Lot/Plan
3/SP22747

Last Listing description (October 2025)

This exceptional investment opportunity consists of two adjoining commercial shops sold as one package or individually, currently leased as a thriving restaurant, generating a annual rent of approximately $72,000/year (combined).

The property offers ample space and versatility for various commercial uses. Strategically positioned in a high-traffic area with excellent visibility and accessibility on Princess Highway, Narre Warren ensuring maximum exposure for your business, providing ample space for retail, office, or service-oriented ventures.

The property located as part of a 900 sqm block shared with one neighboring business, providing convenient parking spots available at the rear, plus access to a shared area of ample parking in front of the building, shared with one neighboring business, offering potential for collaboration and customer traffic.

This property offers a rare chance to secure a well-positioned commercial asset in the rapidly growing Narre Warren area. Don't miss out on this unique investment!

Please contact Lin Zhang on 0403 187 808 for an appointment.

*Photo I.D Required Upon Inspection*

Disclaimer: We have in preparing this document used our best endeavors to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospect purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquiries and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence checklist from Consumer Affairs.

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Property History for 3/471 Princes Hwy, Narre Warren, VIC 3805

A timeline of how this property has performed in the market
Last Sold
$700,000
04 Jun 2025
  • 04 Jun 2025
    Sold for $700,000
  • 18 Oct 2024
    Listed for Sale $720,000 - $770,000
  • 09 Mar 2006
    Listed for Sale 390000
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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 12,252 properties. Over the last 5 years, Houses in Narre Warren have seen a 14.62% increase in median value, while Units have seen a 25.09% increase. As at 31 July 2026:

  • The median value for Houses in Narre Warren is $825,496 while the median value for Units is $589,593.
  • Houses have a median rent of $580 while Units have a median rent of $530.
There are currently 76 properties listed for sale, and 23 properties listed for rent in Narre warren on OnTheHouse. According to Cotality's data, 527 properties were sold in the past 12 months in Narre warren.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
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