56 Victor Crescent, Narre Warren, VIC 3805 | Property Value & History | OnTheHouse
 
OFF MARKET

56 Victor Crescent
Narre Warren VIC 3805

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 180m2
Land area: 4161m2
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Property Details for 56 Victor Cres, Narre Warren

Building Type
Commercial
Floor Size
180m2
Land Size
4161m2
Local Government
Casey
Lot/Plan
1/PS549116

Last Listing description (September 2023)

CBRE Victorian Health, Aged & Child Care are delighted to present for sale Narregate Medical & Dental Centre. This outstanding freestanding medical investment with development potential (STCA) in Narre Warren presents a fantastic opportunity in a tightly held medical precinct.

Narre Warren is a burgeoning suburb in the midst of development. It is home to growing families and great facilities such as the massive Fountain Gate Shopping Centre.


Key attributes of this outstanding retail investment property include:

- Leased to Primary Health Care Limited (ASX listed) - trading as Narregate Medical & Dental Centre

- Favourable lease structure: all outgoings paid by tenant including land tax

- Irreplaceable 4,177sqm* Commercial 1 Zoned landholding

- Permit for 20 practitioners

- Modern 1,602sqm* freestanding building plus 60* on-site car parks

-Rental Income $595,164pa* plus outgoings & GST as at November 2017 with fixed 3% annual rental increases

- Prime position in Narre Warren's thriving, large format retail and commercial precinct


*approx

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Property History for 56 Victor Cres, Narre Warren, VIC 3805

A timeline of how this property has performed in the market
Last Sold
$11,680,000
13 Jul 2017
Listed for Rent
$793/w
29 Mar 2011
  • 13 Jul 2017
    Sold for $11,680,000
  • 02 Jun 2017
    Listed for Sale Not Disclosed
  • 12 Jul 2012
    Listed for Rent - Price not available
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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 12,278 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 77 properties listed for sale, and 28 properties listed for rent in Narre warren on OnTheHouse. According to Cotality's data, 528 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.

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