577 Princes Hwy, Narre Warren is a 3 bedroom, 2 bathroom House with 1 parking spaces and was built in 1975. The property has a land size of 1082m2 and floor size of 130m2. While the property is not currently for sale or for rent, it was last sold in May 2026. There are other 3 bedroom House sold in Narre Warren in the last 12 months.
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Commanding a prominent position on Princes Highway in Narre Warren, this substantial 1,082sqm (approx.) property presents a rare and compelling opportunity for investors, developers and forward-thinking buyers seeking scale, flexibility and long-term potential.
Zoned General Residential Zone 1 (GRZ1), the site offers outstanding potential for a range of future outcomes (STCA), including multi-unit development and medical or professional suites. With strong passing traffic and excellent exposure, the property is exceptionally well suited to those looking to maximise both residential and commercial potential.
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 12,256 properties. Over the last 5 years, Houses in Narre Warren have seen a 17.95% increase in median value, while Units have seen a 29.62% increase. As at 30 June 2026:
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