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117 Narre Warren Road, Cranbourne VIC 3977

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$1.7M - $1.87M High Confidence Calculated based on strong search observations.

House 9 Beds 9 Baths 630 m²

Listed: 4 hours ago

Overview

This newly constructed nine-bedroom rooming house at 117 Narre Warren Road, Cranbourne, is tailored for contemporary shared living, combining privacy with functionality. Each bedroom benefits from its own ensuite bathroom, ensuring a high degree of comfort and personal space for occupants.

Designed with modern finishes and a focus on communal accommodation, the property is well suited for room-by-room leasing, making it particularly attractive to investors looking for consistent rental income. Its layout supports a harmonious living environment where residents can enjoy private retreats within a shared setting.

Strategically positioned in Cranbourne, the location offers excellent accessibility to essential amenities such as schools, shopping centers, and public transport, enhancing convenience for residents. Proximity to educational institutions like Casey Grammar and transport hubs like Cranbourne Train Station adds to the property's appeal.

With construction ongoing, this opportunity caters to those seeking an income-producing asset in a growing suburb. The design and location together create prospects not only for investors but also for operators interested in purpose-built accommodation solutions.

Local Market Insights

In Cranbourne, Quiet Listings observed 121 new houses entering the market over the last 30 days, down from 176 during the previous 30-day period, with an average advertised asking price of $821,979. The property type mix of listed properties is predominantly Houses at 82%, followed by townhouses (7%), and land (5%). The most active agency for houses in the Cranbourne area is currently Ray White, representing 18% of new listings, followed by OBrien Real Estate with 17%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.