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Overview
This well-maintained and low-maintenance two-bedroom unit at 2/23 William Street, Cranbourne, presents an excellent opportunity for investors seeking a secure and profitable investment.
Currently tenanted, the property is leased at $435 per week with tenants secured until 2027, ensuring immediate rental income and long-term investment stability.
The home features two spacious bedrooms that are bright and filled with natural light, providing comfortable living spaces. The central bathroom is functional and conveniently located to serve the household.
The open-plan living and dining area offers a warm and inviting atmosphere, ideal for relaxation and entertaining guests. The kitchen is well-equipped with essential appliances, facilitating efficient meal preparation.
Outside, the low-maintenance backyard is perfect for those who prefer hassle-free upkeep, offering a manageable outdoor space. Additionally, the property includes a single garage that provides secure parking and extra storage options.
Situated in a peaceful yet convenient location, this unit is close to schools, shops, parks, and public transport, making it attractive to tenants and ensuring strong ongoing demand.
Whether you are looking to expand your investment portfolio with a reliable, set-and-forget property or seeking a smart purchase in a high-demand area, this unit ticks all the boxes for a sound investment.
Local Market Insights
In Cranbourne, Quiet Listings observed 9 new units entering the market over the last 30 days, down from 15 during the previous 30-day period, with an average advertised asking price of $571,567. The property type mix of listed properties is predominantly Houses at 76%, followed by land (8%), and units (5%). Ray White was the most active agency in this area, representing 33.5% of all new listings in the last 30 days. 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.
Location
Cranbourne VIC 3977
Market Insights for Cranbourne VIC 3977
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