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Overview
Free House
This property presents a unique opportunity for first home buyers, builders, developers, and investors. Situated in central Cranbourne, this house offers four bedrooms and is available at a price range of $500,000 to $550,000, with the land valued conservatively at around $550,000. The purchase includes the house at no additional cost when buying the land.
The property is versatile, allowing owners to rent out the existing house while obtaining plans and permits to build a unit at the back. Alternatively, owners can sell the land with plans and permits to reduce mortgage costs, build a new unit to live in, or rent or sell the front house. This flexibility provides multiple avenues for profit or personal use.
The house itself features four bedrooms, including a master bedroom with a walk-in robe and en-suite bathroom. The other three bedrooms each have double robes. The living area is spacious and equipped with air conditioning for comfort. The kitchen has been renovated and offers ample storage space. Additionally, there is a dedicated man cave with air conditioning, enhancing the living experience.
The property sits on approximately 600 square meters of land and includes solar panels to help reduce energy costs. For storage needs, there are two large sheds on the premises. The location is convenient, within walking distance to shopping centers, bus stops, and the Cranbourne train station, making commuting and daily errands easy.
This property is an excellent investment with potential for value appreciation. It is ideal for those looking to capitalize on the growing Cranbourne area, offering both lifestyle and financial benefits. Prospective buyers are encouraged to act quickly to secure this promising opportunity.
Note that photo identification is required for all inspections. The information provided has been carefully compiled to ensure accuracy but does not constitute a representation by the vendor or agent. For further due diligence, an up-to-date checklist is available at the Victorian consumer affairs website.
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
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
