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Overview
This exceptional landholding is situated in the highly sought-after Collison Estate of Cranbourne East, presenting a significant opportunity to developers, investors, and visionary buyers seeking large scale, flexibility, and future growth in a rapidly expanding Melbourne corridor. The site comprises an expansive land parcel of approximately 7,284 square metres, equating to 1.79 acres, offering an ideal platform for substantial residential development, subject to council approval (STCA), or as a premium land banking investment.
Included on the property is an existing four-bedroom residence with an additional study, featuring a spacious living area and a central bathroom. The property is complemented by substantial work sheds, making it suitable for immediate occupation, leasing, or interim use while development intentions are finalised. This versatility ensures the property meets various buyer needs, from immediate family living to long-term investment.
Highlights of the property include its expansive size, prime location within the prestigious Collison Estate, and significant residential development potential. It promises an excellent opportunity for developers and land bankers given the scarcity of large parcels in Cranbourne East with comparable positioning and prospects. The property is surrounded by well-established amenities, including schools, parks, and a range of shopping options.
The location offers strategic lifestyle advantages due to its connectivity and amenity-rich setting. The property is conveniently located within close proximity to multiple primary and secondary schools, approximately two kilometres from several educational institutions. Retail centres such as Pasadena on Clyde, Selandra Rise Shopping Centre, and the Hunt Club Village are just minutes away, offering Coles, Woolworths, Aldi, and other essential services. Cranbourne Park Shopping Centre is around four kilometres from the property, providing further shopping and dining options.
For leisure and recreation, the property is less than one kilometre from Casey Fields Sporting Complex and near Casey RACE facilities, including aquatic centres and gymnasium. Casey Hospital is also easily accessible, supporting healthcare needs. The property benefits from being approximately four kilometres from Cranbourne Station and the rail line, enhancing transport connectivity to the wider Melbourne area.
Due to the increasing scarcity of sizable land parcels with strong development potential in Cranbourne East, this offering presents a rare opportunity combining scale, strategic location, and long-term growth prospects. Buyers looking to secure a position in one of the South East's most promising growth corridors will find this property compelling. The potential is vast, whether for residential development projects or as a land banking investment.
Additional considerations include the requirement for photo identification for all inspections, approximate property dimensions and details, and the recommendation for buyers to thoroughly review the Due Diligence Checklist. Inspection times and availability are subject to change, underscoring the importance of timely engagement for interested parties.
In summary, this property stands as a unique opportunity in Cranbourne East offering significant land size, an existing residence with multiple bedrooms and study, and substantial development potential. It is an attractive prospect for those seeking both immediate occupation and future growth within a highly regarded estate surrounded by extensive amenities and excellent infrastructure.
Local Market Insights
In Cranbourne East, Quiet Listings observed 14 new parcels of land entering the market over the last 30 days, up from 2 during the previous 30-day period, with an average advertised asking price of $815,929. The property type mix of listed properties is predominantly Houses at 80%, followed by land (6%), and units (6%). Ray White was the most active agency in this area, representing 25.0% 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 East VIC 3977
Market Insights for Cranbourne East 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.
