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Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

40 Russell Street, Cranbourne VIC 3977

$770,000 - $820,000

Listed: 39 days ago
Overview

Situated on a substantial 674sqm allotment within the Activity Centre Zone, this meticulously maintained house offers significant appeal for families and developers. The property's zoning suggests exciting potential for future high-density development, subject to council approval, making it a valuable asset either as a long-term home or investment opportunity.

The home presents spacious and comfortable living with four bedrooms each equipped with built-in robes, complemented by a study that can function as a fifth bedroom, along with two well-appointed bathrooms. This layout provides versatile accommodation suitable for growing families or those requiring dedicated work or hobby space.

Multiple living areas enhance daily functionality and entertaining options. The open-plan formal lounge and dining areas flow seamlessly to a classic, upgraded kitchen, offering an ideal balance between relaxed family living and social gatherings. Year-round comfort is assured with evaporative cooling and gas heating, creating a pleasant environment regardless of season.

The exterior contributes to the property's appeal, featuring well-established gardens with an irrigation system and extensive vehicular accommodation including a double garage/workshop and single carport, both with automatic doors providing secure and convenient access.

  • Located within the Activity Centre Zone with potential for high-density development (STCA)
  • Large 674sqm allotment offering flexibility and future opportunities
  • Four bedrooms with built-in robes plus study for additional accommodation
  • Master suite includes an ensuite bathroom enhancing privacy and convenience
  • Craftsman built home with formal lounge and dining combined with rumpus/games room
  • Upgraded kitchen catering to both everyday meals and entertaining needs
  • Comfort features include evaporative cooling and gas heating
  • Secure parking with double garage/workshop and single carport
  • Close proximity to schools, Centro Shopping Centre, High Street shops, medical facilities and public transport

This property is suitable for families wanting a spacious, comfortable home with potential for growth, investors seeking a strategically located asset, or developers prioritizing a site with promising future possibilities.

Local Market Insights

In Cranbourne, Quiet Listings observed 182 new houses entering the market over the last 30 days, up from 120 during the previous 30-day period, with an average advertised asking price of $854,025. The property type mix of listed properties is predominantly Houses at 81%, followed by land (7%), and units (4%). Ancora Property Group was the most active agency in this area, representing 13.7% 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
40 Russell Street
Cranbourne VIC 3977
Market Insights for Cranbourne VIC 3977
New Listings (last 30 days)
182
Average price
$854,025
Lowest price
$549,000
Highest price
$7,000,000
Other properties in this postcode