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

Location

Market Insights for Cranbourne VIC 3977

New Listings (last 30 days)

154

Average price

$893,691

Lowest price

$499,950

Highest price

$5,400,000

16 Marklin Street, Cranbourne VIC 3977

House 3 beds 1 bath 5 cars 609 m²

Listed: 55 days ago

Updated: 20 hours ago

Overview

Situated in the heart of Cranbourne, this substantial allotment of approximately 609 square metres presents a valuable opportunity for renovators, builders, investors or purchasers seeking a well-positioned property with development potential. The existing residence features three bedrooms fitted with built-in robes, serviced by a central bathroom and a secondary toilet adjoining the separate laundry. An inviting living area connects to a rear sunroom, offering additional versatile space that can be adapted to various lifestyle needs.

A double garage with drive-through access enhances parking convenience and extra storage options, while gas ducted heating and evaporative cooling systems deliver year-round comfort. The inclusion of a fireplace further enriches the living ambience.

Positioned opposite parklands and within walking distance to the Cranbourne Train Station and local bus services, the location benefits from excellent connectivity. Nearby shopping facilities including Hunt Club Village Shopping Centre and Cranbourne Park Shopping Centre, as well as educational institutions such as Casey Grammar, Cranbourne Primary School, and Cranbourne Secondary College, provide essential community amenities. Easy access to major arterial roads adds to the appeal for commuters and families alike.

Offered in its current condition and presented for auction onsite, this property invites prospective buyers to explore renovation possibilities or consider redevelopment subject to council approval. Contract terms require a 10% deposit with a 30 to 45-day settlement period. Diligent buyers are encouraged to thoroughly assess the property, underscoring the potential and location benefits inherent in this well-situated parcel of land.

Local Market Insights

In Cranbourne, Quiet Listings observed 154 new houses entering the market over the last 30 days, up from 143 during the previous 30-day period, with an average advertised asking price of $893,691. The property type mix of listed properties is predominantly Houses at 84%, followed by townhouses (6%), and land (4%). The most active agency for houses in the Cranbourne area is currently OBrien Real Estate, representing 30% of new listings, followed by Ray White with 12%. 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.