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44 Lyall Street, Cranbourne VIC 3977

Just Listed!!

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$700k - $750k Medium Confidence Calculated based on our search observations.

Land 777 m²

Listed: 18th Aug 2026

Updated: 10 hours ago

Overview

Located in the heart of Cranbourne, this approximately 777 square meter site stands out as a prime opportunity for developers and investors. With its flat, rectangular shape and generous frontage of roughly 15.2 meters, combined with a depth of 51 meters, the land offers optimal dimensions for residential development of considerable density.

The property falls within the Activity Centre Zone (ACZ), a designation that supports mixed-use and residential projects with strong future potential. Notably, there is already a planning application underway for the construction of five townhouses — two double-storey and three triple-storey designs — offering a notable advantage to prospective developers by providing a validated conceptual framework and a head start on approvals.

The existing proposal may be varied, subject to council approval, allowing for the possibility of up to eight townhouses, which underscores the site’s flexibility and potential for enhanced development yield.
Its strategic central Cranbourne location ensures convenient access to numerous local amenities. Residents or future occupants will benefit from the proximity to Cranbourne Park Shopping Centre, a selection of shops and eateries, well-regarded schools such as Casey Grammar and Cranbourne Secondary College, and efficient connectivity through nearby train and bus services.
The surrounding lifestyle facilities, including parks, libraries, sporting venues, and the Royal Botanic Gardens Cranbourne, provide valuable recreational options, adding to the appeal for future residents.

This parcel is particularly suited to developers looking for a site where preliminary planning steps are already underway, significantly easing the pathway towards construction approval. Investors and land bankers will find the combination of location, land size, and planning flexibility a compelling proposition. The potential for mixed-use or commercial adaptations subject to regulatory consent further enhances the prospects for diverse development outcomes.

Overall, this offering presents a rare chance to capitalize on a well-positioned development opportunity with established planning momentum, situated within one of Cranbourne’s most vibrant and accessible neighbourhoods.

Local Market Insights

In Cranbourne, Quiet Listings observed 6 new parcels of land entering the market over the last 30 days, down from 11 during the previous 30-day period, with an average advertised asking price of $1,830,667. The property type mix of listed properties is predominantly Houses at 83%, followed by townhouses (7%), and units (4%). The most active agency for land in the Cranbourne area is currently OBrien Real Estate, representing 17% of new listings, followed by Stonebridge Property Group with 17%. 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.