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Overview
Set on a substantial 1,294 square metre block in the thriving Cranbourne locale, this renovated house is a valuable prospect blending comfortable living with significant developmental potential. The home's thoughtfully designed layout offers spacious living zones, including three distinct areas complemented by four sizable bedrooms and modern bathrooms, promoting versatile family lifestyles.
The kitchen stands out with its contemporary design and quality fittings, facilitating both everyday ease and entertaining. Adjacent, a generous decked pergola creates an inviting outdoor setting, ideal for social gatherings and capturing the expansive backyard's possibilities.
The property's expansive grounds not only provide ample space for family enjoyment but also offer promising redevelopment options subject to council approval. Prospective owners or investors may consider plans for up to eight units or townhouses, or community-focused facilities such as childcare or medical centres, enhancing the site's long-term value.
Well-positioned for convenience, the location grants swift access to public transport, shopping precincts, schools, medical services, and recreational amenities, underscoring its appeal to families, developers, and astute investors alike looking for both immediate and future opportunities.
Local Market Insights
In Cranbourne, Quiet Listings observed 139 new houses entering the market over the last 30 days, down from 183 during the previous 30-day period, with an average advertised asking price of $831,930. The property type mix of listed properties is predominantly Houses at 76%, followed by land (8%), and units (5%). Ray White was the most active agency in this area, representing 30.2% 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 VIC 3977
Market Insights for Cranbourne VIC 3977
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