Build, Live or Invest: Your 650sqm Opportunity in Cranbourne

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12 Monahans Road, Cranbourne VIC 3977

$640,000 - $695,000

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$640k - $672k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 2 Cars 650 m² 102 m²

Listed: 47 days ago

Updated: 7 days ago

Overview

Set on a substantial 650sqm block with an impressive 22.97m frontage, this property offers significant street presence and versatile potential, ideal for investors, developers, or owner-occupiers seeking a prominent location in Cranbourne.

The home's interior has been carefully updated with modern floating floorboards throughout, resulting in a bright and cohesive ambiance that enhances its practical, light-filled design. Featuring three well-sized bedrooms—including two with built-in robes—and a central bathroom equipped with a spa bath, the layout is both comfortable and functional. A separate toilet and integrated European laundry add to the convenience.

Central to the home is a spacious lounge that seamlessly connects to an open-plan kitchen and meals area. The kitchen is thoughtfully appointed with a gas cooktop, oven, and contemporary tiled splashback, plus ample bench space suited to everyday culinary needs. Comfort is assured year-round with ducted heating and evaporative cooling systems.

Outside, the generous backyard presents a blank canvas perfect for family living or future development opportunities (subject to council approval). An inviting covered pergola sets the stage for outdoor dining and entertaining, while the garage and additional garden shed provide valuable storage.

Positioned just minutes from Cranbourne Park Shopping Centre, the train station, key arterial roads, and quality schools, the property delivers a convenient lifestyle with long-term potential. Its large, well-exposed block and central location make it a rare offering with immediate and future appeal.

Local Market Insights

In Cranbourne, Quiet Listings observed 144 new houses entering the market over the last 30 days, down from 161 during the previous 30-day period, with an average advertised asking price of $925,108. The property type mix of listed properties is predominantly Houses at 83%, followed by townhouses (7%), and land (4%). The most active agency for houses in the Cranbourne area is currently Ray White, representing 17% of new listings, followed by OBrien Real Estate with 13%. 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.