24 Codrington Street, Cranbourne VIC 3977

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24 Codrington Street, Cranbourne VIC 3977

ACTIVITY ZONING ($700,000 - $750,000)

Search Band Search Visibility Band

$700k - $750k High Confidence Calculated based on strong search observations.

Land 3 Beds 1 Bath 1 Car 736 m²

Listed: 50 days ago

Updated: 35 days ago

Overview

Situated in the dynamic heart of Cranbourne, this 736 square metre allotment offers a rare and valuable development opportunity within the Activity Centre Zoning. Its prime location just moments away from High Street’s thriving shopping precinct provides an excellent foundation for multiple dwelling developments or mixed-use projects, subject to council approval.

The flexible zoning enables prospective developers or business owners to explore versatile options, potentially including the construction of up to five townhouses. Its proximity to commercial, retail, and medical facilities—including a neighboring medical practice—further underlines its strategic advantage, making it suitable not only for residential projects but also for professional suites or other commercial ventures.

With established amenities within immediate reach and situated in a rapidly growing corridor, this property appeals primarily to developers and investors seeking a centrally located site that promises strong community engagement and sustainable growth. The site’s generous dimensions and zoning flexibility make it a standout choice for those aiming to capitalise on Cranbourne’s expanding urban landscape.

Local Market Insights

In Cranbourne, Quiet Listings observed 6 new parcels of land entering the market over the last 30 days, down from 10 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 (5%). 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.