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11B Whitfield Boulevard, Cranbourne West VIC 3977

$1,999,000 – $2,199,000

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$2M - $2.1M Transparent Transparent Listing Based on an openly advertised listing price.

Land 9 Beds 4 Baths 8 Cars 5 acres

Listed: 8 days ago

Updated: 10 hours ago

Overview

This rare acreage investment opportunity in the semi-rural locale of Cranbourne South offers a significant landholding of approximately five acres (20,223 sqm), featuring two existing dwellings that generate a solid gross rental income of $84,000 per annum. This substantial parcel of land combines the allure of expansive open space with an established income stream, making it particularly attractive for seasoned investors or those seeking to expand their portfolio with a ready rental asset.

The property's current dual dwelling setup provides immediate flexibility and income potential, eliminating the typical delay and investment required with vacant acreage. Generous space on the land invites consideration for future development, with the opportunity to add a third dwelling subject to council approvals. This prospect could elevate rental returns beyond $120,000 annually, offering the potential to significantly increase cash flow.

Approximately 20,223 sqm (around 5 acres) of versatile land delivering privacy and tranquility in a sought-after area.
Existing two dwellings with a combined monthly rental income of $7,000, equating to $84,000 annually.
Potential for a third dwelling subject to statutory approvals, opening avenues for enhanced income.
Spacious land enabling various lifestyle and investment pursuits in a peaceful yet accessible setting.

Positioned within reach of Cranbourne West’s amenities, schools, and arterial roads, the property balances semi-rural lifestyle benefits with convenient urban connectivity. It is ideal for investors seeking a hands-off, income-producing acreage asset with active tenancy and substantial future development potential. This offering represents a considered opportunity for those focused on long-term investment and growth in Melbourne’s expanding south-eastern corridor.

Local Market Insights

In Cranbourne West, 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 West 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.