A CORNER OF OPPORTUNITY – RENOVATE, INVEST OR CREATE SOMETHING SPECIAL!

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155 Narre Warren Road, Cranbourne VIC 3977

$660,000 - $720,000

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$660k - $693k Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 1 Bath 2 Cars 597 m²

Listed: yesterday

Overview

Located on a commanding corner allotment at the intersection of Loch Street and Narre Warren Road, this property offers a rare opportunity with approximately 600 square metres of land in a well-established Cranbourne area. The existing home, featuring three to four bedrooms with a flexible fourth room ideal for use as an office, is positioned to take advantage of the two street frontages.

This property will appeal to a variety of buyers seeking potential. For the hands-on renovator or first-home buyer, it presents a chance to personalise and modernise an older home, creating a comfortable and stylish residence. Investors may value the land banking opportunity in a stable neighborhood with long-term growth prospects. Builders or developers will note the dual street access and corner positioning as a noteworthy prospect for future development, subject to council approval.

Renovate the existing home to tailor the living space to your lifestyle.
Explore the development potential offered by the prominent corner positioning and dual street frontages (STCA).
Invest and hold the property with consideration for future neighborhood growth.
Add value through imaginative renovation or redevelopment plans, utilising the versatile land parcel.

The location offers excellent connectivity to shopping centres, schools, public transport routes, medical facilities, parks and recreational areas, making daily life both convenient and efficient. Furthermore, easy access to Narre Warren Road ensures straightforward travel within the south-eastern suburbs.

Overall, this property is not only about what currently exists, but the possibilities it holds for the future. The combination of land size, corner position, and quiet locale makes it a noteworthy prospect for buyers with varied visions, from making a lovely family home to capitalising on development or investment opportunities.

Prospective buyers are encouraged to undertake due diligence concerning council approvals and planning controls relating to future development possibilities.

Local Market Insights

In Cranbourne, Quiet Listings observed 178 new houses entering the market over the last 30 days, up from 128 during the previous 30-day period, with an average advertised asking price of $867,756. The property type mix of listed properties is predominantly Houses at 88%, followed by units (4%), and land (3%). The most active agency for houses in the Cranbourne area is currently Donovan Real Estate, representing 15% of new listings, followed by Ray White 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.