Overview
|Property ID: LA-15713
Description
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Cranbourne is a major residential suburb located about 43 km southeast of Melbourne’s CBD within the City of Casey, known for its rapid growth, family-friendly communities, and mix of established areas and modern housing estates. The suburb offers strong amenities, including the large Cranbourne Park Shopping Centre, a range of schools, sports facilities at Casey Fields, and one of its most iconic attractions—the Royal Botanic Gardens Cranbourne, home to the renowned Australian Garden. Cranbourne has a long history dating back to early European settlement in the 1800s and remains well-known for its racing and training facilities at the Cranbourne Racecourse.
With convenient access via the South Gippsland Highway and proximity to public transport links, the suburb attracts first-home buyers, families, and those looking for more affordable living compared to inner Melbourne. It provides a balance of green spaces, community facilities, and growing infrastructure, making it a popular choice for residents seeking value and lifestyle in Melbourne’s southeast.
Additional Details
- Property Type: Prestige House & Land
- Property Stage: N/A
- Price: $ 791,720.00
- Land Price: N/A
- Build Price: N/A
- Beds: 4
- Bath: 2
- Garage: 2
- Storey: 1
- Study: N/A
- Power Rooms: 1
- MPR: N/A
- Powder Room: 1
- Balcony: 1
- Floor Plan: Trentino
- Completion: N/A
- Land Size: 331
- Area Size: 184.40
- Year Built: N/A
- Est. Rates: N/A
- Est. Rent PW: 600.00
- Est. Body Corp.: N/A
- Title Status: N/A
- Gross Per Week: $ 600.00
- Gross Per Annum: $ 31,200.00
- Gross Yield: 3.94%
- Capital Growth 12 Months: -0.73%
- Capital Growth 10 Year Annualised: 6.76%
- Vacancy Rate: 0.75%
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