Lot 61 - Lily Banks - Cranbourne East

Description

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Cranbourne East is a rapidly growing residential suburb located about 45 km south-east of Melbourne’s Central Business District in the City of Casey local government area. It has become one of Melbourne’s major growth corridors, with a population of around 24,600 residents and continuing development of housing estates and community facilities.

The suburb is known for its family-friendly environment, modern housing estates, and access to schools, parks, and shopping areas. Many young families and first-home buyers move to Cranbourne East because property prices are generally more affordable compared with inner Melbourne suburbs. Large homes with multiple bedrooms are common, reflecting the suburb’s strong appeal to growing families.

Cranbourne East also offers several amenities and recreational facilities. The Casey Complex and Casey RACE (Recreation and Aquatic Centre) provide sports grounds, a gym, and aquatic facilities including a 50-metre swimming pool. The suburb is close to major attractions such as the Royal Botanic Gardens Cranbourne and shopping centres in nearby Cranbourne.

In terms of transport, the area is mainly car-dependent, although buses connect residents to nearby train stations and surrounding suburbs. Future infrastructure projects, including a planned extension of the Cranbourne rail line toward Clyde, are expected to improve public transport access and support the suburb’s ongoing growth

• Property Type: Prestige House & Land
• Property Stage: N/A
• Price: $ 696,671.00
• Land Price: $ 335,500.00
• Build Price: $ 361,171.00
• Beds: 3
• Bath: 2
• Garage: 1
• Storey: 1
• Study: N/A
• Power Rooms: N/A
• MPR: N/A
• Powder Room: N/A
• Balcony: N/A
• Floor Plan: N/A
• Completion: N/A
• Land Size: 196
• Area Size: 112.19
• Year Built: N/A
• Est. Rates: N/A
• Est. Rent PW: 608.00
• Est. Body Corp.: N/A
• Title Status: N/A
• Gross Per Week: $ 608.00
• Gross Per Annum: $ 28,600.00
• Gross Yield: 4.54%
• Capital Growth 12 Months: -0.73%
• Capital Growth 10 Year Annualised: 6.76%
• Vacancy Rate: 0.75%