FOR SALE
$889,000-$939,000

20 Lyall Street
Cranbourne VIC 3977

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Land area: 849m2
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Astute Investors amazing opportunity with plan and permits for 5 town houses.

I’m thrilled to present an exceptional investment opportunity at 20 Lyall Street, Cranbourne VIC 3977. Situated in Zone 1 close to all amenities and Cranbourne park shopping center on approximately 849 square meters of land, this property boasts a spacious 3-bedroom house with 1-bathroom, generous living areas, and a kitchen meals area.
Convenience is key with this property. It’s just a stone’s throw away from a bus stop, offering easy access to transport. You’ll also find Cranbourne Shopping Centre and schools within comfortable walking distance, making it incredibly convenient for everyday living.
For savvy investors, this property comes with approved plans and permits for 5 townhouses, allowing you to maximize its potential and capitalize on the burgeoning demand for housing in this desirable area.
Currently, the property is tenanted to lovely tenants who pay $400 per week, providing a steady rental income stream from day one.
This is a perfect opportunity for investors looking to expand their portfolio or enter the lucrative property development market. With plans and permits already in place, you can hit the ground running and start seeing returns immediately.
Don’t miss out on this rare opportunity to secure a prime piece of real estate with both immediate rental income and substantial future development potential. Whether you’re looking for a solid rental investment or to capitalize on development opportunities, 20 Lyall Street, Cranbourne VIC 3977, offers it all.
Contact us today for more information.
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Property Details for 20 Lyall St, Cranbourne

20 Lyall St, Cranbourne is a 3 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 849m2. The place is currently for sale with Dons Premier Estate Agents.

Building Type
House
Land Size
849m2

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About Cranbourne 3977

The size of Cranbourne is approximately 16.5 square kilometres. It has 47 parks covering nearly 40.2% of total area. The population of Cranbourne in 2011 was 18,621 people. By 2016 the population was 20,090 showing a population growth of 7.9% in the area during that time. The predominant age group in Cranbourne is 0-9 years. Households in Cranbourne are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cranbourne work in a trades occupation. In 2011, 69.2% of the homes in Cranbourne were owner-occupied compared with 66.2% in 2016.

Cranbourne has 10,781 properties. Over the last 5 years, Houses in Cranbourne have seen a 36.30% increase in median value, while Units have seen a 35.79% increase. As at 31 July 2024:

  • The median value for Houses in Cranbourne is $695,902 while the median value for Units is $488,386.
  • Houses have a median rent of $500 while Units have a median rent of $460.
There are currently 55 properties listed for sale, and 32 properties listed for rent in Cranbourne on OnTheHouse. According to CoreLogic's data, 438 properties were sold in the past 12 months in Cranbourne.

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Lushan Dons
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Mahesh Atapattu
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Dons Premier Estate Agents
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