24 Collison RoadCranbourne East VIC 3977
Property Details for 24 Collison Rd, Cranbourne East
Last Listing description (January 2024)
A rare opportunity not to be missed!
Lifestyle and prime location are at the core of this wonderful property positioned over 1.8 acres (7585m2 approx.), offering an exceptional land banking opportunity for astute developers and investors. Situated in General Residential Zoning, in one of the fastest-growing Southeast suburbs, this property is a great candidate for subdivision and development (STCA).
Being within a very close vicinity to multiple schools (Primary, Secondary and P-12), sporting precincts, multiple different shopping and food outlets and medical centres, making money on this is not a matter of if but when!
The house itself comprises three bedrooms and one bathroom. Outside has a pergola along the side of the house with a massive shed and a large backyard. There are only a very limited amount of opportunities with land like this left in Cranbourne East.
- Site is approx. 7585 m2
- Prime future development potential
- Close to all essential amenities
- Estimated rental return (existing house) - $450 Per Week
This is a fantastic opportunity to get your hands on a property that is truly going to make you wealthy bank so don't miss out and get in quick. Call Nitin Bhatia on 0432 426 688 or Guru Hayer 0433 321 603 for an inspection now.
**PHOTO ID REQUIRED AT ALL INSPECTIONS**
DISCLAIMERS: Every precaution has been taken to establish the accuracy of the above information, however, it does not constitute any representation by the vendor, agent or agency. Our floor plans are for representational purposes only and should be used as such. We accept no liability for the accuracy or details contained in our floorplans.
Property History for 24 Collison Rd, Cranbourne East, VIC 3977
- 07 Nov 2023Sold for $2,000,000
- 10 May 2023Listed for Rent $500 / week
- 01 Mar 2023Listed for Sale $2,175,000 - $2,275,000
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0About Cranbourne East 3977
The size of Cranbourne East is approximately 13.4 square kilometres. It has 35 parks covering nearly 9.1% of total area. The population of Cranbourne East in 2011 was 8,210 people. By 2016 the population was 16,181 showing a population growth of 97.1% in the area during that time. The predominant age group in Cranbourne East is 30-39 years. Households in Cranbourne East are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cranbourne East work in a trades occupation. In 2011, 77% of the homes in Cranbourne East were owner-occupied compared with 76.7% in 2016.
Cranbourne East has 10,559 properties. Over the last 5 years, Houses in Cranbourne East have seen a 35.47% increase in median value, while Units have seen a 25.45% increase. As at 31 August 2024:
- The median value for Houses in Cranbourne East is $754,288 while the median value for Units is $496,701.
- Houses have a median rent of $560 while Units have a median rent of $500.
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