31 Marklin Street
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About this property
CRANBOURNE: Opportunities like this are few and far between. Set in a well-established pocket of Cranbourne, 31 Marklin Street presents an outstanding investment and development opportunity with approved plans (STCA) for three units. Better still, the property is currently leased, providing an immediate rental income while you plan your next project. Whether you're a seasoned developer, savvy investor, or land banker looking to secure a premium site in a thriving growth corridor, this property ticks all the right boxes. Enjoy the benefit of holding a tenanted property while taking advantage of the approved development potential. The existing home offers comfortable accommodation with four generous bedrooms, a separate study, a spacious living area, a functional kitchen with ample storage, a central bathroom, separate laundry, and a large covered alfresco area, making it an appealing rental property with strong tenant demand. Main Features of the Property: Approved plans (STCA) for three units Currently leased immediate rental return Four spacious bedrooms Separate study/home office Functional kitchen with ample storage Spacious living area Central family bathroom Separate laundry Covered alfresco entertaining area Excellent redevelopment, investment, or land banking opportunity Conveniently positioned close to all essential amenities, including: Cranbourne Shopping Centre and High Street Cranbourne Train Station Primary and secondary schools Childcare centres Medical facilities and Casey RACE Parks, reserves and sporting facilities Easy access to South Gippsland Highway, Thompsons Road and Western Port Highway Whether your strategy is to develop immediately, hold for future capital growth, or enjoy a secure rental income while preparing for redevelopment, this property offers flexibility, convenience, and enormous potential in one of Melbourne's most sought-after growth corridors. A property with income today and possibilities for tomorrowthis is an opportunity not to be missed. PHOTO ID REQUIRED AT ALL INSPECTIONS Every care has been taken to verify the accuracy of the information contained in this advertisement; however, we cannot guarantee its correctness. Prospective purchasers are advised to make their own enquiries and satisfy themselves regarding all aspects of the property.
Property Details
- Property Type
- house
- Listing Type
- For Sale
- Bedrooms
- 3
- Bathrooms
- 1
- Parking
- 1
- Listed
- 2 weeks ago
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Neighbourhood
Living in Cranbourne
This 3-bedroom house in Cranbourne, VIC 3977 sits within reach of public transport, local shops and nearby schools. It is listed 10% below the $733,950 median of 67 comparable houseswithin 5 km.
Schools near Cranbourne
- Lighthouse Christian College Cranbournecombined · Prep-12 · CoEd
- Cranbourne Carlisle Primary Schoolprimary · Prep-6 · CoEd
- Cranbourne Park Primary Schoolprimary · Prep-6 · CoEd
- Cranbourne Primary Schoolprimary · Prep-6 · CoEd
- Cranbourne West Primary Schoolprimary · Prep-6 · CoEd
- Rangebank Primary Schoolprimary · Prep-6 · CoEd
What's nearby
- Grace St/High St (bus) — 735 m away
- The Tyre Factory — 386 m away
- Unnamed — 434 m away
- Unnamed — 489 m away
- Unnamed — 674 m away
Cranbourne at a glance
Full suburb profile- Population
- 21,281
- Median age
- 35
- Household income
- $1,477/wk
- Median rent
- $342/wk
- Median mortgage
- $1,627/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Cranbourne price trend
Median sold · House 3 bed
Compound growth +2.7% / yr over 4 yrs
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Price history
Listing price changes
1 price change recorded for this property
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