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38 Averne Street, Cranbourne$1.18m
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For Salehouse

38 Averne Street

Cranbourne, VIC 3977, Australia
$1.13m – $1.23m
4 bed 2 bath 8 car1044 m²

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About this property

Versatile, profitable and hugely exciting, this is an incredible opportunity for savvy investors and developers. One of the last remaining large parcels of premium land of 1044m2 in the absolute heart of Cranbourne with a wide range of endless opportunities for varied uses, Utilise the existing 2 units or subdivide the whole land (STCA), or knockdown and rebuild a luxury family home with plenty of room for a pool; the choice is yours. Investors or developers can build up to 8 townhouse on this land subject to council approvals. An increasingly rare, large parcel offering an exciting project and opportunity; positioned in the central business district just minutes walk to the train station, cranbourne Market and cranbourne Plaza. Easy access to south gippsland hwy and western port Freeways to have people on their way in next to no time. Currently tenanted both units and generating Approx. $2500 a month Call us today and secure this amazing opportunity! Jaz Masuta 0404208834 Sunny Lubana 0433906382

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
4
Bathrooms
2
Parking
8
Land Area
1044 m²
Listed
3 months ago

Repayment calculator

$5,696/month
$2,848 /fortnight
Loan $940,000 at 6.10% over 30 years

Upfront costs

Deposit$235,000
Stamp duty$64,625
Conveyancing (est.)$2,000
Total upfront$301,625
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Cranbourne

This 4-bedroom house in Cranbourne, VIC 3977 sits within reach of public transport, local shops and nearby schools. It is listed 57% above the $750,000 median of 44 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

  • Milojevic Ct/South Gippsland Hwy (bus)594 m away
  • Sharp's Floorworld630 m away
  • Unnamed199 m away
  • Fenfield Street Reserve312 m away
  • Unnamed736 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 4 bed

Compound growth +1.6% / yr over 4 yrs

$785kcurrent median

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Price history

Price history

Listing price changes

1 price change recorded for this property

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