54 Lyall Street

Set on a generous 721sqm (approx.) corner allotment in the thriving heart of Cranbourne, this charming weatherboard residence offers a rare and exciting development opportunity, with potential for two substantial double-storey townhouses (STCA). The property presents exceptional future potential for builders, developers, or savvy investors. Perfectly positioned near quality schools, local shops, public transport, and essential amenities, this high-exposure site ensures lifestyle convenience and long-term growth. Whether you're looking to develop, invest, or landbank, this property is brimming with possibilities. Residing within a mixed-use Activity Centre Zone (ACZ) and benefiting from a convenient dual frontage, the property is perfect for astute developers, providing scope for residential, retail, commercial or community plans (STCA). Alternatively, transform the home to reflect modern trends, enjoy its vintage appeal and sizeable backyard or lease it out with ease. The location couldn't be better for convenience seekers and young families, placing Cranbourne Park Shopping Centre, Cranbourne Primary School and Cranbourne Secondary College within a short walk, while prestigious Casey Grammar, Chisholm TAFE, local buses and Casey Stadium can also be reached on foot. Close to Cranbourne Station and the South Gippsland Highway, it's ideal for city commuters, plus there's access to the popular Casey Fields sporting complex, Hunt Club Village and St Peter's College. In its current form, the property features original hardwood floors, elevated ceilings and intricate cornices throughout, revealing a huge light-filled living room that flows to a flexible dining space and functional fitted kitchen. The three bedrooms are larger than average and incorporate a selection of built-in robes, sharing the full family bathroom and a separate w/c. Notable finishing touches include a versatile rear studio that could be transformed into self-contained living quarters, ducted heating, laundry facilities, a freestanding electric oven and off-street parking. Presenting a world of opportunity for a wide range of buyers, this traditional family home awaits its next chapter in a location that's growing fast. Property highlights: Sizeable 721sqm corner block (approx.) with dual frontage Walk to shops, schools, TAFE, buses and nearby parks Close to train station, sporting complex and major roads Lucrative opportunity for investors and developers Three-bedroom home with large rooms and generous yard Light-filled living room, kitchen with electric oven, bathroom Heating throughout, standalone studio, off-street parking DISCLAIMER: The measurements provided of the land and / or property may not be 100% accurate. In order to satisfy yourself of the exact dimensions of the property / land / or of each room, we advise you to conduct your own measurements and / or engage the services of a licensed surveyor. Responsibility for any omissions or errors contained herein is expressly denied.