15 Walter Street, Cranbourne, Vic 3977-Image

For Sale

15 Walter Street, Cranbourne, Vic 3977

$1,150,000 - $1,250,000

Unit

Type

Bedrooms

Bathrooms

Parkings

867 m²

Area

Published on Wednesday, July 15, 2026 ( See property details for 15 Walter Street, Cranbourne, Vic 3977)

$1,150,000 - $1,250,000

View the agent price guide.

John Lauretta - Real Estate Agent - Finning First National - Cranbourne

John Lauretta Director - Sales Consultant Residential

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare investment opportunity in central Cranbourne offering three units on a substantial land parcel with strong rental income and development potential.

🏡 Property Highlights

Three units on one title generating approximately $68,100 per annum
Substantial 862m² allotment within the Residential Growth Zone – Schedule 2 (RGZ2)
Potential to subdivide or redevelop (STCA) for future growth
Prime central Cranbourne location close to shopping, transport, and schools
Exceptional land banking opportunity with strong rental income
First time offered in 44 years, offering rare investment prospects

✨ Key Features

Open-Plan Living
Built-in Robes
Garage
Outdoor Area
Waterfront / Views
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready
Extra Storage (Shed/Linen)
Fully fenced

Suburb and Property Insights of Cranbourne, VIC 3977

Cranbourne is a vibrant suburb renowned for its strong growth, excellent amenities, and convenient access to transport and education. It offers a thriving community atmosphere, proximity to shopping centres and parks, and significant future development prospects, making it an ideal location for investors and families alike.

Frequently Asked Questions

What is the current rental income and potential for future rent increases?

The current rental income is approximately $68,100 per annum, with potential for future rent increases depending on market conditions and improvements.

What are the zoning and development restrictions for this property?

The property is zoned Residential Growth Zone – Schedule 2 (RGZ2), with potential to subdivide or redevelop subject to council approval (STCA).

Are there any known planning or building restrictions on the land?

Development is subject to council approval, and any restrictions or easements should be verified with local planning authorities.

What are the nearby amenities and transport options?

The property is within walking distance to Cranbourne Park Shopping Centre, High Street shopping precinct, cafés, medical facilities, public transport, and Cranbourne Train Station.

Is there potential for future land value appreciation?

Yes, given its location within a high-demand growth zone and the potential for subdivision or redevelopment, future land value is expected to appreciate.

What to ask about this property to agent?

Are there any existing planning or building approvals for subdivision or redevelopment? Are there any easements, covenants, or restrictions on the land that could affect development plans? What are the council rates and any additional costs associated with the property? Are there any upcoming infrastructure projects or zoning changes in the area? Has the property been affected by any flooding or bushfire risks in the past? Are there any strata or body corporate fees applicable to the units? What is the condition of the existing structures and are there any known defects? Are there any planned or ongoing nearby construction activities that could impact the property? What are the terms of the current leases, and are there any lease renewal considerations? Is there any history of pest or environmental issues on the property?

15 Walter Street, Cranbourne, Vic 3977 - More Details

$1,150,000 - $1,250,000

Type: Unit
Bedrooms: 7
Bathrooms: 3
Parkings: 3
Area: 867 m²

Price guide

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15 Walter Street, Cranbourne, Vic 3977 - Point Of Interest

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