143 Narre Warren Road, Cranbourne, VIC 3977 | House for sale | OnTheHouse
 
FOR SALE
$690,000 - $759,000 | 6.1% Yield

143 Narre Warren Road
Cranbourne VIC 3977

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 632m2
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Exceptional Multi-Dwelling Opportunity with Endless Potential

Set on a substantial allotment in a highly convenient Cranbourne location, this unique property offers an incredibly versatile lifestyle with two self-contained residences and a separate studio building, making it an outstanding opportunity for extended families, savvy investors or buyers seeking flexible living arrangements.
The main residence offers three generous bedrooms, a central bathroom, separate laundry and an expansive open-plan living and dining zone complemented by a well-appointed kitchen. Split system heating and cooling, comfortable family spaces and a covered outdoor entertaining area create an inviting home ready to enjoy, while offering scope to add further value over time.
Privately positioned away from the main home, the second dwelling provides independent accommodation complete with a spacious bedroom, bathroom, open-plan kitchen and living area, and a welcoming front veranda. Adding even more flexibility is a separate studio building comprising three individual rooms, ideal for those working from home, running a business, pursuing hobbies or requiring additional storage (STCA).
Conveniently located within moments of Cranbourne Park Shopping Centre, schools, public transport, medical facilities and easy access to major arterial roads, this is a rare opportunity to secure a property offering exceptional versatility, income potential and future possibilities in one of Cranbourne's most accessible locations.
Lease Details -
1/143 Narre Warren Rd:
$530 p/w
Fixed term lease with end date of 13 October 2026
2/143 Narre Warren Rd:
$350 p/w
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Property Details for 143 Narre Warren Rd, Cranbourne

143 Narre Warren Rd, Cranbourne is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 632m2. The place is currently for sale with OBrien Real Estate Frankston.

Building Type
House
Land Size
632m2
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About Cranbourne 3977

The size of Cranbourne is approximately 16.5 square kilometres. There are 47 parks, covering nearly 40.2% of the total area. The population of Cranbourne in 2016 was 20094 people. By 2021 the population was 21281 showing a population growth of 5.9% in the area during that time. The predominant age group in Cranbourne is 30-39 years. Households in Cranbourne are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cranbourne work in a trades occupation.In 2021, 63.50% of the homes in Cranbourne were owner-occupied compared with 66.20% in 2016.

Cranbourne has 10,964 properties. Over the last 5 years, Houses in Cranbourne have seen a 19.95% increase in median value, while Units have seen a 21.29% increase. As at 31 July 2026:

  • The median value for Houses in Cranbourne is $761,375 while the median value for Units is $535,033.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 61 properties listed for sale, and 33 properties listed for rent in Cranbourne on OnTheHouse. According to Cotality's data, 523 properties were sold in the past 12 months in Cranbourne.

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Luke Magree
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Riley Kidman
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OBrien Real Estate Frankston
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