31 Marklin Street, Cranbourne, VIC 3977 | House for sale | OnTheHouse
 
FOR SALE
$629,000-$689,000

31 Marklin Street
Cranbourne VIC 3977

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
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Develop Today or Invest for Tomorrow – STCA Approved for Three Units!

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
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Property Details for 31 Marklin St, Cranbourne

31 Marklin St, Cranbourne is a 3 bedroom, 1 bathroom House with 1 parking spaces. The place is currently for sale with Area Specialist Casey.

Building Type
House
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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 10,972 properties. Over the last 5 years, Houses in Cranbourne have seen a 23.55% increase in median value, while Units have seen a 25.70% increase. As at 30 June 2026:

  • The median value for Houses in Cranbourne is $770,782 while the median value for Units is $539,792.
  • Houses have a median rent of $550 while Units have a median rent of $493.
There are currently 66 properties listed for sale, and 34 properties listed for rent in Cranbourne on OnTheHouse. According to Cotality's data, 521 properties were sold in the past 12 months in Cranbourne.

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Hardeep Singh
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Ankita Sehgal
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Area Specialist Casey
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