38 Averne Street, Cranbourne, VIC 3977 | House for sale | OnTheHouse
 
FOR SALE
$1,000,000 to $1,100,000

38 Averne Street
Cranbourne VIC 3977

Bedrooms: 4
Bathrooms: 4
Car spaces: 2
Land area: 1000m2
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An Exclusive Dual-Residence Portfolio with High-Yield Income & Future Growth Pot

Positioned on an impressive 1,000m� (approx.) allotment under one title, 38 Averne Street, Cranbourne presents an outstanding opportunity for investors, developers, multi-generational families or buyers seeking flexibility, income potential and exciting future possibilities.
The property currently comprises two fully self-contained, mirror-image residences, offering the versatility of dual living or two potential income streams while remaining together on a single title. Adding further appeal is the potential for future subdivision (STCA), creating an exciting opportunity for buyers looking to maximise the property's long-term potential.
Key Features:
-Future Subdivision Potential: Generous 1,000m� (approx.) allotment currently held under one title, offering potential for future subdivision (STCA)
-Two Self-Contained Residences: Two separate, mirror-image homes providing excellent flexibility for investment, extended family living or multiple generations
-Income Potential: An attractive opportunity to generate income from two separate residences within the one property
-Spacious Living: Each residence features a generous, light-filled living area flowing into a dedicated dining space
-Functional Kitchens: Well-designed kitchens with built-in pantry storage, generous cabinetry and full-size fridge space
-Bedrooms & Amenities: Each residence offers two generous bedrooms with built-in robes, serviced by a central bathroom with bathtub and separate WC
-Laundry & Storage: Dedicated internal laundry with convenient access to the rear yard
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Property Details for 38 Averne St, Cranbourne

38 Averne St, Cranbourne is a 4 bedroom, 4 bathroom House with 2 parking spaces. The property has a land size of 1000m2. The place is currently for sale with LJ Hooker Dandenong City.

Building Type
House
Land Size
1000m2
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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 10,961 properties. Over the last 5 years, Houses in Cranbourne have seen a 16.26% increase in median value, while Units have seen a 20.20% increase. As at 31 August 2026:

  • The median value for Houses in Cranbourne is $747,378 while the median value for Units is $531,779.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 63 properties listed for sale, and 28 properties listed for rent in Cranbourne on OnTheHouse. According to Cotality's data, 478 properties were sold in the past 12 months in Cranbourne.

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Rohullah Paykari
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Muntazir Hussaini
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LJ Hooker Dandenong City
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