42 Cochrane Street, Cranbourne, VIC 3977 | House for sale | OnTheHouse
 
FOR SALE
$810,000 - $880,000

42 Cochrane Street
Cranbourne VIC 3977

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 679m2
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Approved Development Opportunity: 4 Individual-Title Townhouses in the Heart of Cranbourne

Secure this exceptional, council-approved development site in the heart of Cranbourne. Set on a 679m² corner allotment, this property comes with working and engineering drawings already completed, allowing for the construction of four individually titled townhouses on a single title.
The existing dwelling remains on-site, currently generating rental income and offering flexibility for staged development—ideal for builders, developers, and investors looking for a low-risk, high-return project.
Key Features:
Approved Plans: Council-approved designs for 4 modern townhouses, each with its own title (no owners corporation or strata fees).
Existing Home: Option to retain for income or demolish to unlock the site’s full development potential.
Prime Location: Walking distance to Cranbourne Train Station, Cranbourne Park Shopping Centre, local cafés, schools, parks, and public transport.
Education: Close to St Agatha’s Primary and St Peter’s College.
Connectivity: Quick access to the South Gippsland Highway and M1 Freeway via Sladen Street.
Infrastructure Growth: Major upgrades underway including Thompsons Road and Clyde–Five Ways Road intersections, plus the proposed extension of the Cranbourne rail line to Clyde—ensuring long-term value uplift.
Flexible Development Options:
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Property Details for 42 Cochrane St, Cranbourne

42 Cochrane St, Cranbourne is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 679m2. The place is currently for sale with Cassimaty Property Group.

Building Type
House
Land Size
679m2
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About Cranbourne 3977

The size of Cranbourne is approximately 16.5 square kilometres. It has 47 parks covering nearly 40.2% of 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 10,960 properties. Over the last 5 years, Houses in Cranbourne have seen a 37.34% increase in median value, while Units have seen a 39.61% increase. As at 30 November 2025:

  • The median value for Houses in Cranbourne is $753,732 while the median value for Units is $530,499.
  • Houses have a median rent of $535 while Units have a median rent of $480.
There are currently 50 properties listed for sale, and 25 properties listed for rent in Cranbourne on OnTheHouse. According to Cotality's data, 549 properties were sold in the past 12 months in Cranbourne.

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Andrew Cassimaty
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Brodie Varenhout
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Cassimaty Property Group
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