43 Bowen Street, Cranbourne, VIC 3977 | House for sale | OnTheHouse
 
FOR SALE
AUCTION | $590,000 - $640,000

43 Bowen Street
Cranbourne VIC 3977

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Land area: 615m2
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Auction Time
Sat 22 Aug 12:00 pm
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Prime 615m2 Opportunity with Subdivision Potential (STCA)

Opportunities like this are becoming increasingly difficult to secure. Set on a generous 615m2 (approx.) allotment in one of Cranbourne's most convenient pockets and its activity zone, 43 Bowen Street offers endless potential for renovators, investors, developers and those looking to create something truly special.
While the home could benefit from a little TLC, it provides solid foundations with three bedrooms, a spacious living area, a functional kitchen and meals zone, central bathroom and a huge rear rumpus room that offers flexibility as a second living area, home office or games room. Whether you choose to renovate and modernise, lease it while you plan, or start fresh, the possibilities here are extensive.
One of the standout features is the exceptional vehicle accommodation. A lengthy driveway, oversized carport and substantial double garage/workshop provide space for up to four vehicles, making it ideal for tradies, car enthusiasts, or anyone needing secure storage for trailers, caravans or equipment.
The real value, however, lies in the land. Boasting a generous 615m2 (approx.) rectangular allotment with approximately 15.3 metres of frontage, this property presents an exciting opportunity to explore subdivision or redevelopment potential (Subject to Council Approval). With demand continuing to grow for quality development sites in established locations, this is an opportunity to secure today while planning for tomorrow.
Location is another major advantage. Positioned within easy walking distance or a short drive to Cranbourne Park Shopping Centre, quality primary and secondary schools, childcare centres, public transport, medical facilities, sporting reserves and local parks, you'll enjoy the convenience of having everything you need close by. Easy access to the South Gippsland Highway and major arterial roads also makes commuting simple.
Whether you're searching for your next renovation project, a land banking opportunity, a future development site or an investment with outstanding upside, 43 Bowen Street represents exceptional value in a tightly held location.
Bring your vision, roll up your sleeves, and unlock the enormous potential this property has to offer. Opportunities with this much land, outstanding parking and future possibilities don't come along every day.
The information provided in this advertisement is for general guidance only and does not constitute any representation by the vendor or agent. While every effort has been made to ensure accuracy, no warranty is given and interested parties must rely on their own enquiries. All measurements, descriptions, photos, floor plans and site plans are approximate and for representational purposes only. The property may be withdrawn or its details changed at any time without notice. Prospective purchasers are advised to conduct their own due diligence and refer to the Consumer Affairs Victoria Due Diligence Checklist prior to making any purchase decision.
https://www.consumer.vic.gov.au/housing/buying-and-selling-property/checklists/due-diligence
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Property Details for 43 Bowen St, Cranbourne

43 Bowen St, Cranbourne is a 3 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 615m2. The place is currently for sale with Ray White Cranbourne.

Building Type
House
Land Size
615m2
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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, 518 properties were sold in the past 12 months in Cranbourne.

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Metin Aziret
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Rukhsara Hashemi
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Ray White Cranbourne
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