16 Mayfield Road, Cranbourne East, VIC 3977 | Land for sale | OnTheHouse
 
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16 Mayfield Road
Cranbourne East VIC 3977

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1.38ha
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Prime Residential Development Holding 1.38Ha (Approx. 3.4 Acres)

Located in the heart of one of Melbourne's fastest-growing south-eastern corridors, this substantial landholding of approximately 1.38 hectares (13,800m / 3.4 acres) presents a rare and compelling opportunity for developers, investors or strategic land bankers.
Already zoned General Residential Schedule 1 (GRZ1) and surrounded by established and emerging residential estates, the site is perfectly positioned for immediate residential development (STCA) or long-term capital growth in a high-demand location.
With strong surrounding infrastructure, proven buyer and rental demand, this is a blue-chip development proposition in a tightly held precinct.
Key Highlights:
Approx. 1.38Ha / 13,800m / 3.4 acres of prime residential land
General Residential Zone Schedule 1 (GRZ1)
Positioned amongst established and growing residential estates
Ideal for residential subdivision or redevelopment (STCA)
Equally suited to investors or land bankers seeking future upside
Strategic Location Advantages:
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Property Details for 16 Mayfield Rd, Cranbourne East

Building Type
Land
Land Size
1.38ha
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About Cranbourne East 3977

The size of Cranbourne East is approximately 13.4 square kilometres. There are 35 parks, covering nearly 9.1% of the total area. The population of Cranbourne East in 2016 was 16195 people. By 2021 the population was 24679 showing a population growth of 52.4% in the area during that time. The predominant age group in Cranbourne East is 30-39 years. Households in Cranbourne East are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cranbourne East work in a trades occupation.In 2021, 71.30% of the homes in Cranbourne East were owner-occupied compared with 76.70% in 2016.

Cranbourne East has 10,996 properties. Over the last 5 years, Houses in Cranbourne East have seen a 10.93% increase in median value, while Units have seen a 19.49% increase. As at 31 August 2026:

  • The median value for Houses in Cranbourne East is $781,673 while the median value for Units is $552,371.
  • Houses have a median rent of $600 while Units have a median rent of $530.
There are currently 121 properties listed for sale, and 43 properties listed for rent in Cranbourne east on OnTheHouse. According to Cotality's data, 499 properties were sold in the past 12 months in Cranbourne east.

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Darren Saxon
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LJ Hooker Cranbourne
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