38 Mayfield Road, Cranbourne East, VIC 3977 | House for sale | OnTheHouse
 
FOR SALE
$2,200,000-$2,420,000 Development Opportunity

38 Mayfield Road
Cranbourne East VIC 3977

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Land area: 7371m2
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A Rare Lifestyle & Development Opportunity (GRZ1 Zone)

Seize the opportunity in one of Melbourne's fastest-growing corridors with this exceptional property! Located in the coveted GRZ1 zoning area, 38 Mayfield Rd, Cranbourne East is a goldmine for developers, investors, and land bankers.
The existing home offers comfortable and practical family living, featuring 4 well-sized bedrooms and 2 bathrooms, making it ideal for growing families or investors. Multiple living areas provide plenty of space for relaxation, entertaining, or creating separate zones for family members. The layout is designed for convenience and everyday comfort, with generous natural light flowing throughout the home.
Outside, the property also includes a large shed that can be used for secure car parking, additional storage, or a workshop space, adding great functionality to the property. With ample space both inside and out, this home offers a perfect blend of comfort, versatility, and lifestyle.
Why 38 Mayfield Rd ?
1.Expansive Land
This expansive 7371 sqm (approx.) of flat land offers you a rare canvas to bring your visionary projects to life.
2. Strategic Investment in GRZ1 Zoning
Positioned perfectly in a high-growth area, the site is primed for future development and significant capital gains (STCA). This zoning magnifies the property's potential, allowing more flexible development options.
3.Prime Location for Every Convenience
Minutes away from top schools, bustling shopping centers, efficient transport networks, and major arterials, walking distance to Casey Fields Ground ,it's the perfect starting point for your next big venture.
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Property Details for 38 Mayfield Rd, Cranbourne East

38 Mayfield Rd, Cranbourne East is a 4 bedroom, 2 bathroom House. The property has a land size of 7371m2. The place is currently for sale with Raine & Horne Cranbourne.

Building Type
House
Land Size
7371m2
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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 11,029 properties. Over the last 5 years, Houses in Cranbourne East have seen a 13.20% increase in median value, while Units have seen a 24.78% increase. As at 31 July 2026:

  • The median value for Houses in Cranbourne East is $790,448 while the median value for Units is $576,283.
  • Houses have a median rent of $600 while Units have a median rent of $530.
There are currently 100 properties listed for sale, and 40 properties listed for rent in Cranbourne east on OnTheHouse. According to Cotality's data, 518 properties were sold in the past 12 months in Cranbourne east.

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Manjit Singh
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Vinay K
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Raine & Horne Cranbourne
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