40 Mayfield Road, Cranbourne East, VIC 3977 | AcreageSemi-rural for sale | OnTheHouse
 
FOR SALE
$2,600,000 to $2,750,000

40 Mayfield Road
Cranbourne East VIC 3977

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Land area: 7358m2
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Reward Yourself With The Huge Future Development Opportunity!

An amazing opportunity like this doesn't come that often!
Cranbourne East is one of South East's well-known suburbs which offers great connectivity within the township & has outstanding facilities including Casey Fields sports and recreation precinct, CASEY Race swimming & fitness centre, Cranbourne Park Shopping Centre, and reputed public and private schools including Cranbourne East Primary & Secondary College, Casey Grammer, and St Peters to name a few. Monash Fwy, South Gippsland Hwy, Westernport Hwy, and Cranbourne Train Station are within easy reach.
This property represents a fantastic proposition with the current General Residential Zone Schedule 1 and the possibility for low/medium density housing - Collison Estate Development Plan. This prime development site (S.T.C.A) is an excellent consideration for the astute developer/investor with a tenant currently in residence providing immediate returns whilst development plans are getting finalised for the Collison Estate, which is already in the advanced stage with the City of Casey.
The draft Development Plan provides guidance for future development and planning permit applications in the Collison Estate. Future development of Collison Estate includes up to 1,700 residential allotments, a local activity centre, a community centre, non-residential uses in a residential zone and open space networks. Once the development plan is approved, future planning permit applications are exempt from public notice under the Casey Planning Scheme.
Contact Rick or Lin today for more information or to arrange a private inspection!
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Property Details for 40 Mayfield Rd, Cranbourne East

40 Mayfield Rd, Cranbourne East is a 3 bedroom, 1 bathroom AcreageSemi-rural with 4 parking spaces. The property has a land size of 7358m2. The place is currently for sale with Your Expert Real Estate.

Building Type
AcreageSemi-rural
Land Size
7358m2
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About Cranbourne East 3977

The size of Cranbourne East is approximately 13.4 square kilometres. It has 35 parks covering nearly 9.1% of 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 10,816 properties. Over the last 5 years, Houses in Cranbourne East have seen a 31.98% increase in median value, while Units have seen a 39.35% increase. As at 30 November 2025:

  • The median value for Houses in Cranbourne East is $798,894 while the median value for Units is $569,620.
  • Houses have a median rent of $590 while Units have a median rent of $515.
There are currently 96 properties listed for sale, and 36 properties listed for rent in Cranbourne east on OnTheHouse. According to Cotality's data, 527 properties were sold in the past 12 months in Cranbourne east.

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