15 Belmar St, Cranbourne is a 3 bedroom, 1 bathroom House with 3 parking spaces and was built in 1984. The property has a land size of 604m2 and floor size of 105m2. While the property is not currently for sale or for rent, it was last sold in May 2026. There are other 3 bedroom House sold in Cranbourne in the last 12 months.
Located in one of Cranbournes most sought-after pockets, 15 Belmar Street presents a versatile opportunity for savvy investors and growing families alike. This charming three-bedroom residence is situated on a generous 604m (approx.) allotment, offering immediate rental income and significant future upside.
The property currently features a well-maintained home with a reliable long-term tenant in place, making it an ideal "set and forget" addition to a property portfolio. For those looking to maximize value, the property comes with the standout advantage of approved plans for a second dwelling, allowing for a dual-occupancy development that can significantly increase the yield and equity of the site.
Whether you are looking to secure your first home in a high-growth suburb or seeking a development project with the hard work of planning already done, this property offers a rare combination of stability and potential.
Key Features:
- Property Type: 3-Bedroom, 1-Bathroom House.
- Parking: Ample space with accommodation for up to 3 cars.
- Land Size: Substantial 604 m block.
- Development Ready: Comes with Council Approved Plans for a second dwelling at the rear.
- Investment Potential: Currently tenanted with a "great tenant," providing immediate rental returns.
- Prime Location: Situated in a highly sought-after area of Cranbourne, close to local amenities, schools, and transport.
- Versatility: Perfect for investors looking to sub-divide, or families wanting a large block with future options.
PLEASE NOTE:
**The property is currently under a periodic tenancy**
**Images used in this marketing campaign were taken during the propertys previous campaign in 2021 and may show different staging or minor cosmetic changes. Buyers are advised to conduct their own inspection to confirm current condition.**
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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 10,933 properties. Over the last 5 years, Houses in Cranbourne have seen a 28.70% increase in median value, while Units have seen a 27.14% increase. As at 30 April 2026:
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