15 Walter Street, Cranbourne, VIC 3977 sold on 28 July 2026 | OnTheHouse
 
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Sold on 28 Jul 2026 - Price Unavailable

15 Walter Street
Cranbourne VIC 3977

Bedrooms: 2
Bathrooms: 1
Car spaces: 3
Floor area: 82m2
Land area: 858m2
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Finning First National - Cranbourne
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Property Details for 15 Walter St, Cranbourne

15 Walter St, Cranbourne is a 2 bedroom, 1 bathroom Unit with 3 parking spaces and was built in 1971. The property has a land size of 858m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in July 2026. There are other 2 bedroom Unit sold in Cranbourne in the last 12 months.

Building Type
Unit
Year Built
1971
Floor Size
82m2
Land Size
858m2
Local Government
Casey
Lot/Plan
98/LP1547

Last Listing description (September 2026)

First Time Offered in 44 Years!

A tightly held investment in one of Cranbourne's most sought-after locations, this outstanding property offers three units on one title, generating a strong rental income of approximately $68,100 per annum, all set on a substantial 862m (approx.) allotment within the Residential Growth Zone Schedule 2 (RGZ2).

Whether you're an investor seeking immediate cash flow, a developer looking to unlock future potential (STCA), or an SMSF buyer wanting a blue-chip long-term asset, this is an opportunity not to be missed.

Investment Highlights
Three units on one title
Returning approximately $68,100 per annum
862m (approx.) allotment
Residential Growth Zone Schedule 2 (RGZ2)
Potential to subdivide or redevelop (STCA)
Exceptional land banking opportunity with strong holding income
High-demand central Cranbourne location

Unit 1
2 spacious bedrooms
Central bathroom
Kitchen with adjoining meals area
Spacious living room
Car space
Currently leased at $1,520 PCM

Unit 2
2 spacious bedrooms
Central bathroom
Kitchen with adjoining meals area
Spacious living room
Car space
Currently leased at $1,773 PCM

Unit 3
3 spacious bedrooms
Huge kitchen with meals area
Two bathrooms
Open-plan living area
Lock up single garage
Proposed rental return of $2,383 PCM

Total Rental Return: Approximately $68,100 per annum
Approximate Gross Rental Yield: 5.66%

Prime Central Location
Perfectly positioned within walking distance to Cranbourne Park Shopping Centre, High Street shopping precinct, cafs, medical facilities, public transport and Cranbourne Train Station. Also close to quality schools, including Cranbourne Secondary College, making this an attractive location for both tenants and future purchasers.

An Opportunity That Ticks Every Box
Properties of this calibre are incredibly difficult to find. Offering immediate rental income, outstanding development potential (STCA), and a premium growth location, this is a rare chance to secure a high-performing investment with enormous future upside.

Invest. Develop. Land Bank. Prosper.

For further information or to arrange a private inspection, contact John Lauretta today.

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Property History for 15 Walter St, Cranbourne, VIC 3977

A timeline of how this property has performed in the market
Last Sold
28 Jul 2026
  • 28 Jul 2026
    Sold
  • 15 Jul 2026
    Listed for Sale $1,150,000 - $1,250,000
  • 04 Feb 1982
    Sold for $43,500
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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 10,967 properties. Over the last 5 years, Houses in Cranbourne have seen a 16.26% increase in median value, while Units have seen a 20.20% increase. As at 31 August 2026:

  • The median value for Houses in Cranbourne is $747,378 while the median value for Units is $531,779.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 63 properties listed for sale, and 28 properties listed for rent in Cranbourne on OnTheHouse. According to Cotality's data, 480 properties were sold in the past 12 months in Cranbourne.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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