2/23 William StreetCranbourne VIC 3977
Property Details for 2/23 William St, Cranbourne
2/23 William St, Cranbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1981. The property has a land size of 163m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in July 2015.
Last Listing description (July 2026)
Investor Opportunity with Strong Rental Return
No body corporate and just $720/year in insurance
Secure Investment - Tenanted Property
Currently leased at $435 per week with tenants in place until 2027, providing immediate rental income and long-term security for investors.
Property Features:
Two spacious bedrooms filled with natural light
Central, functional bathroom
Open-plan living and dining area with a warm, inviting feel
Well-equipped kitchen with essential appliances
Low-maintenance backyard - perfect for hassle-free upkeep
Single garage for secure parking and added storage
This property is ideally located in a peaceful yet convenient pocket, close to schools, shops, parks, and public transport - ensuring strong ongoing tenant demand.
Whether you're looking to expand your portfolio with a set-and-forget investment or secure a smart buy in a high-demand area, this property ticks all the boxes.
Property History for 2/23 William St, Cranbourne, VIC 3977
- 05 Jun 2026Listed for Sale $ 490,000 - $ 530,000
- 31 Mar 2016Listed for Rent $300 / week
- 11 Aug 2015Listed for Rent - Price not available
Recent sales nearby
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0About 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 10,968 properties. Over the last 5 years, Houses in Cranbourne have seen a 23.55% increase in median value, while Units have seen a 25.70% increase. As at 30 June 2026:
- The median value for Houses in Cranbourne is $770,782 while the median value for Units is $539,792.
- Houses have a median rent of $550 while Units have a median rent of $493.
Suburb Insights for Cranbourne 3977
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