3/5 Walter StreetCranbourne VIC 3977
Property Details for 3/5 Walter St, Cranbourne
3/5 Walter St, Cranbourne is a 6 bedroom, 3 bathroom Unit with 3 parking spaces and was built in 1980. The property has a land size of 192m2 and floor size of 84m2.
Last Listing description (September 2023)
Three units being sold together on a single title on the one contract.
Remarkable opportunity for the astute investor to acquire this rare site with 3x2 bedroom units positioned on approximately 858m2 of highly sought after land classified as Residential Growth Zone Schedule 2 ( RGZA2)
Each unit offers 2 bedrooms, open plan living, single central bathroom, practical kitchen design and each with their own single lock up garage.
Unit 1 - Currently leased on a month to month basis @ $1,434pcm
Unit 2 - *Updated* Will be now VACANT at settlement
Unit 3 - Vacant.
Positioned in a highly sought after location with an easy walk to Cranbourne Train station, bus stop at the end of the street and just a short stroll into the main street of Cranbourne.
*These units can't be sold separately and are being sold together on the single title as one.
Subject to Council Approvals - Future subdivision or redevelopment options are available for purchasers who wish to explore these scenarios and contact Casey Council to discover more.
Section 32 & Contract of Sale available upon request.
Terms: 10% Deposit
Settlement: 30 Days
*Terms variations possible by consultation with selling agent prior to auction day*
Property History for 3/5 Walter St, Cranbourne, VIC 3977
- 28 Jun 2023Listed for Sale $900,000 - $965,000
- 25 Feb 2022Listed for Rent $330 / week
- 15 Jun 2010Listed for Rent - Price not available
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About Cranbourne 3977
The size of Cranbourne is approximately 16.5 square kilometres. It has 47 parks covering nearly 40.2% of 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 10,951 properties. Over the last 5 years, Houses in Cranbourne have seen a 31.74% increase in median value, while Units have seen a 32.51% increase. As at 31 March 2026:
- The median value for Houses in Cranbourne is $775,541 while the median value for Units is $548,255.
- Houses have a median rent of $550 while Units have a median rent of $490.
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