5 Carol Avenue, Cranbourne, VIC 3977 | Property Value & History | OnTheHouse
 
FOR SALE

5 Carol Avenue
Cranbourne VIC 3977

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 141m2
Land area: 766m2
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This property is currently on the market
LARGE 766SQM ALLOTMENT IN A PRIME CENTRAL LOCATION!
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Property Details for 5 Carol Ave, Cranbourne

Building Type
Land
Year Built
2000
Floor Size
141m2
Land Size
766m2
Local Government
Casey
Lot/Plan
456/LP44150

Last Listing description (March 2026)

An exceptional opportunity awaits a prime central location of Cranbourne. This generous 766sqm block offers the perfect blank canvas to design and build the home you've always envisioned or secure a smart investment and development opportunity (STCA).

Ideally positioned, this parcel of land provides outstanding flexibility for families, investors or builders looking to capitalise on the continued growth of the 3977 postcode.

Located within a vibrant and expanding community, you'll enjoy convenient access to local schools, shopping centres, transport and parklands, making it an ideal location for both lifestyle and long-term value.

Key Features:
- Generous 766sqm (approx.) titled block
- Ideal site for a large custom family home
- Prime central location and within walking distance all amenities
- Potential for 3-4 townhouses / units site (STCA)
- Possible NDIS facility or shared accommodation site (STCA)
- Flat and rectangular site, favourable for development
- Positioned in a fast-growing and well-serviced community
- Excellent potential for future capital growth

Opportunities like this are becoming increasingly rare in central Cranbourne. Secure your land today and start planning the future you've always imagined.

* All information contained herein is gathered from sources we deem reliable; however, we cannot guarantee its accuracy. Interested parties should rely on their own enquiries.

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Property History for 5 Carol Ave, Cranbourne, VIC 3977

A timeline of how this property has performed in the market
Last Sold
$665,000
02 Oct 2021
  • 17 Mar 2026
    Listed for Sale $750,000 - $820,000
  • 06 Mar 2023
    Listed for Sale $690,000 - $750,000
  • 02 Oct 2021
    Sold for $665,000
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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 10,954 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.
There are currently 58 properties listed for sale, and 19 properties listed for rent in Cranbourne on OnTheHouse. According to Cotality's data, 569 properties were sold in the past 12 months in Cranbourne.

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Cotality Copyright and Legal Disclaimers about Property Data

© 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.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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