640 Cranbourne-Frankston Road, Cranbourne South, VIC 3977 | Property Value & History | OnTheHouse
OFF MARKET

640 Cranbourne-Frankston Road
Cranbourne South VIC 3977

Bedrooms: 3
Bathrooms: 1
Car spaces: 6
Land area: 16184m2
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Property Details for 640 Cranbourne-Frankston Rd, Cranbourne South

Building Type
Rural
Land Size
16184m2
Local Government
Casey
Lot/Plan
58/LP13570

Last Listing description (April 2019)

Located in the suburb of Cranbourne South, within the municipality of the City of Casey. This region is undergoing rapid population growth catering for a large proportions of Melbourne s fringe development. Only 45 minutes south east of Melbourne s CBD on the urban fringe of Cranbourne, West of the South Gippsland Highway and the Town centre, sits this 1.5HA (4 acres approx..) parcel, on a single title.
The subject allotment zoned Green Wedge Zone Schedule 2 is strategically positioned between residential development on the Northern Side of Cranbourne-Frankston Road to the East is the urban fringe of Cranbourne Township. While to the 500 metres to the South West is the Westernport Highway.
Improvements on the land include a refurbished painted Cedar Residence offering (3 bedrooms, 1 bathroom, 1 living), a two-car garage plus storage bay; all well maintained and presented in excellent order and condition. There is also a separate office/shed measuring 5.5x10m plus an endless Swim/Spa Pool. Set amongst lovely private mature gardens. It is further enhanced by a small natural dam with water cultivated from a local tributary the traverse s part of the property ensuring permanent water in addition to the main water supply.

At present, the property is used as a Retail Plant Nursery and broad gravel hardstand area and car park. The residence could be leased to produce additional income along with some form of animal husbandry or equestrian pursuits upon the gardens being modified.

Property History for 640 Cranbourne-Frankston Rd, Cranbourne South, VIC 3977

A timeline of how this property has performed in the market
Last Sold
$1,476,000
29 Oct 2024
  • 29 Oct 2024
    Sold for $1,476,000
  • 13 Aug 2020
    Sold for $525,000
  • 15 Mar 2019
    Sold for $1,000,000
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About Cranbourne South 3977

The size of Cranbourne South is approximately 19.7 square kilometres. There are 7 parks, covering nearly 0.7% of the total area. The population of Cranbourne South in 2016 was 1674 people. By 2021 the population was 3241 showing a population growth of 93.6% in the area during that time. The predominant age group in Cranbourne South is 30-39 years. Households in Cranbourne South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cranbourne South work in a professional occupation.In 2021, 86.20% of the homes in Cranbourne South were owner-occupied compared with 87.00% in 2016.

Cranbourne South has 2,411 properties. Over the last 5 years, Houses in Cranbourne South have seen a -3.47% decrease in median value. As at 31 August 2026:

  • The median value for Houses in Cranbourne South is $857,198 while the median value for Units is $614,029.
  • Houses have a median rent of $670 while Units have a median rent of $580.
There are currently 10 properties listed for sale, and 1 property listed for rent in Cranbourne south on OnTheHouse. According to Cotality's data, 110 properties were sold in the past 12 months in Cranbourne south.

Suburb Insights for Cranbourne South 3977

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Cotality Copyright and Legal Disclaimers about Property Data
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.