Cranbourne at a glance
22,726
People
No data
Median sale
$555/wk
Median rent
No data
Suburb gross yield
VIC › Cranbourne › Monahans Rd
$470,000
Last sold
6 July 2020
4
Bedrooms
2
Bathrooms
2
Car spaces
613 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$470,000
6 July 2020 · derived via latest_sale
Local land rate: recorded House sales in Cranbourne (last 5 years) with land size have a median of $1,008/m² of land (n=50). Districts calculation from recorded sales — not a valuation.
Cranbourne at a glance
22,726
People
No data
Median sale
$555/wk
Median rent
No data
Suburb gross yield
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $555/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Cranbourne at a glance
22,726
People
No data
Median sale
$555/wk
Median rent
No data
Suburb gross yield
Listing material
Listed by Ray White CranbourneCRANBOURNE - Set in a great spot in Cranbourne sits 138 Monahans Road. This property has all of the benefits of being in a central location and also on a great sized block of 613m2!
From the entry of the home, you are greeted with a cheerful, sunny and generous sized living area with timber floors which give the home beautiful character. The lounge area is complete with a split system, long windows which let in plenty of light and a leafy outlook, along with access to the study.
Moving through the home, the kitchen overlooks a separate meals area. The neat kitchen has everything you need, complemented by plenty of cupboard space, breakfast bar and a stainless steel oven with gas burner cooktop. The kitchen and meals area is also kept cool by an additional split system.
Outside in the backyard, you will be greeted with a wide open green space, mature trees and a surplus of room to enjoy. The large paved courtyard is perfect for hosting garden parties and has access through to the large double carport. There's not many properties in Cranbourne Central which benefit from such a large block size!
The master bedroom is spacious and airy, featuring a built in robe and semi-ensuite. The additional three bedrooms are good sized, all with built in robes. This home would definitely suit growing families.
Features include:
- Large 613m2 block
- Split systems
- Gas wall furnace
- Timber floorboards
- Paved entertainment area
- Large double carport
ATTENTION INVESTORS - This property is currently tenanted and the tenants would love to stay on. Please don't hesitate to contact us for further information.
The central area of Cranbourne is one of the most established and sought after areas. With a mix of older homes on larger blocks and units. Located within walking distance to all facilities, including the newly renovated Cranbourne Park, a range of restaurants, Cranbourne Secondary College and Cranbourne Train Station. Cranbourne Central provides the perfect combination for any resident.
At Ray White Cranbourne our price indications are based upon probable market value, the likely selling price and vendor expectations. You can view with confidence that vendors will sell within the range with favourable conditions.
Listing description written by Kate Rushton, Ray White Cranbourne — reproduced as published, not verified by Districts.