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VIC › Cranbourne East › South Gippsland Hwy

1591 South Gippsland Hwy, Cranbourne East VIC 3977

For saleLand for Sale

$399,000

For sale

Asking

0

Bedrooms

0

Bathrooms

0

Car spaces

350 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $399,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $399,000(Listing record · 1 Oct 2024)
  • FactLand 350 m²; no building size recorded.(Property record)
  • CalculationIf it leased at Cranbourne East's advertised median rent ($605/wk), implied gross yield would be 7.88% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$399,000

Asking · $1,140/m² of land

No recorded sale for this property.

Cranbourne East at a glance

29,720

People

No data

Median sale

$605/wk

Median rent

No data

Suburb gross yield

See the full Cranbourne East report →

Total cost to purchase

Purchase Price
$399,000
Stamp Duty (Victoria)
$19,010
Transfer/Registration Fee
$1,038
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$422,748

$23,748 on top of the price (6.0% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Cranbourne East's advertised median rent — not a rent for this listing.

Net yield
6.38%
Annual cashflow (pre-tax)
$4,727
Interest cover (DSCR)
1.23
Annual rent
$31,460
Operating expenses
$5,985
Loan amount
$319,200
Annual interest
$20,748
Gross yield
7.88%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$399,000available1 Oct 2024

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $605/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 7.9%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Cranbourne East in one glance

Cranbourne East at a glance

29,720

People

No data

Median sale

$605/wk

Median rent

No data

Suburb gross yield

See the full Cranbourne East report →

Keep researching

  • Why Cranbourne East? Read the area thesis →
  • What else is on the market in Cranbourne East →
  • Other records on South Gippsland Hwy →

Listing material

Listed by @realty

"Build Your Dream Home on this Spacious Land in Cranbourne East - Your Perfect Canvas Awaits!"

Welcome to Lot 18/1591, South Gippsland Highway CRANBOURNE EAST VIC - a fantastic opportunity to secure a prime piece of residential land in a highly sought-after location.

This 350 sqm block of land is ready and waiting for you to build your dream home. With a price guide of $399,000, this property offers excellent value for those looking to invest in the booming Cranbourne East property market.

Located in a quiet and family-friendly neighbourhood, this property is close to schools, parks, shopping centers, and public transport options. Don't miss out on this chance to secure your own piece of paradise in Cranbourne East.

Read the full description

Welcome to your dream property in Cranbourne East, VIC, Australia. This stunning piece of land is just waiting for you to turn it into the home of your dreams. With a spacious land size of 350 square meters, the possibilities are endless. Imagine waking up every morning to the breathtaking views and serene surroundings of Cranbourne East. This is not just any ordinary piece of land, it is a blank canvas for you to create the perfect home and lifestyle for you and your family.

Located in the heart of Cranbourne East, this property boasts convenience, comfort, and tranquility. You will be just minutes away from all the amenities you could ever need, including schools, shopping centers, parks, and public transportation. You will have the best of both worlds – the peacefulness of a suburban lifestyle, with the accessibility and convenience of city living.

This property is truly a rare gem in the desirable neighbourhood of Cranbourne East. It offers an escape from the hustle and bustle of everyday life, while still being close enough to all the action. As soon as you step foot on this land, you will feel a sense of calm and tranquility that will make you never want to leave.

The land is currently tenanted, but do not let that deter you. With a rent of 0.00 per week, you have the freedom to start building your dream home whenever you are ready. There are no delays or waiting for tenants to vacate – this land is ready and waiting for you to make it your own.

Imagine the possibilities of building your dream home on this land. You can design and create a home that is uniquely yours, tailored to your specific needs and desires. With a floor area of 0.0000 square meters, you have the freedom to let your imagination run wild. Add a pool to cool off in the hot summer months, a patio to enjoy a cup of coffee in the mornings, or a garden to grow your own fresh produce. The options are endless, and the only limit is your imagination.

Not only is this land a perfect canvas for your dream home, but it also offers a sense of community and belonging. Cranbourne East is a friendly and welcoming neighbourhood with great schools and community events. You will have the opportunity to build lasting relationships with your neighbours and become a part of a close-knit community.

Do not miss out on the chance to make this stunning land in Cranbourne East your own. With its ideal location, spacious land size, and endless possibilities, it is the perfect place to call home. Contact us now to schedule a viewing and start building the life you have always dreamed of. This is an opportunity not to be missed – make your dream a reality today.

- Expect titling in October 2024.

- Block size 350 square meters

- Stunning views

- Nearby schools and recreational facilities

-Aspire Early Education and Kindergarten – next door opening 2022

-Cranbourne Primary School – 4 minutes

-Cranbourne Park Shopping, Monash Health Hospital Cranbourne – 4 minutes

-Casey Fields Sporting Complex, Cranbourne East Medical Centre, Cranbourne Station – 5 minutes

-Cranbourne Secondary College – 4 minutes

-Lighthouse Christian College - 7 minutes

-Royal Botanic Gardens Victoria – 9 minutes

-Choice of golf clubs - 10 - 15 minutes

-Bus stop directly outside estate – 795, 796 routes include Cranbourne Station

-Shopping on Clyde – 7 minutes

Contact us today to arrange a viewing and start planning your future in this wonderful community.

Thinking of selling now or in the future? For a free-market appraisal, give me a call | 0420 972 885 | danny.f@atrealty.com.au

Listing description written by Danny Ferdinandusz, @realty — reproduced as published, not verified by Districts.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.