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VIC › Cranbourne North › Heywood Cres

22 Heywood Cres, Cranbourne North VIC 3977

House

$588,000

Last sold

26 July 2023

3

Bedrooms

1

Bathrooms

2

Car spaces

498 m²

Land

107 m²

Building

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $588,000 (26 July 2023).(Recorded sale)
  • CalculationLand 498 m² against a 107 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationRecorded House sales in Cranbourne North (last 5 years) with land size: median $1,355/m² of land (n=58). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.
  • FactZoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 (GRZ1) under the ZN.(Vicmap Planning · 1 Sept 2026)

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. 1No 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

What this lot has actually traded at

Last sold

$588,000

26 July 2023 · derived via latest_sale

Local land rate: recorded House sales in Cranbourne North (last 5 years) with land size have a median of $1,355/m² of land (n=58). Districts calculation from recorded sales — not a valuation.

Cranbourne North at a glance

26,004

People

No data

Median sale

$566/wk

Median rent

No data

Suburb gross yield

See the full Cranbourne North report →

Planning

Planning and development

Planning scheme

ZN

Zone

GENERAL RESIDENTIAL ZONE - SCHEDULE 1

GRZ1

Jurisdiction

Casey

Casey, VIC

Planning overlays

  • environmentalNot detected

Development activity

Data unavailable

Source

  • Provider: Vicmap Planning
  • Dataset: PLAN_ZONE
  • Retrieved: 1 Sept 2026
  • Version: 1
  • Parcel: 617576

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. Sold$588,00026 July 2023
  2. Listedprice unknowncompleted31 May 2023
  3. Listedprice unknowncompleted31 May 2023

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?

Confidence: medium

Zoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 500 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. 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 $566/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

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

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

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.

3 of 10 questions answered so far

  • Development optionality of this lot

    Knownmedium

    Zoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 500 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.

  • 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?

    Knownmedium

    No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.

  • Lot-level flood

    Unknown

    Flood overlay has not been queried for this lot. 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

    No DA adapter returned applications 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 North in one glance

Cranbourne North at a glance

26,004

People

No data

Median sale

$566/wk

Median rent

No data

Suburb gross yield

See the full Cranbourne North report →

Keep researching

  • Why Cranbourne North? Read the area thesis →
  • What else is on the market in Cranbourne North →
  • Other records on Heywood Cres →

Listing material

Listed by Ray White Cranbourne

SOLD BY MARK SIMONS!

CRANBOURNE NORTH - COURTENAY GARDENS: Introducing a stunning property that checks all the boxes for comfortable and convenient living. This three-bedroom gem boasts a range of features that will make you feel right at home.

Step inside to discover a well-appointed bathroom with a toilet, ensuring privacy and convenience for you and your family. The formal lounge sets the stage for elegant gatherings and provides a sophisticated space for relaxation or entertaining guests.

Stay warm and cozy during colder months with the efficient ducted heating system that evenly distributes warmth throughout the entire house. The open plan living and dining area creates a seamless flow, allowing you to effortlessly move between spaces and enjoy a versatile layout that suits your lifestyle.

Read the full description

Escape to the outdoors and relax under the inviting pergola, providing the perfect setting for alfresco dining, entertaining, or simply unwinding after a long day. The fully fenced backyard offers privacy, security, and a safe haven for children and pets to play freely.

* Alkira School is approximately a ten minute drive away from home.

* Courtenay Gardens Primary School is approximately a three minute walk away from home

* Lyndhurst Secondary College is approximately a five minute drive away from home

* Public Transport is approximately a minutes walk away from home

* Merinda Park Railway station is approximately a ten minute drive away from home

* Thompson Parkway Shopping - Woolworths is approximately a ten minute walk away from home

* Springhill Shopping - Coles is approximately a five minute drive away from home

* Cranbourne Park Shopping is approximately a ten minute drive away from home

* Casey Central Shopping is approximately a ten minute drive away from home

* Local Doctors Practice is approximately a ten minute walk away from home

* Local Community House/Kindergarten is approximately a ten minute walk away from home

BOOK AN INSPECTION TODAY, IT MAY BE GONE TOMORROW - PHOTO ID REQUIRED AT OPEN FOR INSPECTIONS!

DISCLAIMERS:

Every precaution has been taken to establish the accuracy of the above information, however it does not constitute any representation by the vendor, agent or agency.

Our floor plans are for representational purposes only and should be used as such. We accept no liability for the accuracy or details contained in our floor plans.

Due to private buyer inspections, the status of the sale may change prior to pending Open Homes. As a result, we suggest you confirm the listing status before inspecting.

Say goodbye to parking woes with the double carport, providing ample covered space for two vehicles. Additionally, a garden shed is included, offering convenient storage for your tools, gardening equipment, or other items.

Don't miss out on this incredible opportunity to own a property that combines comfort, functionality, and style. Contact us today to arrange a viewing and experience the true potential of this dream home.

Listing description written by Mark Simons, Ray White Cranbourne — reproduced as published, not verified by Districts.

Property features

  • Toilets: 1

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Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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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.