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VIC › Cranbourne › Casper St

Lot 1235 Casper St, Cranbourne VIC 3977

For saleHouse

$735,700

For sale

Asking

4

Bedrooms

2

Bathrooms

2

Car spaces

256 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $735,700 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $735,700(Listing record · 3 July 2023)
  • CalculationLand 256 m² against a 23 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationRecorded House sales in Cranbourne (last 5 years) with land size: median $1,008/m² of land (n=50). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationIf it leased at Cranbourne's advertised median rent ($555/wk), implied gross yield would be 3.92% — this is not a rent for this listing.(Districts scenario calculation)

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.

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

$735,700

Asking · $2,874/m² of land

No recorded sale for this property.

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

See the full Cranbourne report →

Total cost to purchase

Purchase Price
$735,700
Stamp Duty (Victoria)
$39,212
Transfer/Registration Fee
$1,824
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
$780,436

$44,736 on top of the price (6.1% 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's advertised median rent — not a rent for this listing.

Net yield
2.42%
Annual cashflow (pre-tax)
$-20,432
Interest cover (DSCR)
0.47
Annual rent
$28,860
Operating expenses
$11,036
Loan amount
$588,560
Annual interest
$38,256
Gross yield
3.92%

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$735,700available3 July 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?

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 $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.

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 3.9%. 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 in one glance

Cranbourne at a glance

22,726

People

No data

Median sale

$555/wk

Median rent

No data

Suburb gross yield

See the full Cranbourne report →

Keep researching

  • Why Cranbourne? Read the area thesis →
  • What else is on the market in Cranbourne →
  • Other records on Casper St →

Listing material

Listed by Turnkey Real Estate Group

Grand Double Story Home Located Minutes From The Heart Of Cranbourne!

Comprising of four bedrooms, two living areas, a double car garage and an alfresco this double storey is designed for the busy modern day family. With a major focus on practicality this home design includes an abundance of storage throughout and generously sized bedrooms. Spanning over two impressive levels this home offers full turnkey inclusions meaning there is nothing left to do but move in!

Set amongst a tranquil environment, build your dream home with an impressive, natural backdrop alongside the added benefits of established amenities and infrastructure close by. Already recognised as one of Cranbourne’s most sought-after communities, Brown Property Group are excited to be delivering a new land release, paving the way for approximately 200 homes to join the Canopy community.

This fixed priced package includes;

Read the full description

- Fixed Site Costs

- Landscaping to front: Includes a dripper irrigation system with a battery operated timer so no need to worry about time consuming maintenance.

- Rear landscaping: Includes mulched garden beds with trees or plants to rear boundary, turf and topping to remainder of the land to rear and side boundaries with a dripper system connected to the tap.

- Fencing: Full share fencing to sides and rear boundaries as well as a side gate to comply with the developers guidelines.

- Coloured concrete driveway.

- Fold away clothesline with a coloured concrete pad.

- Concrete letterbox to suit house type and meet the design guidelines of the estate.

- Timber Laminate Flooring with Carpet

- Heating and Cooling

- Blinds throughout

- Flyscreens to all windows

- Stainless steel appliances including dishwasher

- Stone benchtops to kitchen

- Tiled shower bases

- Downlights

- Alarm system including sensors and keypad to entry

Listing description written by Bridgette Witte, Turnkey Real Estate Group — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Alarm System
  • Built-in Robes
  • Dishwasher
  • Ducted Heating
  • Floorboards
  • Fully Fenced
  • Outdoor Entertaining
  • Remote Garage
  • Secure Parking
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.