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VIC › Cranbourne North › Gleamside St

Lot 331 Gleamside St, Cranbourne North VIC 3977

For saleHouse

$997,353

For sale

Asking

4

Bedrooms

2

Bathrooms

2

Car spaces

385 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $997,353 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $997,353(Listing record · 20 Aug 2026)
  • CalculationRecorded House sales in Cranbourne North (last 5 years) with land size: median $1,349/m² of land (n=59). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationIf it leased at Cranbourne North's advertised median rent ($566/wk), implied gross yield would be 2.95% — 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

$997,353

Asking · $2,591/m² of land

No recorded sale for this property.

Local land rate: recorded House sales in Cranbourne North (last 5 years) with land size have a median of $1,349/m² of land (n=59). 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 →

Total cost to purchase

Purchase Price
$997,353
Stamp Duty (Victoria)
$54,854
Transfer/Registration Fee
$2,437
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
$1,058,344

$60,991 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 North's advertised median rent — not a rent for this listing.

Net yield
1.45%
Annual cashflow (pre-tax)
$-37,391
Interest cover (DSCR)
0.28
Annual rent
$29,432
Operating expenses
$14,960
Loan amount
$797,882
Annual interest
$51,862
Gross yield
2.95%

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$997,353available20 Aug 2026

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 $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

Gross yield if leased at the suburb aggregate is 3.0%. 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 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 Gleamside St →

Listing material

Listed by Turnkey Real Estate Group

4 Bedroom Turnkey Home in Cranbourne North - Fixed Price $997,500 - Full Turnkey Inclusions

LOT 331 GLEAMSIDE STREET, CRANBOURNE NORTH

$997,353 | 4 Bedrooms | 3.5 Bathrooms | 2 Car Garage | 385m² Block

THE PROPERTY

Read the full description

A double storey home of 34 squares on 385m² in Woodside Estate, Cranbourne North, built around a ground floor that keeps its formal and casual zones properly separate. Past the porch and entry, three enclosed rooms run down one side of the home: a front living room, a dedicated study behind it, and a theatre room further back. The rear opens into a single connected space where the kitchen, meals area and family room sit together, with the kitchen anchored by an island bench and served by a walk in pantry. A laundry with walk in linen, a powder room and internal access from the double garage sit along the western side. Upstairs, a central rumpus separates the master suite at the rear from the three secondary bedrooms at the front. The master takes the full rear width with a walk in robe, ensuite and its own separate WC. Bedrooms two, three and four each have robes, and the main bathroom includes a bath with a separate WC beside it.

FOR OWNER-OCCUPIERS

The three enclosed rooms downstairs do real work in a family home. One can stay formal for guests, one becomes the study or home office, and the theatre stays dark and closed off. That means the kitchen and family zone at the back never has to double as everything at once.

Upstairs the rumpus gives the kids somewhere of their own without needing to head downstairs, and the master sitting behind it at the rear means noise from that end of the house stays where it is. Internal garage access into the laundry corridor handles the wet shoes and shopping bags before they reach the living areas.

FOR INVESTORS

Cranbourne North sits inside the City of Casey, one of the fastest growing municipalities in the country, with a tenant pool drawn from families moving out from the inner southeast for space. Four bedrooms, multiple living zones and a double garage puts this at the upper end of what the local rental market offers, which narrows the competing stock considerably.

The bathroom count matters here too. Three separate toilets and two full bathrooms across two levels suits larger households and shared arrangements, both of which support stronger yields. At just under $1m for a brand new 34 square home on a titled growth corridor block, the entry point compares favourably against established four bedroom stock in the same postcode that carries renovation risk and, under the current tax settings, no longer attracts negative gearing or the CGT discount.

FOR UPSIZERS

The usual trigger for upsizing is that the family has outgrown a single living area. This floorplan answers that directly with a living room, a study, a theatre and a family zone downstairs, plus a rumpus upstairs. Five distinct spaces means five things can happen at once without anyone getting in each other’s way.

Bedroom zoning is the other reason to move. With the master separated from the other three bedrooms by the rumpus and its own ensuite and WC behind it, parents get genuine distance from the rest of the upper level. Add the second WC upstairs and the powder room downstairs and the morning routine stops being a bottleneck.

KEY FEATURES

Layout & Design

• Double storey design, 34 squares of living

• Four bedrooms, all with robes

• Master suite positioned at the rear of the upper level with walk in robe

• Central rumpus separating the master from bedrooms two, three and four

• Separate front living room, dedicated study and enclosed theatre room downstairs

• Open plan kitchen, meals and family zone across the rear

• Double garage with internal access

Kitchen

• Island bench with breakfast seating

• Walk in pantry

• Direct connection to the meals and family areas

Bathrooms & Extras

• Master ensuite with separate WC

• Main bathroom upstairs with bath and separate WC

• Powder room on the ground floor

• Laundry with walk in linen and external access

• Additional linen storage upstairs

• Upstairs nook off the rumpus

Build & Location

• 385m² block in Woodside Estate, Cranbourne North

• Fixed price house and land package

• Meets all council and developer requirements

THE ESTATE — WOODSIDE, CRANBOURNE NORTH

Cranbourne North is one of the more established pockets of the Casey growth corridor, roughly 45 kilometres southeast of the Melbourne CBD. The area is well served by Cranbourne Park Shopping Centre and the retail along the South Gippsland Highway, with Casey Fields nearby for sport and the Royal Botanic Gardens Cranbourne within a short drive. Cranbourne station connects to the city on the Cranbourne line, and Thompsons Road and the Western Port Highway give straightforward road access north toward Dandenong and the M1.

The appeal right now is that Cranbourne North has already built out much of its infrastructure. Buyers here are not waiting on shopping centres, schools or road upgrades to arrive later, which is what tends to separate the more mature parts of a corridor from the newer frontier suburbs further east.

What Sets This One Apart

The combination that stands out is room count against block size. Getting four bedrooms, five separate living or work spaces, two full bathrooms, three toilets and a double garage onto 385m² takes a floorplan that uses two levels efficiently rather than sprawling. Homes this size in Cranbourne North are usually sitting on considerably more land at considerably more money, and the ones on comparable blocks usually give up the study or the theatre to make it work. This one keeps both.

Package Summary

Total: $997,353 | Bed 4 | Bath 3.5 | Car 2 | Home Size: 34sq | Land Size: 385m²

Land: $465,000

Build: $532,353

KEY FEATURES

Layout & Design

• Double storey design, 34 squares of living

• Four bedrooms, all with robes

• Master suite positioned at the rear of the upper level with walk in robe

• Central rumpus separating the master from bedrooms two, three and four

• Separate front living room, dedicated study and enclosed theatre room downstairs

• Open plan kitchen, meals and family zone across the rear

• Double garage with internal access

Kitchen

• Island bench with breakfast seating

• Walk in pantry

• Direct connection to the meals and family areas

Bathrooms & Extras

• Master ensuite with separate WC

• Main bathroom upstairs with bath and separate WC

• Powder room on the ground floor

• Laundry with walk in linen and external access

• Additional linen storage upstairs

• Upstairs nook off the rumpus

Build & Location

• 385m² block in Woodside Estate, Cranbourne North

• Fixed price house and land package

• Meets all council and developer requirements

THE ESTATE — WOODSIDE, CRANBOURNE NORTH

Cranbourne North is one of the more established pockets of the Casey growth corridor, roughly 45 kilometres southeast of the Melbourne CBD. The area is well served by Cranbourne Park Shopping Centre and the retail along the South Gippsland Highway, with Casey Fields nearby for sport and the Royal Botanic Gardens Cranbourne within a short drive. Cranbourne station connects to the city on the Cranbourne line, and Thompsons Road and the Western Port Highway give straightforward road access north toward Dandenong and the M1.

The appeal right now is that Cranbourne North has already built out much of its infrastructure. Buyers here are not waiting on shopping centres, schools or road upgrades to arrive later, which is what tends to separate the more mature parts of a corridor from the newer frontier suburbs further east.

What Sets This One Apart

The combination that stands out is room count against block size. Getting four bedrooms, five separate living or work spaces, two full bathrooms, three toilets and a double garage onto 385m² takes a floorplan that uses two levels efficiently rather than sprawling. Homes this size in Cranbourne North are usually sitting on considerably more land at considerably more money, and the ones on comparable blocks usually give up the study or the theatre to make it work. This one keeps both.

Package Summary

Total: $997,353 | Bed 4 | Bath 3.5 | Car 2 | Home Size: 34sq | Land Size: 385m²

Land: $465,000

Build: $532,353

KEY FEATURES

Layout & Design

• Double storey design, 34 squares of living

• Four bedrooms, all with robes

• Master suite positioned at the rear of the upper level with walk in robe

• Central rumpus separating the master from bedrooms two, three and four

• Separate front living room, dedicated study and enclosed theatre room downstairs

• Open plan kitchen, meals and family zone across the rear

• Double garage with internal access

Kitchen

• Island bench with breakfast seating

• Walk in pantry

• Direct connection to the meals and family areas

Bathrooms & Extras

• Master ensuite with separate WC

• Main bathroom upstairs with bath and separate WC

• Powder room on the ground floor

• Laundry with walk in linen and external access

• Additional linen storage upstairs

• Upstairs nook off the rumpus

Build & Location

• 385m² block in Woodside Estate, Cranbourne North

• Fixed price house and land package

• Meets all council and developer requirements

THE ESTATE — WOODSIDE, CRANBOURNE NORTH

Cranbourne North is one of the more established pockets of the Casey growth corridor, roughly 45 kilometres southeast of the Melbourne CBD. The area is well served by Cranbourne Park Shopping Centre and the retail along the South Gippsland Highway, with Casey Fields nearby for sport and the Royal Botanic Gardens Cranbourne within a short drive. Cranbourne station connects to the city on the Cranbourne line, and Thompsons Road and the Western Port Highway give straightforward road access north toward Dandenong and the M1.

The appeal right now is that Cranbourne North has already built out much of its infrastructure. Buyers here are not waiting on shopping centres, schools or road upgrades to arrive later, which is what tends to separate the more mature parts of a corridor from the newer frontier suburbs further east.

What Sets This One Apart

The combination that stands out is room count against block size. Getting four bedrooms, five separate living or work spaces, two full bathrooms, three toilets and a double garage onto 385m² takes a floorplan that uses two levels efficiently rather than sprawling. Homes this size in Cranbourne North are usually sitting on considerably more land at considerably more money, and the ones on comparable blocks usually give up the study or the theatre to make it work. This one keeps both.

Package Summary

Total: $997,353 | Bed 4 | Bath 3.5 | Car 2 | Home Size: 34sq | Land Size: 385m²

Land: $465,000

Build: $532,353

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

Property features

  • Air Conditioning
  • Alarm System
  • Broadband
  • Built-in Robes
  • Dishwasher
  • Floorboards
  • Fully Fenced
  • Living Areas: 4
  • Pay TV
  • Remote Garage
  • Rumpus Room
  • Secure Parking
  • Solar Panels
  • Study

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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.