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VIC › Cranbourne East › Leni St

Lot 45 Leni St, Cranbourne East VIC 3977

For saleHouse

$693,600

For sale

Asking

3

Bedrooms

2

Bathrooms

1

Car spaces

200 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $693,600 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $693,600(Listing record · 16 Oct 2025)
  • CalculationRecorded House sales in Cranbourne East (last 5 years) with land size: median $1,469/m² of land (n=37). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationIf it leased at Cranbourne East's advertised median rent ($605/wk), implied gross yield would be 4.54% — 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

$693,600

Asking · $3,468/m² of land

No recorded sale for this property.

Local land rate: recorded House sales in Cranbourne East (last 5 years) with land size have a median of $1,469/m² of land (n=37). Districts calculation from recorded sales — not a valuation.

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
$693,600
Stamp Duty (Victoria)
$36,686
Transfer/Registration Fee
$1,726
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
$735,712

$42,112 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 East's advertised median rent — not a rent for this listing.

Net yield
3.04%
Annual cashflow (pre-tax)
$-15,011
Interest cover (DSCR)
0.58
Annual rent
$31,460
Operating expenses
$10,404
Loan amount
$554,880
Annual interest
$36,067
Gross yield
4.54%

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$693,600available16 Oct 2025

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.

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 4.5%. 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 Leni St →

Listing material

Listed by Turnkey Real Estate Group

Low-Maintenance Comfort in a Thriving Family Cranbourne East’s Lilly Bank Estate

Step into easy, contemporary living with this beautifully designed 3-bedroom, 2-bathroom home in the heart of Lilly Bank Estate, Cranbourne East. Perfect for first home buyers, downsizers, or investors, this low-maintenance home offers smart design, modern finishes, and a light-filled open-plan layout that makes everyday living effortless.

The kitchen flows seamlessly into the living and dining area, opening out to a private courtyard — perfect for entertaining or relaxing. With quality inclusions throughout, this home delivers the ideal balance of style, comfort, and convenience in one of Cranbourne East’s most desirable communities.

Key Features:

Read the full description

- Spacious master bedroom with ensuite and built-in robe

- Two additional bedrooms with built-in robes

- Open-plan kitchen, living and dining area

- Modern kitchen with island bench and quality appliances

- Central bathroom plus separate laundry

- Single garage with internal access

- Low-maintenance 200sqm block

This fixed Price Home and Land Package Includes:

- Fixed price 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 the clothesline with a coloured concrete pad.

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

- Timber Laminate Flooring and Carpet, and tiles to wet areas.

- Heating and Cooling

- Hollands blinds throughout

- Flyscreens to all windows

- Sliding flywire doors

- Stainless steel 900mm Kitchen appliances

- 2580mm High ceilings

- Stainless dishwasher

- Stone benchtops to kitchen

- Tiled shower bases

- Downlights throughout

- Alarm system including sensors and keypad to entry

- Bushfire Attack 12.5 if required

- A re-establishment survey of the block if required

- Gold, Black or Chrome tapware to kitchen

- Council infrastructure levy if required

- Brickwork above all windows and doors i.l.o FC Sheet (excludes above garage door)

- Facade render when required for Developer Approval

- All Developer requirements

- Temporary fencing during build

- All Occupational Health & Safety build requirements

Why Live in Lilly Bank Estate

Welcome to Lilly Bank Estate — a vibrant, family-friendly community perfectly positioned in Cranbourne East, one of Melbourne’s most sought-after south-eastern suburbs. Designed with modern families in mind, the estate combines peaceful surroundings with everyday convenience.

Location Highlights:

- Moments from Cranbourne East Primary and Cranbourne East Secondary College

- Close to Casey Fields, Casey Recreation & Aquatic Centre (RACE), and Casey Grammar School

- Easy access to Shopping on Clyde, Selandra Rise Shopping Centre, and Cranbourne Park Shopping Centre

- Surrounded by parks, walking trails, and open green spaces

- Excellent transport links via Berwick–Cranbourne Road and Cranbourne Train Station

Blending location, lifestyle, and liveability, Lilly Bank Estate is the perfect place to build your future and enjoy the best of Cranbourne East.

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

Property features

  • Air Conditioning
  • Alarm System
  • Broadband
  • Built-in Robes
  • Dishwasher
  • Ducted Heating
  • Ensuites: 1
  • Fully Fenced
  • Gas Heating
  • Living Areas: 1
  • Pay TV
  • Remote Garage
  • Secure Parking
  • Toilets: 2

Also look at

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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.