42 Cochrane Street, Cranbourne, VIC 3977

Secure this exceptional, council-approved development site in the heart of Cranbourne. Set on a 679m² corner allotment, this property comes with working and engineering drawings already completed, allowing for the construction of four individually titled townhouses on a single title.

The existing dwelling remains on-site, currently generating rental income and offering flexibility for staged development—ideal for builders, developers, and investors looking for a low-risk, high-return project.

Key Features:

Approved Plans: Council-approved designs for 4 modern townhouses, each with its own title (no owners corporation or strata fees).

Existing Home: Option to retain for income or demolish to unlock the site’s full development potential.

Prime Location: Walking distance to Cranbourne Train Station, Cranbourne Park Shopping Centre, local cafés, schools, parks, and public transport.

Education: Close to St Agatha’s Primary and St Peter’s College.

Connectivity: Quick access to the South Gippsland Highway and M1 Freeway via Sladen Street.

Infrastructure Growth: Major upgrades underway including Thompsons Road and Clyde–Five Ways Road intersections, plus the proposed extension of the Cranbourne rail line to Clyde—ensuring long-term value uplift.

Flexible Development Options:

- Demolish the existing dwelling and commence construction of all four townhouses immediately.

- Retain the current home for steady income while securing future capital growth through staged development.

Contact the team for any further enquiries on the property.

Disclaimer: Information is provided as a guide only. Buyers should verify details independently. Images show the property vacant; tenancy agreement applies.