Back 42 Cochrane Street
Off Market

42 Cochrane Street

Cranbourne VIC 3977

4
1
2
679 m²
House
Last sold for $820,000
Andrew CassimatyAndrew Cassimaty, last sold this property on 17 March 2026 after 66 days on market.

Overview

Approved Development Opportunity: 4 Individual-Title Townhouses in the Heart of Cranbourne

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 developmentideal 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 ClydeFive Ways Road intersections, plus the proposed extension of the Cranbourne rail line to Clydeensuring 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.

Features

4 bedrooms
1 bathroom
2 carspaces
679 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Cranbourne over the last 12 months, the estimated median property value of 42 Cochrane Street is $817.5k.

Median value
$817.5k
Estimated value range
$616k - $1.43m
Median days on market
27
Estimated value trend
6%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Cranbourne. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 42 Cochrane Street

2026
Sold
$820,000
Private Sale/Treaty on 17 Mar 2026 by Andrew Cassimaty, of Cassimaty Property Group
2021
Rented
Undisclosed
Leased on 31 Mar 2021
2020
Sold
$610,000
Private Sale/Treaty on 10 Nov 2020 by Andrew Cassimaty

Happy sellers in Cranbourne

83%
83% of sellers in Cranbourne reported that their sale price either exceeded or met their price expectations.

Cranbourne stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 75 reviews in Cranbourne over the last 12 months.

Local market activity for 4 bedroom houses in Cranbourne

In the last 12 months, 133 four-bedroom houses similar to 42 Cochrane Street, have been sold.

This represents a 7% increase in four-bedroom houses sales when compared to the previous 12 months.

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