Back 54 Lyall Street
Active

54 Lyall Street

Cranbourne VIC 3977

3
1
2
721 m²
House
Currently for sale - view listing

Overview

Corner Block with Plans Submitted for Two Massive Double-Storey Townhouses

Set on a generous 721sqm (approx.) corner allotment in the thriving heart of Cranbourne, this charming weatherboard residence offers a rare and exciting development opportunity, with potential for two substantial double-storey townhouses (STCA). The property presents exceptional future potential for builders, developers, or savvy investors. Perfectly positioned near quality schools, local shops, public transport, and essential amenities, this high-exposure site ensures lifestyle convenience and long-term growth. Whether you're looking to develop, invest, or landbank, this property is brimming with possibilities. Residing within a mixed-use Activity Centre Zone (ACZ) and benefiting from a convenient dual frontage, the property is perfect for astute developers, providing scope for residential, retail, commercial or community plans (STCA). Alternatively, transform the home to reflect modern trends, enjoy its vintage appeal and sizeable backyard or lease it out with ease. The location couldn’t be better for convenience seekers and young families, placing Cranbourne Park Shopping Centre, Cranbourne Primary School and Cranbourne Secondary College within a short walk, while prestigious Casey Grammar, Chisholm TAFE, local buses and Casey Stadium can also be reached on foot. Close to Cranbourne Station and the South Gippsland Highway, it’s ideal for city commuters, plus there’s access to the popular Casey Fields sporting complex, Hunt Club Village and St Peter’s College. In its current form, the property features original hardwood floors, elevated ceilings and intricate cornices throughout, revealing a huge light-filled living room that flows to a flexible dining space and functional fitted kitchen. The three bedrooms are larger than average and incorporate a selection of built-in robes, sharing the full family bathroom and a separate w/c. Notable finishing touches include a versatile rear studio that could be transformed into self-contained living quarters, ducted heating, laundry facilities, a freestanding electric oven and off-street parking. Presenting a world of opportunity for a wide range of buyers, this traditional family home awaits its next chapter in a location that's growing fast. Property highlights: Sizeable 721sqm corner block (approx.) with dual frontage Walk to shops, schools, TAFE, buses and nearby parks Close to train station, sporting complex and major roads Lucrative opportunity for investors and developers Three-bedroom home with large rooms and generous yard Light-filled living room, kitchen with electric oven, bathroom Heating throughout, standalone studio, off-street parking DISCLAIMER: The measurements provided of the land and / or property may not be 100% accurate. In order to satisfy yourself of the exact dimensions of the property / land / or of each room, we advise you to conduct your own measurements and / or engage the services of a licensed surveyor. Responsibility for any omissions or errors contained herein is expressly denied.

Features

3 bedrooms
1 bathroom
2 carspaces
2 garage spaces
721 m² lot size
House

Property history for 54 Lyall Street

2026
Rented
Undisclosed
Leased on 16 Feb 2026 by Estate Luxe Realty
2025
Rented
Undisclosed
Leased on 14 Nov 2025 by Estate Luxe Realty
2025
Rented
Undisclosed
Leased on 20 Jan 2025 by UpHill Real Estate

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 3 bedroom houses in Cranbourne

In the last 12 months, 196 three-bedroom houses similar to 54 Lyall Street, have been sold.

This represents a 8% decrease in three-bedroom houses sales when compared to the previous 12 months.

© 2026 RateMyAgent