169 Courtenay Avenue Cranbourne North VIC 3977

3 beds, 2 baths, 2 cars | 511m² lot | Courtenay Avenue | low turnover street This property offers a rare combination of a functional 3-bedroom floorplan on a full 511m² lot in a street where only one listing exists among 159 properties. The master suite with ensuite and walk-in robe, alongside the light-filled design, positions it as a strong choice for families or downsizers seeking space without excess. The low turnover on Courtenay Avenue—57% of owners held for over a decade—signals a stable, owner-occupied character that supports long-term value retention. For a buyer, this means less competition at resale and a neighbourhood where pride of ownership is the norm. The primary risk is the modest 131m² floor area relative to the land size, which may limit appeal for buyers wanting larger internal living spaces. However, this also presents an opportunity: the generous lot offers potential for future extension or redevelopment, subject to council approval. The estimated value of $722,000 sits in line with recent street sales, and the rental yield potential of 3.9–4% provides a credible holding strategy. For a buyer, this property works best as a long-term hold—live in it, let the low-supply street and land component do the work, and consider the floorplan a starting point, not a limitation.