28 Lurline Street Cranbourne VIC 3977

Corner block, Cranbourne central | 4-bed with studio potential | Solar panels, no overlays | Rental yield above suburb median The property’s corner-block configuration and studio bedroom with private bathroom create a rare dual-living opportunity in central Cranbourne, positioning it strongly for both family buyers seeking flexibility and investors targeting higher rental returns. The 596m² land with no bushfire, flood, or heritage overlays reduces holding risk, while the 242m² building area and solar panels improve long-term efficiency. This house suits buyers who value immediate rental income or multigenerational living over a turnkey renovation project. The primary risk is the 2017 floor plan—originally a 3-bedroom, 1-bathroom layout—meaning the current 4-bed, 2-bath configuration may involve unapproved works or compromised room sizes, which could affect financing or resale. The listing price sits at the top of the value range, leaving limited short-term equity upside. A building and pest inspection is essential before offer. For a buyer, holding this property as a rental with the studio separately leased can lift net yield above 4.5%, while future subdivision or extension potential on the corner block adds medium-term optionality.