5 Rimfire Cres, Cranbourne VIC 3977
5 Rimfire Cres, Cranbourne VIC 3977
5 bedrooms | 3 bathrooms | 718 m² land | sold 2008 | large family segment
This house offers a genuinely rare configuration for Cranbourne, with five bedrooms and three bathrooms on a substantial 718 m² block. That bedroom count and land area place it well above the typical four-bedroom detached stock in the suburb, making it a strong option for growing families or those needing space for multi-generational living or home offices. The property is described as an expansive family residence with established outdoor spaces and a functional floorplan, which suits buyers seeking room to spread out rather than entry-level housing. Its position within walking distance to athletic fields, reserves, and everyday amenities adds practical appeal for family-oriented households. The large landholding itself is a competitive advantage, as it is uncommon to find this much space in a well-connected pocket of Cranbourne.
The asking range of $1,050,000–$1,155,000 represents a significant increase from the 2008 sale price of $365,000, so buyers should weigh whether the current market supports that level. The configuration with five bedrooms and three bathrooms may target a narrower buyer pool than standard four-bedroom homes, which could affect how quickly the property sells or the final negotiated price. The land size discrepancy between 718 m² and 700 m² in public records may warrant verification, as precise lot dimensions can influence valuation. The absence of confirmed construction year or detailed finishes means the property’s condition and age are not fully known, so an inspection is essential to assess whether the asking price aligns with the actual quality and remaining life of the building.
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Rimfire Cres, Cranbourne VIC 3977
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Cranbourne is a family-oriented suburb with a strong owner-occupier presence, primarily comprising mortgaged households. Demand is driven by working families and tradespeople seeking detached housing, supported by consistent sales activity. The market demonstrates robust price growth for both houses and units, with competitive rental yields and a brisk sales pace indicating sustained demand. Future performance will hinge on the suburb’s appeal to its core demographic and broader economic factors influencing mortgage affordability.
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PropCred Estimated Value
Bedrooms
5
Bathroom
3
Parking
2
Land
718m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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