9/21 Merrijig Avenue, Cranbourne VIC 3977
9/21 Merrijig Avenue, Cranbourne VIC 3977
Single-level 3/1/1 on 326sqm | two driveway spaces plus garage | established Cranbourne near station | suits first home buyers and downsizers | one bathroom only
The property’s competitive edge is its single-level design on a genuinely oversized 326sqm unit allotment, rare for compact townhouses in established areas. That extra land provides usable outdoor space, a shed, and room for future improvements. The location is equally practical, with the station, shopping, and schools five minutes away. This is a low-maintenance home for first home buyers and downsizers who want a familiar neighbourhood without stairs. The layout is straightforward, with a gas cooktop, built-in robes, and a separate powder room adding everyday function. It suits buyers who value land and convenience over modern finishes.
Value may be tempered by the dated kitchen and bathroom, which might suggest a renovation budget. The single bathroom, despite the separate powder room, could narrow family appeal. Conversely, the 95sqm building on a 326sqm block offers scope for upgrades or a modest extension. Here, presentation and condition will likely move the price more than the layout.
Detailed Independent Property Report prepared by PropCred Analyst team for 9/21 Merrijig Avenue, Cranbourne VIC 3977
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
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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
Comparable Sales: 4/21 Merrijig Avenue (3/2/1) sold in low-to-mid $600s | Property Price Band: $600K-$700K | Value Drivers: land size, single-level layout, parking for three vehicles
Bedrooms
3
Bathroom
1
Parking
-
Land
326m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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