13 Statesman Circuit, Cranbourne East VIC 3977
13 Statesman Circuit, Cranbourne East VIC 3977
4-bed family house on 476m² lot | school-zoned Cranbourne East | above typical estate block size | strong first-home buyer demand
A detached four-bedroom family house is presented on a 476 square metre lot, which is considered larger than typical estate blocks in this growth suburb. The property is positioned within the Cranbourne East Primary School zone, and the surrounding masterplanned housing and parkland is used by young families and owner-occupiers. A standard 4/2/2 layout with a more generous garden than common new-estate stock is provided by this configuration. Demand is led by first-home buyers and land purchasers, so this house is seen as a mainstream yet solid family proposition.
Value may be influenced by the property’s presentation, internal finishes, and any updates completed since construction. The larger lot size might be expected to attract a premium over standard estate homes, but the upside might be moderated by the absence of premium architectural features or a prestige location. Buyers are advised to weigh the house’s condition and presentation when forming a view on price, as these factors often drive variation within a narrow range.
>> Comparable Sales: 7 Statesman Circuit sold for $770,000; 17 Statesman Circuit sold for $586,500 | Property Price Band: $700k to $800k | Value Drivers: land size, condition, school catchment
Detailed Independent Property Report prepared by PropCred Analyst team for 13 Statesman Circuit, Cranbourne East VIC 3977
Checks found:
Value Risk
✕
2
Liquidity Risk
✕
2
Planning Risk
✓
Income Risk
✓
Execution Risk
✕
2
Market Insight
Cranbourne East, a family-focused corridor southeast of Cranbourne, holds a median house price of $740,000, with annual growth between 3.5% and 4.7% over the past year. Demand is driven by trade-oriented households on moderate incomes, reinforcing the residential profile. Houses sell in a median 23 to 31 days on a sales volume of roughly 450 per year. Prices run 5.2% above Cranbourne and turn over 39.5% faster than Clyde North. The unit segment is weak, with only 22 sales in 12 months and limited rental activity, leaving the suburb dependent on detached housing. Sustained family demand and infrastructure-linked development underpin future growth, but the thin unit market is a constraint.
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
475m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst