14 Susan Street, Sandringham VIC 3191
14 Susan Street, Sandringham VIC 3191
3-bed family house on 570m² | 3-car parking is rare for the size | Strong owner-occupier suburb near the bay | Priced above the local 3-bed median
The standout feature here is the three-car accommodation, which is genuinely uncommon for a 570m² block and gives this house a practical edge over most comparable family homes in Sandringham. The configuration suits an established family or upsizer who wants a proper landed house with generous parking, not a compromise property. Being within walking distance of Sandringham Primary and set in a suburb with a very high owner-occupier rate, demand should be steady and buyer intent serious. This property sits in the upper-middle segment of the local detached market, and its land size combined with the parking advantage positions it well for families who plan to stay long term.
The price guide sits noticeably above the typical 3-bed house in the suburb, which suggests the value is being driven by land, layout, and the parking edge rather than any standout internal finish or view, since those details are not clearly established. The 2017 sale price gives some historical context, but the market has moved considerably since then, so that figure should only be used as a rough reference point. Buyers should weigh whether the extra parking and block size justify the premium over other 3-bed options, and consider what similar larger houses nearby have achieved recently when forming their own view on fair value.
|| Comparable Sales: 2A Susan St sold 2015 at $1.8M; 19 Susan St sold 2023 at higher level for larger format | Property Price Band: $2.2M–$2.3M | Value Drivers: land size, three-car parking, proximity to primary school
Detailed Independent Property Report prepared by PropCred Analyst team for 14 Susan Street, Sandringham VIC 3191
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Sandringham is a premium bayside suburb with direct rail to the CBD; median house prices sit around $2.1 million and units near $725,000. Annual house growth is subdued (from -2.3% to 2.1%); unit growth varies from -6.9% to 2.2%. Demand is driven by affluent families and professionals seeking beachfront lifestyle, strong schools, and commuter access; owner-occupiers dominate. Sales volumes are moderate at 94-120 houses annually, with houses taking 49-70 days to sell. Rental yields are thin for houses at 2.8-3.3%, but units return 4.5-5.2%. Future growth relies on lifestyle appeal and school quality, though affordability constraints, rate sensitivity (auction clearance 44.9%), and limited supply temper upside.
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PropCred Estimated Value
Comparable Sales: 2A Susan St sold 2015 at $1.8M; 19 Susan St sold 2023 at higher level for larger format | Property Price Band: $2.2M–$2.3M | Value Drivers: land size, three-car parking, proximity to primary school
Bedrooms
3
Bathroom
2
Parking
3
Land
570m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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