18 Statesman Drive, Kurunjang VIC 3337
18 Statesman Drive, Kurunjang VIC 3337
Detached house on large block | Family-oriented street | Strong land content | Suburban-edge setting | Local school catchment
This property sits in a pocket of Kurunjang where detached houses on generous allotments are the norm, and the street-level evidence points to a configuration that favours families seeking space without moving to a full acreage holding. The large-lot character of the immediate area gives this house a competitive edge over standard suburban offerings, as it offers room for outdoor living, parking flexibility, and potential for future extension or redevelopment subject to council approval. It is best suited to owner-occupiers—particularly first-home buyers or young families—who value yard space, a quiet residential street, and proximity to local schools over walkability to shops or public transport.
The value of this property may be influenced by how its land size and dwelling condition compare to other houses on similar blocks in the street and surrounding area. Presentation and interior finishes could shift buyer perception meaningfully, especially if the house is dated or requires immediate updating. The absence of premium amenities like rail access or a major town centre nearby might cap price growth relative to more connected suburbs, but the large block itself provides a tangible buffer against that limitation. Buyers should weigh the cost of any renovations against the long-term advantage of holding land in a low-density, family-oriented neighbourhood.
Detailed Independent Property Report prepared by PropCred Analyst team for 18 Statesman Drive, Kurunjang VIC 3337
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Kurunjang, 39km west of Melbourne’s CBD, is a family-dominated market where 47% of households are couples with children and the largest cohort is under nine. Buyers are predominantly local purchasers – 50% of residents – many working in trades on mid-range incomes. House prices have risen 9.7–13.2% annually, lifting medians to roughly $535,000–$600,000; units sit near $440,000–$459,000 with 10.1% growth. Sales volume is solid at 181–215 houses yearly, yet houses average 19–49 days on market and auction clearance ranges 48.6–79.5%, pointing to a market with variable momentum. Population expanded 6.37% since 2016, and stable house rents around $420–$430 weekly underpin gross yields of 3.7–4%. Future pressure comes from ongoing demographic growth, but constraints include affordability stretch at higher bedroom-specific medians ($570,000–$681,000) and thin unit turnover of 4–7 annual sales.
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PropCred Estimated Value
Comparable Sales: 21 Statesman Drive sold for $455,000; 15 Dunvegan Drive guided at $410,000–$450,000 | Property Price Band: $400,000–$500,000 | Value Drivers: land size, dwelling condition, street appeal
Bedrooms
4
Bathroom
2
Parking
2
Land
1076m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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