7/139 Endeavour Drive, Cranbourne North VIC 3977
7/139 Endeavour Drive, Cranbourne North VIC 3977
2-bed unit | investor/downsizer stock | family suburb with train access | compact footprint | flood overlay nearby
This compact unit serves a specific niche within a suburb dominated by detached family houses. Its strongest advantage is the lower entry price and rental yield potential, which suits investors seeking steady demand or downsizers trading large homes for ease of maintenance. The location offers practical access to train stations, shopping, and freeway links, while the long-established resident base suggests stability. For a buyer wanting minimal upkeep with urban convenience, this configuration holds clear appeal.
The property’s value may be influenced by its small indoor and outdoor scale, which limits appeal for families and could narrow the buyer pool on resale. The flood overlay detected on nearby properties might raise insurance costs or affect lender appetite, and the lack of unit-specific character features could make presentation a key price lever. Comparing this unit against detached sales on the same street may feel disjointed, so buyers should weigh the trade-off between affordability and long-term demand.
>> Comparable Sales: 4/139 Endeavour Drive sold at $475k, 28 Endeavour Drive sold at $711k | Property Price Band: $450k–$550k | Value Drivers: condition, layout, flood overlay impact
Detailed Independent Property Report prepared by PropCred Analyst team for 7/139 Endeavour Drive, Cranbourne North VIC 3977
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Cranbourne North is an established south-eastern growth corridor suburb with a strong owner-occupier base (73.6%) and a young demographic skew: residents aged 20–39 dominate, families make up 52.5%, and most households fall into middle-to-upper income brackets. That profile, dominated by professionals and trades, underpins steady demand for affordable family housing. House prices sit at a median of roughly $761,000–$793,000 depending on the source, with annual growth between 5.6% and 7.7%; REIV’s latest quarterly figure shows a 4.6% lift. Units are tighter: medians range from $530,000 to $564,000, with growth as high as 10.5% annually. Houses sell in 20–32 days per agency data, though Boomscore’s 87-day average suggests some listings linger well beyond the Victorian norm. Rents are $580–$590 weekly for houses and $450–$520 for units, delivering gross yields of 4.04% and 4.91% respectively. Annual house turnover is steady at 402–418 sales. No explicit demand-driver or supply data was provided, but the primary constraint is the slower sell-time indicator, which warrants caution despite otherwise firm price momentum.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
13m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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