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VIC › Cranbourne West › Pegasus Rd

45 Pegasus Rd, Cranbourne West VIC 3977

For saleHouse

$900,000–$969,000

For sale

Asking range

$693,000

Last sold

27 Mar 2021

4

Bedrooms

2

Bathrooms

2

Car spaces

480 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $900,000–$969,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $900,000–$969,000(Listing record · 19 Aug 2026)
  • FactLand 480 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Cranbourne West (last 5 years) with land size: median $1,400/m² of land (n=24). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationIf it leased at Cranbourne West's advertised median rent ($570/wk), implied gross yield would be 3.29% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$900,000–$969,000

Asking range · $1,875/m² of land

Last recorded sale $693,000 (27 Mar 2021).

Local land rate: recorded House sales in Cranbourne West (last 5 years) with land size have a median of $1,400/m² of land (n=24). Districts calculation from recorded sales — not a valuation.

Cranbourne West at a glance

20,239

People

No data

Median sale

$570/wk

Median rent

No data

Suburb gross yield

See the full Cranbourne West report →

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$900,000
Stamp Duty (Victoria)
$49,070
Transfer/Registration Fee
$2,210
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$954,980

$54,980 on top of the price (6.1% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Cranbourne West's advertised median rent — not a rent for this listing.

Net yield
1.79%
Annual cashflow (pre-tax)
$-30,660
Interest cover (DSCR)
0.34
Annual rent
$29,640
Operating expenses
$13,500
Loan amount
$720,000
Annual interest
$46,800
Gross yield
3.29%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

202120232026$693k$900k
  • Sold (recorded)
  • Asking price (not a sale)
  1. Listed$900,000–$969,000available19 Aug 2026
  2. Sold$693,00027 Mar 2021
  3. Listedprice unknowncompleted18 Mar 2021

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $570/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 3.3%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Cranbourne West in one glance

Cranbourne West at a glance

20,239

People

No data

Median sale

$570/wk

Median rent

No data

Suburb gross yield

See the full Cranbourne West report →

Keep researching

  • Why Cranbourne West? Read the area thesis →
  • What else is on the market in Cranbourne West →
  • Other records on Pegasus Rd →

Listing material

Listed by Gr8 Est8 Agents

BEAUTIFULLY RENOVATED FAMILY ENTERTAINER – SPACE, STYLE & LOCATION!

BEAUTIFULLY RENOVATED FAMILY ENTERTAINER – SPACE, STYLE & LOCATION!

45 Pegasus Road, Cranbourne West

4 Bedrooms | 2 Bathrooms | 2 Car Garage | Renovated Family Living

Read the full description

Welcome to 45 Pegasus Road, Cranbourne West, a beautifully renovated and immaculately presented family home offering the perfect combination of modern style, everyday comfort, generous accommodation and fantastic outdoor living.

Positioned in a quiet and family-friendly pocket of Cranbourne West, this impressive four-bedroom residence has been thoughtfully updated so the next owners can simply move in, unpack and start enjoying their new home from day one.

From the stunning renovated kitchen with stone benchtops, stylish splashback and SMEG appliances, through to the spacious bedrooms and large backyard, this is a home designed around comfortable family living and entertaining.

Whether you're a growing family looking for more space, a first-home buyer wanting something already renovated or an investor searching for a quality property in a highly convenient location, 45 Pegasus Road is one you won't want to miss.

A BEAUTIFUL HOME FROM THE MOMENT YOU ARRIVE

Step inside and immediately appreciate the fresh, modern feel and practical family floorplan.

The home offers plenty of room for everyday living while maintaining a warm and welcoming atmosphere. The renovated finishes give the property a contemporary edge, while the spacious layout provides the flexibility families need as they grow.

With the kitchen, living and dining areas forming the heart of the home, there is plenty of space for the family to come together while still enjoying separate bedrooms and private areas when needed.

THE KITCHEN YOU'VE BEEN WAITING FOR

If you love cooking, entertaining or simply spending time together as a family, the beautifully renovated kitchen is sure to impress.

Finished with quality stone benchtops and a stylish splashback, the kitchen offers excellent preparation space and a clean, contemporary look.

Quality appliances include a SMEG 900mm oven and large five-burner cooktop, providing plenty of room to prepare everything from everyday family meals to large dinners when entertaining guests.

Adding even more functionality is the highly desirable walk-in pantry, providing excellent additional storage for groceries, appliances and kitchen essentials.

With plenty of bench space, storage and quality finishes, this is a kitchen that doesn't just look great — it's designed to work for a busy family.

SPACIOUS MASTER SUITE WITH BACKYARD ACCESS

The master bedroom provides parents with their own comfortable and private retreat.

Generously proportioned and complete with a full ensuite, it offers everything you need to relax at the end of the day.

A standout feature is the sliding-door access directly to the backyard, allowing you to open the room to the outdoors and enjoy fresh air and natural light. It's a fantastic feature that gives the master suite an additional sense of space and connection to the outdoor areas.

ROOM FOR THE WHOLE FAMILY

The remaining three bedrooms are well positioned throughout the home and each features built-in robes, providing excellent storage for children, teenagers, guests or extended family.

These bedrooms are conveniently serviced by the main family bathroom, creating a functional layout that works perfectly for busy households. With four bedrooms in total, there is also flexibility to use one as a home office, study or guest room depending on your family's needs.

A BACKYARD THE KIDS WILL LOVE

Step outside and discover one of the home's biggest attractions — the large family backyard.

There is plenty of space for children to run around and play, while still providing room for adults to relax and entertain.

Imagine summer BBQs, birthday parties, family gatherings and weekends spent outside with friends while the kids enjoy the backyard.

For families searching for a home where outdoor space is important, this property delivers the room and flexibility you've been looking for.

Whether you want to create a children's play area, add your own garden, entertain family and friends or simply enjoy having some extra outdoor space, there are plenty of possibilities.

DESIGNED FOR YEAR-ROUND COMFORT

Comfort has been well considered throughout the property, with heating and cooling helping keep the family comfortable throughout Melbourne's changing seasons.

Combine these features with the home's renovations and practical floorplan and you have a property designed to make everyday family life comfortable and convenient.

PROPERTY FEATURES

Four spacious bedrooms

Two bathrooms

Double garage

Beautifully renovated family home

Generous master bedroom

Full private ensuite to master

Sliding-door access from master bedroom to backyard

Three additional bedrooms with built-in robes

Central main family bathroom

Spacious family living areas

Renovated kitchen

Quality stone benchtops

Stylish modern splashback

SMEG 900mm oven

Five-burner cooktop

Walk-in pantry

Excellent kitchen storage

Generous bench and preparation space

Heating

Cooling

Large family backyard

Plenty of room for children to play

Fantastic space for entertaining family and friends

Practical family-friendly floorplan

Double-car accommodation

Quiet residential street

Move-in-ready presentation

A LOCATION THAT MAKES FAMILY LIFE EASY

One of the major advantages of 45 Pegasus Road is its convenient Cranbourne West location.

Everything a busy family needs is within easy reach, including local schools, childcare, shopping facilities, parks, playgrounds, public transport and recreational facilities.

For those who enjoy golf or outdoor activities, you're also conveniently located near local golf facilities, while easy access to major roads and freeway connections makes travelling throughout Melbourne's south-east straightforward.

Public transport options are also nearby, making the location practical for commuters, students and families with older children.

It's the type of location where you can enjoy the peace and comfort of a quiet residential street while still being close to all the everyday essentials.

RENOVATED, READY & WAITING FOR YOU

Why spend your weekends renovating when the hard work has already been done?

At 45 Pegasus Road, Cranbourne West, you can simply move in and start enjoying everything this fantastic family home has to offer.

The combination of a renovated kitchen, stone benchtops, SMEG appliances, walk-in pantry, four bedrooms, master ensuite, heating and cooling and a large backyard creates a complete family package.

Homes offering this combination of presentation, space, outdoor living and location are always highly sought after.

YOUR NEXT CHAPTER STARTS HERE

Picture the kids playing in the backyard while you're preparing dinner in your beautiful renovated kitchen. Imagine entertaining family and friends on the weekends, relaxing in your spacious master suite and enjoying the convenience of having schools, shops, transport and recreation all close to home.

45 Pegasus Road isn't just a house — it's a home designed for family life.

All that's left to do is move in, make it your own and start creating new memories.

Don't miss this opportunity. Contact Team Leo & Sienna today to arrange your inspection.

All the hard work has been done so make sure you add this to your list as it wont last!!!

Call Leo 0434 929 184

PHOTO ID IS REQUIRED ON ALL INSPECTIONS

“Selling? Get Gr8. Get SOLD! Trustworthy – Transparent – Proven Results

*All information contained therein is gathered from relevant third party sources. We cannot guarantee or give any warranty about the information provided.

Listing description written by Leo Zeneli, Gr8 Est8 Agents — reproduced as published, not verified by Districts.

Property features

  • Built-in Robes
  • Dishwasher
  • Ducted Heating
  • Ensuites: 1
  • Fully Fenced
  • Living Areas: 2
  • Outdoor Entertaining
  • Remote Garage
  • Toilets: 2
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.