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VIC › Cranbourne East › Portbury Circuit

Lot 2 Portbury Circuit, Cranbourne East VIC 3977

For saleHouse

$754,320

For sale

Asking

4

Bedrooms

2

Bathrooms

2

Car spaces

300 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $754,320 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $754,320(Listing record · 7 Oct 2024)
  • FactLand 300 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Cranbourne East (last 5 years) with land size: median $1,469/m² of land (n=37). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationIf it leased at Cranbourne East's advertised median rent ($605/wk), implied gross yield would be 4.17% — 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

$754,320

Asking · $2,514/m² of land

No recorded sale for this property.

Local land rate: recorded House sales in Cranbourne East (last 5 years) with land size have a median of $1,469/m² of land (n=37). Districts calculation from recorded sales — not a valuation.

Cranbourne East at a glance

29,720

People

No data

Median sale

$605/wk

Median rent

No data

Suburb gross yield

See the full Cranbourne East report →

Total cost to purchase

Purchase Price
$754,320
Stamp Duty (Victoria)
$40,329
Transfer/Registration Fee
$1,869
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
$800,218

$45,898 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

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

Net yield
2.67%
Annual cashflow (pre-tax)
$-19,079
Interest cover (DSCR)
0.51
Annual rent
$31,460
Operating expenses
$11,315
Loan amount
$603,456
Annual interest
$39,225
Gross yield
4.17%

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

  1. Listed$754,320available7 Oct 2024

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 $605/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 4.2%. 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 East in one glance

Cranbourne East at a glance

29,720

People

No data

Median sale

$605/wk

Median rent

No data

Suburb gross yield

See the full Cranbourne East report →

Keep researching

  • Why Cranbourne East? Read the area thesis →
  • What else is on the market in Cranbourne East →
  • Other records on Portbury Circuit →

Listing material

Listed by The Avenue Property Co.

FULLY TURNKEY HOME TO BE BUILT BY AN AWARD-WINNING BUILDER

Discover the charm of contemporary living in this well-designed family retreat located in the vibrant Golden Rise Estate in Cranbourne East.

This single-storey home is ideal for first-home buyers, young families, and investors. Set on a 300m²* allotment, the property boasts a master suite with an ensuite and walk-in robe, while the additional bedrooms come with built-in robes. The house also features a full-sized laundry and an open-plan kitchen seamlessly connected to a spacious living area. This fully turnkey home will be constructed by an award-winning builder with years of experience and proven market credibility.

Key construction features:

Read the full description

• 7-star energy rating

• 2590mm* ceiling height

• LED down-lights throughout

• Split system cooling & heating*

• 900mm cooking appliances

• Stainless steel dishwasher

• Designer landscaping

• Full fencing & coloured concrete driveway

Schools: Strategically located within proximity to well-regarded primary schools such as Cranbourne East Primary, Casey Fields Primary, St Thomas the Apostle Catholic Primary School, and exceptional Secondary School options as well with Cranbourne East Secondary and Casey Grammar not far away.

Shopping & Dining; You'll be spoiled with Westfield Fountain Gate Shopping Centre, Cranbourne Park Shopping Centre, Thompson Parkway, and Cranbourne Market to mention just a few which provide entertainment, restaurants, cafes, retail stores, and much more

Location: Local attractions will always be close by with Clyde Recreation Reserve, Casey Fields Sporting Complex, Casey Recreation and Aquatic Centre, and the renowned Cranbourne Royal Botanic Gardens all at your fingertips and within a short drive. While easy access to major roads and transport such as South Gippsland Highway, Eastlink, Western Port Highway, Monash Freeway, Cranbourne and Merinda train station also nearby.

Golden Rise is a desirable and enriching place to call home, representing an exciting opportunity not only to live your dream but to also make it into a reality.

Contact Florence Law 0431 178 880 or George Bornyan 0411 352 222 for further details.

Please see the below link for an up-to-date copy of the Due Diligence Check: https://www.consumer.vic.gov.au/housing/buying-and-selling-property/checklists/due-diligence

Disclaimer: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.

Listing description written by Florence Law, The Avenue Property Co. — reproduced as published, not verified by Districts.

Property features

  • Built-in Robes
  • Courtyard
  • Dishwasher
  • Ducted Heating
  • Ensuites: 1
  • Floorboards
  • Remote Garage
  • Secure Parking

Also look at

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  • Lot 522 Kieffer Circuit Eastleigh Estate, Cranbourne East VIC 3977

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Districts

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

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