Parkdale at a glance
12,762
People
$1,597,500
Median sale
$574/wk
Median rent
1.87%
Suburb gross yield
Median sale from 54 recorded sales (last 12 months) — a Districts calculation.
VIC › Parkdale › Cherrington Ct
$955,000
Last sold
20 Sept 2025
2
Bedrooms
1
Bathrooms
2
Car spaces
590 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Last sold
$955,000
20 Sept 2025 · derived via latest_sale
Local land rate: recorded House sales in Parkdale (last 5 years) with land size have a median of $2,346/m² of land (n=34). Districts calculation from recorded sales — not a valuation.
Parkdale at a glance
12,762
People
$1,597,500
Median sale
$574/wk
Median rent
1.87%
Suburb gross yield
Median sale from 54 recorded sales (last 12 months) — a Districts calculation.
Vs Parkdale
-40.2%
Median sale
Suburb $1,597,500
+1.26 pp
Gross yield
Suburb 1.87%
Suburb median $1,597,500 from 54 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning 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.
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
No advertised rent is recorded. Suburb median rent $574/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
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.”
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
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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Parkdale at a glance
12,762
People
$1,597,500
Median sale
$574/wk
Median rent
1.87%
Suburb gross yield
Median sale from 54 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Hodges Mentone / ChelseaThe opportunity you’ve been waiting for — a 590sqm (approx.) allotment (20.4m approx. wide x 28.7m approx. deep) in the blue-chip suburb of Parkdale. Tucked away in a charming court with a north facing back yard, just steps from Parkdale Primary School, Parkdale Plaza, and a short walk or drive to Parkdale Village’s buzzing cafes, restaurants and brand-new train station — this is the perfect canvas for those wanting to renovate, rebuild or develop (STCA). Behind the modest façade of this rare and versatile block lies more potential than you can imagine. There are two existing dwellings on-site — each with its own access — both requiring work to bring them back to their former glory or into today’s living standard.The main dwelling is a character-filled 2-bedroom original bungalow, featuring high ceilings, a spacious main bedroom, generous family living room, updated galley-style kitchen, and lockup garage. The rear attached dwelling (granny flat) includes 1 large bedroom, 1 bathroom, a living area, kitchen, and its own carport & drive access. Make one liveable while renovating the other. Roll up your sleeves to create a charming family compound or dual-income property. Rebuild or explore dual occupancy/multidwelling options (STCA) or just build your dream home.Whether you're a future homeowner, savvy renovator, developer, or family looking for your next chapter, this is your chance to claim a generous parcel of land and secure your own slice of bayside bliss in one of Melbourne’s most sought-after bayside suburbs. Not to mention you’re in the school zone for Mentone Girls’ Secondary College and Parkdale Secondary College, and within easy reach of bayside’s elite private schools – this is an opportunity not to miss!
For all enquiries contact Mark Eddy 0408 198 308
Listing description written by Mark Eddy, Hodges Mentone / Chelsea — reproduced as published, not verified by Districts.