Gladstone Park at a glance
8,131
People
$830,000
Median sale
$518/wk
Median rent
3.25%
Suburb gross yield
Median sale from 89 recorded sales (last 12 months) — a Districts calculation.
VIC › Gladstone Park › Drake Cl
$847,000
Last sold
17 Oct 2025
3
Bedrooms
1
Bathrooms
4
Car spaces
585 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
$847,000
17 Oct 2025 · derived via latest_sale
Local land rate: recorded House sales in Gladstone Park (last 5 years) with land size have a median of $1,419/m² of land (n=134). Districts calculation from recorded sales — not a valuation.
Gladstone Park at a glance
8,131
People
$830,000
Median sale
$518/wk
Median rent
3.25%
Suburb gross yield
Median sale from 89 recorded sales (last 12 months) — a Districts calculation.
Vs Gladstone Park
+2.0%
Median sale
Suburb $830,000
-0.07 pp
Gross yield
Suburb 3.25%
Suburb median $830,000 from 89 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 $518/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
Gladstone Park at a glance
8,131
People
$830,000
Median sale
$518/wk
Median rent
3.25%
Suburb gross yield
Median sale from 89 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White Gladstone ParkPerfectly positioned on the Drake Close & Lyndhurst Road corner on a prime 585m2 approx. allotment, this beautifully updated home is ideally suited for first home buyers, investors & potential developers.
Highlighted by a picture perfect façade sitting nice & high up across an extra wide allotment, step inside to a bright interior offering polished floorboards throughout. Consisting of a spacious open-plan living & meals area and a large bright kitchen including island bench & stainless steel appliances including free-standing oven & dishwasher. On offer are three bedrooms all fitted with BIR's, bright central bathroom & laundry with ample cupboard space.
Features include ducted heating, evaporative cooling, x2 split system units and fantastic off street parking with two driveways - one leading to a double garage & the second offering another two car-spaces secured behind a remote roller door, as well as side gate access to the rear yard.
Entertaining will be a pleasure beneath the fantastic covered decking offering a lovely outlook out over the suburbs, whilst there is still a large grassed backyard for the kids & pets to run around in.
A lovely home with fantastic garaging and entertaining, on a prime corner position… You'll need to be quick!
Land: Approx. 585m2
Settlement: 60 - 90 days
Auction: Saturday 18th October 11am
(unless sold prior)
Phillip Mercieca - 0402 419 827
phillip.mercieca@raywhite.com
Rah Anasril - 0422 166 343
rah.anasril@raywhite.com
Listing description written by Phillip Mercieca, Ray White Gladstone Park — reproduced as published, not verified by Districts.