Glen Waverley at a glance
46,295
People
No data
Median sale
$688/wk
Median rent
No data
Suburb gross yield
VIC › Glen Waverley › Ingram Ave
$2,100,000
Last sold
2 Mar 2024
5
Bedrooms
3
Bathrooms
2
Car spaces
790 m²
Land
Districts View
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
$2,100,000
2 Mar 2024 · derived via latest_sale
Local land rate: recorded House sales in Glen Waverley (last 5 years) with land size have a median of $2,320/m² of land (n=8). Districts calculation from recorded sales — not a valuation.
Glen Waverley at a glance
46,295
People
No data
Median sale
$688/wk
Median rent
No data
Suburb gross yield
Planning
Planning scheme
ZN
Zone
PRECINCT ZONE - SCHEDULE 5
PRZ5
Jurisdiction
Monash
Monash, VIC
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
VICZoned PRECINCT ZONE - SCHEDULE 5 · PRZ5 (ZN). Official parcel area about 792 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Official parcel about 792 m² — land size can look like optionality. What reduces it: BUILT FORM OVERLAY - SCHEDULE 12; PARKING OVERLAY - PRECINCT 6. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $688/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.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned PRECINCT ZONE - SCHEDULE 5 · PRZ5 (ZN). Official parcel area about 792 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
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?
KnownlowOfficial parcel about 792 m² — land size can look like optionality. What reduces it: BUILT FORM OVERLAY - SCHEDULE 12; PARKING OVERLAY - PRECINCT 6. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. 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
UnknownNo DA adapter returned applications 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
Glen Waverley at a glance
46,295
People
No data
Median sale
$688/wk
Median rent
No data
Suburb gross yield
Listing material
Listed by OBrien Real Estate BlackburnWhat incredible potential there is here at number one's pole position – land, location and a liveable home to lease out while you consider the future of an 790sqms (approx.) block that's a 10-15min walk to The Glen, Glen Waverley Secondary College and the train station.
The prime position has you right in the activity hub of Glen Waverley, in walking distance to the showcase shopping mall, Kingsway restaurants, International hotel chains, Village Cinemas, Monash Aquatic Centre and the district's top ranking public schools.
A flat rectangular block with a north facing rear garden, 9 solar panels with scope to increase, and a wide 20m frontage gives you scope to redevelop (STCA) with a potential new home or town houses in this bustling part of central Glen Waverley.
The exceptional surrounding services – schools, shops, parks, sporting facilities and medical centres – are one of the reasons Glen Waverley has reached a median house price of $1.76mil (Source: REIV 2023 Q4) with a significant commercial centre and the coming upgrade of the Monash Library which is set to expand the library to four times its current size and add a new event space and plaza.
It's all happening in this vibrant hub around The Glen, and your place in it could start here with this magnificent parcel of land in Glen Waverley which represents the tail of the feng shui dragon which begins in Box Hill (body) and Doncaster (head), bringing positive energy to all in its orbit. Not forgetting the projections for a the rail loop from Glen Waverley to the Oakleigh line as well as to Box Hill on the opposite side (aiming for completion in 2026).
Note: Can't attend the auction? No problem, you can still participate online. You can watch, or even bid at this auction online using Anywhere Auction website and app. Contact us or or visit the Anywhere Auctions website to find out more.
Listing description written by Anthony Molinaro, OBrien Real Estate Blackburn — reproduced as published, not verified by Districts.