Montrose at a glance
6,858
People
$975,000
Median sale
$608/wk
Median rent
3.24%
Suburb gross yield
Median sale from 28 recorded sales (last 12 months) — a Districts calculation.
VIC › Montrose › Patricia Ave
$1,445,000
Last sold
21 Dec 2022
5
Bedrooms
3
Bathrooms
2
Car spaces
1,103 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
$1,445,000
21 Dec 2022 · derived via latest_sale
Local land rate: recorded House sales in Montrose (last 5 years) with land size have a median of $904/m² of land (n=101). Districts calculation from recorded sales — not a valuation.
Montrose at a glance
6,858
People
$975,000
Median sale
$608/wk
Median rent
3.24%
Suburb gross yield
Median sale from 28 recorded sales (last 12 months) — a Districts calculation.
Vs Montrose
+48.2%
Median sale
Suburb $975,000
-1.05 pp
Gross yield
Suburb 3.24%
Suburb median $975,000 from 28 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 $608/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
Montrose at a glance
6,858
People
$975,000
Median sale
$608/wk
Median rent
3.24%
Suburb gross yield
Median sale from 28 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Bell Real Estate MontroseImposing, luxurious and set on a sprawling 1102m2 in an ultra-convenient location minutes from the heart of Montrose Village, this spectacular super-sized residence on a corner block is just 6 years old presenting as new for its next lucky family. Be swept away by grand scale living spaces that span 45 squares superbly blending remarkable elegance and entertaining allure with multigenerational appeal. With a floating staircase connecting two lavish levels, striking wide entrance hallway and soaring ceilings flooding the home in natural light, this home is the ultimate modern family retreat.
Unwind in complete luxury with an immensely practical layout delivering multiple living spaces, including quiet lounge/theatre room, and vast open-plan casual living and dining areas granting plenty of opportunities for much-loved togetherness, as well as highly desired privacy for the whole family.
Whether it's enjoying a family movie night, hosting large-scale soirees or sneaking away for a little peace and quiet, whatever your mood, this remarkable residence will effortlessly oblige.
You'll easily join the family conversation as dinner simmers in the open plan living/dining zone with a gourmet kitchen at the helm. Swathes of stone including a grand island bench complement stainless-steel appliances and a luxe butler’s pantry with garden gazes to the backyard courtesy of a window splashback adding appeal.
There are two 'Master Style' bedrooms, one upstairs and one on the lower level, both enjoying rain shower ensuites and walk in robes and decadent bathtubs adding a true sense of sanctuary. The downstairs bedroom ideally serves as guest or in-law accommodation depending on your lifestyle needs. Three additional bedrooms – all lavish in size with robes – are quietly housed upstairs with access to the sparkling family bathroom.
Also upstairs – a large rumpus/retreat space for movies, turning up the volume with friends or a great spot to study or do some art and craft with the built-in wrap desk.
Spill via glass sliders to an all-season wrap deck where celebrations will continue well into the night as the kids safely play on the lush blankets of lawn. It’s a wonderful space that encourages an effortless indoor/outdoor lifestyle – one you’ll relish with such an incredible backyard with views of the hills as a blissful backdrop.
And those seeking a more self-sufficient life will savour the homegrown harvests from the flourishing veggie garden (dog proof) and the pomegranate, fig, feijoas, olive, mandarin, lemon, Kiwi fruit, kefir lime and orange trees along with vines of passionfruit, raspberries and blackberries. There’s also a hen house ready and waiting for your silkies and isa browns.
More to Love:
• Five bedrooms (two masters), three bathrooms, three living zones, four toilets.
• One owner home (built in 2013).
• Home office ideal for the home executive or business owner
• Gas ducted heating and evaporative cooling for seasonal comfort.
• Double auto garage with internal entry and rear door access.
• Loads of storage throughout
• Landscaped gardens
• Solar panels, security alarm, powder room and double blinds
• Family friendly community with fun neighbourhood celebrations including Halloween.
• Footsteps from the Adventure Park and Hahndorf’s for your daily caffeine fix
• A short walk to The Montrose Cricket and Football Club and a short drive to the top of Mount Dandenong.
Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice.
Listing description written by Ryan Bell, Bell Real Estate Montrose — reproduced as published, not verified by Districts.