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VIC › Olinda › Plowman St

1 Plowman St, Olinda VIC 3788

House

$878,000

Last sold

20 Jan 2020

3

Bedrooms

2

Bathrooms

6

Car spaces

1,794 m²

Land

143 m²

Building

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $878,000 (20 Jan 2020).(Recorded sale)
  • CalculationLand 1,794 m² against a 143 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationRecorded House sales in Olinda (last 5 years) with land size: median $441/m² of land (n=81). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

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

What this lot has actually traded at

Last sold

$878,000

20 Jan 2020 · derived via latest_sale

Local land rate: recorded House sales in Olinda (last 5 years) with land size have a median of $441/m² of land (n=81). Districts calculation from recorded sales — not a valuation.

Olinda at a glance

1,741

People

$1,180,000

Median sale

$629/wk

Median rent

2.77%

Suburb gross yield

Median sale from 13 recorded sales (last 12 months) — a Districts calculation.

See the full Olinda report →

Vs Olinda

-25.6%

Median sale

Suburb $1,180,000

+0.96 pp

Gross yield

Suburb 2.77%

Suburb median $1,180,000 from 13 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

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. Sold$878,00020 Jan 2020
  2. Listedprice unknowncompleted14 Nov 2019
  3. Listedprice unknowncompleted14 Nov 2019

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 $629/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

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

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

Olinda in one glance

Olinda at a glance

1,741

People

$1,180,000

Median sale

$629/wk

Median rent

2.77%

Suburb gross yield

Median sale from 13 recorded sales (last 12 months) — a Districts calculation.

See the full Olinda report →

Keep researching

  • Why Olinda? Read the area thesis →
  • What else is on the market in Olinda →
  • Other records on Plowman St →

Listing material

Listed by Surreal Property Group Bayswater

LIFESTYLE IN A PIECE OF PARADISE

UNDER CONTRACT

Rare and remarkable character home on a near level 1794m2 (approx.) corner block offering you your very own piece of paradise. Superbly crafted built only (fourteen-year-old), three bedrooms residence defined by period features, high end finishes and appointments and light, airy interiors with stunning garden views. Discover an impeccably presented home filled with character inside and out, but with all the comfort and convenience of a modern home with nothing to do but move in and enjoy. Entertain family and friends in the expansive north facing living area and dining room with French doors opening to a large covered deck.

Many a party has been had in this much loved home over the years. Cook up a storm in the beautifully appointed Sydney redgum kitchen with quality stainless steel appliances including Asko dishwasher and 900mm freestanding stove, stone benchtops, glass splashback and fabulous large butler's pantry plus laundry with blackwood benchtop and Italian tiles. In fact, blackwood benchtops, Italian tiles and glass splashbacks can be found in both bathrooms as well.

Read the full description

The home features three good sized robed bedrooms all with magnificent leafy outlooks, serviced by a splendid main bathroom with spa bath and exposed shower and tapware. The sumptuous master is particularly spacious with luxurious ensuite, mirrored robes, large windows overlooking the verdant front garden and French doors opening to serene veranda, a delightful place to enjoy your morning coffee. The fabulous expansive floorplan is complemented by old world character features and top quality appointments including elegant custom leadlight front door and side panels, lofty high ceilings, timber lining board walls and ceilings, sash windows, solid timber doors, French doors, double skinned polished hardwood floors, double glazed light wells, triple insulated blinds, gorgeous Pacific woodburning stove in the lounge room, gas ducted heating, split system, ceiling fans and twelve solar panels*

From the moment you arrive at this property you know that you are somewhere very special. The custom made front gate and lush surrounds is a dramatic and unexpected delight and sets the stage for the rest of this stunning home and rare near level and very private 1794m2 (approx.) garden. Filled with exquisite established trees and old world plants that make a hills garden a "hills garden" including peonies, clematis, azaleas, lily of the valley, David Austin roses and fruit trees just to name a few. The securely fenced garden also features drystone wall, bitumen and stone and pebble driveway, paths and paved areas, large shed, single carport plus off- street parking, fantastic chook shed and gorgeous studio/teenage pad with leadlight windows.

This stunning property offers a peaceful and secluded retreat in a sought- after location within easy access to Olinda Restaurants & Café's and shops, sports oval, quality schools and with a bus stop on the doorstep, short distance to Olinda Swimming Pool. Also, only 5 minutes to Monbulk Supermarket and Mt. Dandenong Shops. Come and inspect this Beautiful property and Experience your dream come true. **(Inspection during the week by Appointment) and this Saturday OFI *The High Standard of Material used to Build this property-

it will blow you away. PLEASE TAKE THE TIME TO INSPECT THIS BEAUTIFUL HOME!!

Listing description written by Don Mitrevski, Surreal Property Group Bayswater — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Toilets: 2
Districts

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

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.