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VIC › Pascoe Vale South › Cumberland Rd

104D/23 Cumberland Rd, Pascoe Vale South VIC 3044

For saleApartment

$5,450,005–$5,500,082

For sale

Asking range

2

Bedrooms

2

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $5,450,005–$5,500,082 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $5,450,005–$5,500,082(Listing record · 13 June 2026)
  • CalculationAsk is 319% above the Pascoe Vale South median recorded sale ($1,300,000, n=40, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Pascoe Vale South's advertised median rent ($570/wk), implied gross yield would be 0.54% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

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

The ask against the evidence

Asking

$5,450,005–$5,500,082

Asking range

No recorded sale for this property.

Pascoe Vale South at a glance

11,095

People

$1,300,000

Median sale

$570/wk

Median rent

2.28%

Suburb gross yield

Median sale from 40 recorded sales (last 12 months) — a Districts calculation.

See the full Pascoe Vale South report →

Vs Pascoe Vale South

+319.2%

Median sale

Suburb $1,300,000

-1.74 pp

Gross yield

Suburb 2.28%

Suburb median $1,300,000 from 40 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$5,450,005
Stamp Duty (Victoria)
$334,250
Transfer/Registration Fee
$3,614
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$5,791,569

$341,564 on top of the price (6.3% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Pascoe Vale South's advertised median rent — not a rent for this listing.

Net yield
-0.96%
Annual cashflow (pre-tax)
$-335,510
Interest cover (DSCR)
-0.18
Annual rent
$29,640
Operating expenses
$81,750
Loan amount
$4,360,004
Annual interest
$283,400
Gross yield
0.54%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

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. Listed$5,450,005–$5,500,082available13 June 2026

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 $570/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

Gross yield if leased at the suburb aggregate is 0.5%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. 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

Pascoe Vale South in one glance

Pascoe Vale South at a glance

11,095

People

$1,300,000

Median sale

$570/wk

Median rent

2.28%

Suburb gross yield

Median sale from 40 recorded sales (last 12 months) — a Districts calculation.

See the full Pascoe Vale South report →

Keep researching

  • Why Pascoe Vale South? Read the area thesis →
  • What else is on the market in Pascoe Vale South →
  • Other records on Cumberland Rd →

Listing material

Listed by PROPNEX MELBOURNE

Premium 2-Bed, 2-Bath Apartment in Prime Pascoe Vale South Location

Selling Price: $545,000 to $555,000 - Total size 82sqm

Property Type: Apartment

2 Bedrooms

Read the full description

2 Bathrooms

1 Car Space

Private balcony

Masterbedroom with ensuite and a small corner with a study area

Light-Filled, Open-Plan Design

Step inside to discover a charismatic, thoughtfully zoned floor plan designed to maximize natural light. The heart of the home features a generous, sun-drenched open-plan living and dining area that flows effortlessly out to a private balcony-perfect for morning coffees or evening relaxation. The sleek, gourmet kitchen is a chef's delight, boasting premium stone benchtops, ample cabinetry, and quality stainless steel appliances including a dishwasher.

Comfortable and Private Accommodation

Both bedrooms are well-proportioned and feature excellent storage with built-in robes. The master bedroom serves as a private retreat complete with its own sparkling modern ensuite. A second stylish, full-sized central bathroom services the rest of the apartment, ensuring complete convenience for residents and guests alike.

A Highly Connected Suburb Lifestyle

Location is everything, and this apartment places you right in the center of the action. Enjoy effortless commuting with quick access to CityLink, making a trip to the Melbourne CBD or Tullamarine Airport incredibly fast. You are also moments away from Bell Street, local bus routes, and the Upfield/Craigieburn railway lines. For your weekends, enjoy the close proximity to leafy bike trails, local cafes, and vibrant shopping precincts.

Families will appreciate the exceptional educational opportunities on offer, with the property sitting safely within the highly coveted Strathmore Secondary College zone and near Pascoe Vale Primary School.

Key Features:

Modern Interior: Open-plan living/dining area with floor-to-ceiling windows capturing bright, inviting views.

Bedrooms & Bathrooms: 2 spacious bedrooms.

Secure Parking : Includes 1 secure under-cover car space

Elite School Zoning: Zoned for Strathmore Secondary College and Pascoe Vale Primary School.

Prime Location: Minutes from public transport, CityLink, local cafes, and childcare facilities.

Don't miss this opportunity - ideal for families or professionals seeking space and comfort in the heart of Pascoe Vale and investor looking for long term growth.

Contact us today to arrange an inspection! Limited Units Available.

Disclaimer

Whilst we endeavor to represent this property information to the best of our knowledge and have no reason to doubt any inaccuracy, this information has been provided to us by the property owner and we, therefore, accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in any information. We encourage buyers to make their own inquiries and refer you to the due diligence checklist provided by Consumer Affairs for further information: http://www.consumer.vic.gov.au/duediligencechecklist

Listing description written by Andrew ZiZheng Huang, PROPNEX MELBOURNE — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Built-in Robes
  • Dishwasher
  • Floorboards
  • Intercom
  • Secure Parking
  • 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.