Devon Meadows at a glance
1,563
People
$1,455,000
Median sale
$593/wk
Median rent
2.12%
Suburb gross yield
Median sale from 5 recorded sales (last 24 months) — a Districts calculation.
VIC › Devon Meadows › Olive Rd
$1,502,000
Last sold
6 Apr 2023
4
Bedrooms
1
Bathrooms
6
Car spaces
20,111 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
$1,502,000
6 Apr 2023 · derived via latest_sale
Local land rate: recorded House sales in Devon Meadows (last 5 years) with land size have a median of $195/m² of land (n=7). Districts calculation from recorded sales — not a valuation.
Devon Meadows at a glance
1,563
People
$1,455,000
Median sale
$593/wk
Median rent
2.12%
Suburb gross yield
Median sale from 5 recorded sales (last 24 months) — a Districts calculation.
Vs Devon Meadows
+3.2%
Median sale
Suburb $1,455,000
-0.07 pp
Gross yield
Suburb 2.12%
Suburb median $1,455,000 from 5 recorded sales (last 24 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 $593/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
UnknownArea
Devon Meadows at a glance
1,563
People
$1,455,000
Median sale
$593/wk
Median rent
2.12%
Suburb gross yield
Median sale from 5 recorded sales (last 24 months) — a Districts calculation.
Listing material
Listed by Impact Realty Group Mount ElizaAre you searching for a property that offers a country lifestyle, a 4-bedroom residence, usable land, and the potential for further development, but still want to live within easy access to city amenities? Well, this outstanding property could be the one for you! Situated on approximately 5 acres (20,111m2), in the semi-rural locale of Devon Meadows, grow your country connection by planting roots into this opportunity.
The delightful home is ideally set back from the road, creating a sense of privacy. The immaculately presented interior offers a grand light filled and spacious open plan living/dining/kitchen, with gorgeous timber look laminate floors defining the space, and an enclosed wood fire adding to the ambience. The impressive updated kitchen features a contemporary country chic colour scheme, a luxuriously oversized island bench with stunning pendants lights and a 900mm freestanding oven cook top combination. There are 4 great sized bedrooms, 2 with built-in wardrobes, a family bathroom, laundry and separate toilet.
Outside, there is a covered verandah and alfresco to enjoy while relaxing or entertaining, plus an impressive list of existing infrastructure to utilise, including a machinery shed with storage mezzanine, garage with carport, additional double carport, bungalow, hay shed, and a storage shed. All of the 5 acres are flat and usable and is currently divided between three large fenced paddocks, with the opportunity to configure the paddocks to suit your needs. There is even a motor bike track and two dams.
Located just 10 minutes to Cranbourne and within easy reach of both the South Gippsland Freeway and Westernport Highway, and only 45 minutes to Melbourne CBD and Mornington, this fantastic rural property offers many prospects for the ideal rural lifestyle. If you are looking for a great environment to raise children or achieve the country dream, this property offers convenience, opportunity and the privilege to live on glorious acreage.
Listing description written by Karen Dennis, Impact Realty Group Mount Eliza — reproduced as published, not verified by Districts.
Victoria 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.