Modbury at a glance
6,179
People
$857,250
Median sale
$568/wk
Median rent
3.45%
Suburb gross yield
Median sale from 26 recorded sales (last 12 months) — a Districts calculation.
6
Bedrooms
2
Bathrooms
2
Car spaces
697 m²
Land
270 m²
Building
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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Modbury (last 5 years) with land size have a median of $1,446/m² of land (n=59). Districts calculation from recorded sales — not a valuation.
Modbury at a glance
6,179
People
$857,250
Median sale
$568/wk
Median rent
3.45%
Suburb gross yield
Median sale from 26 recorded sales (last 12 months) — a Districts calculation.
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
SAPlanning 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.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $568/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. Nearby development applications are not loaded. This lot’s own applications are a separate question. 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
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
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
Modbury at a glance
6,179
People
$857,250
Median sale
$568/wk
Median rent
3.45%
Suburb gross yield
Median sale from 26 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Landmark Estates$780,000. Best offers by 5:00pm, Monday 16th December 2024 (unless sold prior).
An unbeatable opportunity for the astute investor, developer or buyer seeking a large family home.
This property produces enviable financial returns, rented as a professionally-managed boarding house with a fully let income of $1,235 per week / $64,220 per annum.
Add a block of land with a 19.05 metre street frontage and a 'Housing Diversity Neighbourhood' zoning and you also have potential for an exciting, multi-dwelling re-development project (subject to necessary consents), producing fantastic holding income while you finalise your plans.
THE RENTAL:
- 6 income streams with bedrooms let under separate rooming agreements
- 6 x let rooms produce income of $1,235 per week / $64,220 per annum
- Landlord is responsible for the payment of outgoings
- Common areas are shared by all tenants
- Managed by a licenced real estate agent
THE LAND:
- 19.05m frontage x 36.57m depth = 697sqm (approx.)
- Housing Diversity Neighbourhood (HDN) zoning
- Rectangular shape
- No easements
THE LOCATION:
- Away from the main roads and surrounded by established, residential properties
- Within a 15 minute walk of Tea Tree Plaza shopping, the O'Bahn Interchange and Modbury Hospital
- 3 primary schools (Modbury South, Modbury West and Modbury) within 2km
- Zoned for Modbury High School - 1.5km away by road
THE HOME:
Venture beyond the leafy front garden and be pleasantly surprised when you step inside this neat and tidy home, well looked after by its current residents. A separate entry hall leads into the living hub - a formal lounge which opens onto a dining area and a very generous timber kitchen, complete with dishwasher, dual sinks and an abundance of cupboards.
There are three bedrooms downstairs, all comfortably proportioned and convenient to the downstairs bathroom which has bath and shower facilities (toilet separate). Upstairs there are three additional bedrooms, serviced by the tastefully renovated second bathroom. Split system and ducted evaporative air conditioning as well as solar panels are also noteworthy features of the home.
Outside, a double-length roller door carport ensures ample vehicle accommodation, with additional driveway space allowing further off-street parking. Another bonus is a brick rumpus room, perfect for use as a studio, recreation room or workshop, while the rear verandah is ideal for summer entertaining, overlooking a private back garden complete with fruit trees and other mature plantings.
Registered Land Agent (RLA) 266 854.
While care has been taken to ensure information provided is accurate and correct, we do not guarantee the information or take responsibility for any inaccuracies. Interested parties should therefore make their own inquiries to verify the information.
Listing description written by Mark Sharoglazov, Landmark Estates — reproduced as published, not verified by Districts.