Mulgrave at a glance
21,251
People
$1,145,000
Median sale
$653/wk
Median rent
2.97%
Suburb gross yield
Median sale from 47 recorded sales (last 12 months) — a Districts calculation.
VIC › Mulgrave › Locarno Ct
6
Bedrooms
3
Bathrooms
2
Car spaces
649 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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Mulgrave (last 5 years) with land size have a median of $1,644/m² of land (n=90). Districts calculation from recorded sales — not a valuation.
Mulgrave at a glance
21,251
People
$1,145,000
Median sale
$653/wk
Median rent
2.97%
Suburb gross yield
Median sale from 47 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
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 $653/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
Mulgrave at a glance
21,251
People
$1,145,000
Median sale
$653/wk
Median rent
2.97%
Suburb gross yield
Median sale from 47 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Area Specialist RapidTimeless build combined with contemporary design on this split level home. Ready to move in and renovated with premium finishes, this gem is nestled in the heart of Mulgrave.
An exceptional family residence nestled on a generous 649sqm (approx.) block in the sought-after neighbourhood of Mulgrave. This impressive home features six spacious bedrooms, three stylish bathrooms, 2 kitchens and a double garage, making it perfect for larger families or those seeking extra space for guests and entertainment!
Enjoy multiple living zones designed for both relaxation and entertainment. The open-plan living and dining area flows seamlessly into a second lounge or media room, perfect for family movie nights or hosting gatherings. The well-equipped kitchen is a chef’s dream, featuring high-quality appliances, ample storage, and generous counter space. The adjacent breakfast nook makes morning routines a breeze.
The residence boasts six well-appointed bedrooms, providing ample accommodation for family and visitors. The master suite includes a luxurious ensuite and walk-in wardrobe, creating a personal retreat for relaxation and comfort. With three modern bathrooms, this home ensures convenience for busy families. Each bathroom is designed with contemporary finishes, ensuring functionality without compromising on style.
Step outside to a beautifully landscaped backyard that offers plenty of room for children to play, pets to roam, or for you to host summer barbecues. The outdoor area is perfect for alfresco dining and entertaining friends and family. The property includes a double garage with internal access, providing secure parking and additional storage options, keeping your belongings organized and your home clutter-free. It also contains a second fully functional kitchen making it perfect for larger families or for those seeking extra space for guests and entertainment.
Additional features include ducted heating throughout, air-conditioned family room and kitchen, central vacuum throughout as well as a central intercom and radio to every bedroom.
Located in the prime Waverly Gardens part of Mulgrave, a stone’s throw (across the road from Waverly Gardens Shopping Centre), you can also easily walk to both Primary and secondary schools with a very short drive will take you to Monash Freeway and Eastlink. Situated in a quiet court, this home enjoys close proximity to local schools, parks, shopping centers, and public transport, making it a convenient haven for families. With easy access to major roads and freeways, commuting to the city is a breeze!
This thoughtful combination of features ensures that 12 Locarno Court offers both comfort and convenience for a modern lifestyle.
Main Features of the Property:
• Six spacious bedrooms
• Master with ensuite and walk-in robe
• Well-appointed bathrooms
• Spacious living spaces
• Great alfresco/entertainment area includes a Spanish Saloon style bar
• Expansive backyard
• Well-maintained front yard
• 2 kitchens
• Floorboards
• Downlights
• Upstairs balcony for 2 rooms with generous views
• Double car garage with open roller door to enclosed shed at back
Situated within walking distance to local shops, leading schools, and public transport. The property is conveniently positioned between:
• Waverly Gardens Shopping Centre (2 houses away)
• Brandon Park Shopping Centre
• Springvale Shopping Centre
• Mulgrave Primary School
• Albany Primary School
• Wellington Secondary School
• Carwatha College P-12
• Mazenod College
• Small Park at the end of the court
• Grovelands Drive Playground
• Southern Reserve Park
• Bus: 802, 804, 813, 814, 848, 850, 862, 631, 681
• Train Station and distance: Springvale 6 km; Glen Waverley 10 km
Chattels: All fittings and fixtures as inspected
Deposit terms: 10% of the purchase price
Preferred Settlement: 30/45/60/90/ days
Don’t miss this opportunity to secure a fantastic home in a sought-after neighbourhood. Whether you're starting out or adding to your portfolio, this property is ready to impress!
PHOTO ID REQUIRED AT OPEN HOMES
Due diligence checklist: http://www.consumer.vic.gov.au/duediligencechecklist.
Disclaimer: All stated dimensions in the content and photos are approximate only.
Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.
Listing description written by Khaled Arabzadeh, Area Specialist Rapid — reproduced as published, not verified by Districts.