Grovedale at a glance
14,041
People
$725,000
Median sale
$519/wk
Median rent
3.72%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
VIC › Grovedale › Michael Ct
$500,000
Last sold
9 Apr 2020
4
Bedrooms
2
Bathrooms
2
Car spaces
512 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
$500,000
9 Apr 2020 · derived via latest_sale
Local land rate: recorded House sales in Grovedale (last 5 years) with land size have a median of $1,141/m² of land (n=72). Districts calculation from recorded sales — not a valuation.
Grovedale at a glance
14,041
People
$725,000
Median sale
$519/wk
Median rent
3.72%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
Vs Grovedale
-31.0%
Median sale
Suburb $725,000
+1.68 pp
Gross yield
Suburb 3.72%
Suburb median $725,000 from 5 recorded sales (last 12 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 $519/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
Grovedale at a glance
14,041
People
$725,000
Median sale
$519/wk
Median rent
3.72%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Hayeswinckle HightonSet in a quiet court, this property promises easy living close to all of life's conveniences! Whether you're a first homebuyer, astute investor, or looking for a great location to raise a family, this home presents an excellent opportunity. With the garage boasting rear vehicle access, this home will also appeal to those looking to store additional vehicles or caravans.
Public transport is a short stroll away, while close access to the Marshall Train Station is a bonus for Melbourne commuters. Young families will appreciate that both Grovedale Primary School and Nido Early School (Childcare Centre) are within walking distance, allowing you to leave the car at home and enjoy the fresh air. The shops on Marshalltown Road and the Surf Coast Highway take care of all of your shopping needs. To top it all off, just jump in the car and you'll soon be exploring the iconic Surf Coast beaches.
The home invites you to move straight in, while still encouraging you to add your own creative touch to truly make it your own (STCA). Updates over the last few years include new carpet, new timber laminate floors, and new blinds. The open plan living/dining/kitchen zone creates the lively hub of the home while opening onto the sheltered alfresco. Lined with timber cladding for privacy, this area sets the scene for casual outdoor living and laidback gatherings with loved ones. The kitchen features stone benchtops, a built-in pantry, and stainless steel appliances (Bosch dishwasher and Glem 900mm oven, gas hob, rangehood). The central lounge provides yet another spot to kick back and relax.
The Master Bedroom is complete with a walk-in robe and en suite. Three additional bedrooms with built-in robes are serviced by the main bathroom, while the laundry and separate toilet complete the layout. You'll be in comfort all year long thanks to ducted heating, a split-system air conditioner, and ceiling fans. Home to a garden shed, the small yard is ideal for those seeking a low-maintenance lifestyle. The remote double lock-up garage features internal access, along with a rear roller door that opens onto a tandem carport - perfect for storing caravans or trailers!
When it comes to convenient living, this home packs a punch! Inspect ASAP!
*All information about the property has been provided to Hayeswinckle by third parties. Hayeswinckle has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to this property.
Listing description written by Michelle Winckle, Hayeswinckle Highton — 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.