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VIC › Wantirna South › Wallace Rd

125 Wallace Rd, Wantirna South VIC 3152

House

$1,296,000

Last sold

20 Apr 2023

4

Bedrooms

2

Bathrooms

2

Car spaces

763 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $1,296,000 (20 Apr 2023).(Recorded sale)
  • FactLand 763 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Wantirna South (last 5 years) with land size: median $1,707/m² of land (n=40). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • FactZoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 (GRZ1) under the ZN.(Vicmap Planning · 1 Sept 2026)

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. 1No 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

What this lot has actually traded at

Last sold

$1,296,000

20 Apr 2023 · derived via latest_sale

Local land rate: recorded House sales in Wantirna South (last 5 years) with land size have a median of $1,707/m² of land (n=40). Districts calculation from recorded sales — not a valuation.

Wantirna South at a glance

21,784

People

$1,252,000

Median sale

$579/wk

Median rent

2.40%

Suburb gross yield

Median sale from 19 recorded sales (last 12 months) — a Districts calculation.

See the full Wantirna South report →

Vs Wantirna South

+3.5%

Median sale

Suburb $1,252,000

-0.08 pp

Gross yield

Suburb 2.40%

Suburb median $1,252,000 from 19 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning scheme

ZN

Zone

GENERAL RESIDENTIAL ZONE - SCHEDULE 1

GRZ1

Jurisdiction

Knox

Knox, VIC

Official property report

The original government planning document for this property. Sign in to view or download the PDF. Districts facts are a separate GIS extract and may not include every statement in the report.

Planning overlays

  • environmentalNot detected

Development activity

Data unavailable

Source

  • Provider: Vicmap Planning
  • Dataset: PLAN_ZONE
  • Retrieved: 1 Sept 2026
  • Version: 1
  • Parcel: 1318673

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. Sold$1,296,00020 Apr 2023
  2. Listedprice unknowncompleted12 Apr 2023
  3. Listedprice unknowncompleted12 Apr 2023

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?

Confidence: medium

Zoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 755 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. 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 $579/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

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

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.

3 of 10 questions answered so far

  • Development optionality of this lot

    Knownmedium

    Zoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 755 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.

  • 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?

    Knownmedium

    Official parcel about 755 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.

  • Lot-level flood

    Unknown

    Flood overlay has not been queried for this lot. 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

    No DA adapter returned applications 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

Wantirna South in one glance

Wantirna South at a glance

21,784

People

$1,252,000

Median sale

$579/wk

Median rent

2.40%

Suburb gross yield

Median sale from 19 recorded sales (last 12 months) — a Districts calculation.

See the full Wantirna South report →

Keep researching

  • Why Wantirna South? Read the area thesis →
  • What else is on the market in Wantirna South →
  • Other records on Wallace Rd →

Listing material

Listed by Bell Real Estate Montrose

OFFERS CLOSING THURSDAY 20TH APRIL @ 1.PM

Poolside Lifestyle for Avid Entertainers and Growing Families

Nothing instils that classic Australian feeling more than alfresco flair and poolside summers. Highlighted by a fabulously flexible floorplan this modern one-owner home was purpose built for avid entertainers and growing families. With an emphasis on supreme liveability, relaxed family comfort and year-round enjoyment, a series of living, dining and relaxation zones cater to every occasion and every age. Family-centric, the location delivers on all fronts and is walking distance to Holy Trinity Primary, Knoxfield and Colchester Medical Centre, RD Egan Reserve and Playground and Riddell Road Pre-School.

Gleaming hardwood floors flow throughout the living zones including the sun filled lounge and rear rumpus with built-in bar contrasted by earthy slate floors in the main open plan living room with a crackling Coonara wood fire and clerestory windows. The kitchen is a central showstopper flaunting Caesarstone bench tops, stainless-steel appliances, integrated dishwasher, deluxe walk-in pantry and a breakfast bar under pendant lights for conversation and casual eats.

Read the full description

All four bedrooms are well proportioned and positioned with extensive robe storage and are serviced by a chic master ensuite with underfloor heating and a contemporary family bathroom with a rain shower and deep soak bath.

Spend the warmer days enjoying the sunshine and taking refreshing dips in the inground solar-heated pool.

A lush, child and pet-friendly lawn unfolds from the all-season entertaining zone complete with French door access to the rumpus so you can easily keep an eye on the kids as you enjoy the company of friends and family.

A short commute to Scoresby Secondary College, The Knox School, Waverley Christian College, Swinburne University, Westfield Knox, Harcrest Hub Shopping Mall, Big Watermelon Market and Boronia Station with easy access to the Eastlink arterial.

At a Glance:

• Four-bedroom, two-bathroom home with multiple living zones.

• 763m2 allotment with fully fenced rear yard.

• Contemporary stone kitchen, lounge, family room and rumpus zones.

• Double garage.

• Inground salt-chlorinated pool (solar heated)

• All-season alfresco zone with retractable blinds.

• Lush lawn plus a covered area down one side of the house with clothesline plus easy-care gardens.

• Gas ducted heating and evaporative cooling for seasonal comfort.

• Multiple garden sheds.

Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice.

Listing description written by Allan Dowdell, Bell Real Estate Montrose — reproduced as published, not verified by Districts.

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.