Olinda at a glance
1,741
People
$1,180,000
Median sale
$629/wk
Median rent
2.77%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
VIC › Olinda › Olinda Monbulk Rd
$2,200,000
Last sold
25 June 2022
1
Bedrooms
2
Bathrooms
0
Car spaces
30,998.92 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
$2,200,000
25 June 2022 · derived via latest_sale
Sources disagree on the sale price. All recorded figures are shown in the history below — Districts does not pick a winner.
Local land rate: recorded House sales in Olinda (last 5 years) with land size have a median of $445/m² of land (n=80). Districts calculation from recorded sales — not a valuation.
Olinda at a glance
1,741
People
$1,180,000
Median sale
$629/wk
Median rent
2.77%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Vs Olinda
+86.4%
Median sale
Suburb $1,180,000
-1.28 pp
Gross yield
Suburb 2.77%
Suburb median $1,180,000 from 13 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 $629/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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
Olinda at a glance
1,741
People
$1,180,000
Median sale
$629/wk
Median rent
2.77%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Bell Real Estate OlindaPresenting a rare opportunity to become the new custodians of an iconic landmark property with a rich history dating back to 1893. This distinguished Victorian weatherboard property is grandly positioned on the lush fertile soils of The Dandenong Ranges and is a testament to outstanding craftsmanship, a splendidly preserved example of the magnificent past, sensitively restored and reimagined ready for an exciting new chapter. Fondly known as “Coonara Springs” the home on seven heavenly acres showcases the magic and romance of a bygone era with just the right balance of farmhouse style blended with modern aesthetic to create a magical family haven. Filled to bursting with blooming rhododendrons, the established Edna Walling inspired landscaped gardens offer a choice of inimitable and intimate alfresco zones, unique trees, an indigenous billabong, meandering pathways and a kaleidoscope of different flora that make it a truly magical garden wonderland. Adding to the allure is a natural spring once esteemed by local indigenous clans for its healing powers and two acres of organic vegetable gardens and fruit trees.
History
Clothed in historical significance, the property combines the grandeur of the past with contemporary functionality and beautifully showcases authentic elements such as a magnificently restored Aga (the original cooking stove used by Mrs Bankin in the 1960s to make her famous scones), framed original menus, genuine crystal hanging chandeliers, red brick open fireplaces, and timber beams. Originally an early selector's house, the "Big Music Room" with its heart-warming fireplace of locally quarried stone was added by former opera singer, Grace Angelau in 1940. The property has significant associations with the growth of tourism in the Dandenongs from the 1920s, when it was run as Tea Gardens by Mrs Hall and Mrs Faulds and has associations with a number of prominent district people including Simeon Kent, teamster and timber worker during the 1890s and at the turn of the century; Frederick Le Juge, district baker and councillor after the First World War.
The Home
The home’s layout offers flexibility to configure depending on your needs and could be reimagined to incorporate the following:
• three bedrooms with a grand master bedroom wing with an ensuite, walk-in robe and retreat area where you can curl up with your favourite chapters.
• A heart-warming chef’s dream kitchen with AGA oven and a Butler’s pantry.
• A cellar and a bar to store and serve your favourite vintage drops.
• Lavishly sized living area with dreamy vistas across Silvan Dam, the Yarra Valley and beyond on show from the adjacent dining room with built-in banquette
• Sunny alfresco terrace for entertaining or daydreaming
• A fireside lounge and sitting area allowing for informal or formal spaces
• Stunning picture windows framing the glorious gardens and valley vistas from every room of the house.
• A smoke house hand crafted by timber that has fallen on the property and a covered outdoor alfresco with wood smoked pizza oven and outdoor kitchen is also housed within the grounds.
• Under house storage area with bathroom.
• Abundant off-street parking
• Ducted heating
In the past, the property has been used for intimate to large-scale events with restaurant seating for 40 people, a private function room and alfresco summer dining among the rolling lawns or enchanting gardens hugely popular with exclusive hire for weddings, conferences or other special events also an option. The property could easily be leased out or owner operated for profitable returns either way.
Ideally situated amongst stunning mountain and country views in a thriving peaceful community, this magnificent property is a short drive from an amazing array of world-renowned tourist attractions including Puffing Billy, Alfred Nicholas Memorial Garden, Tesselaar Tulip Festival, award winning vineyards, distilleries & mountainous forest walks.
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 Corinne Sukroo, Bell Real Estate Olinda — reproduced as published, not verified by Districts.
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