Patterson Lakes at a glance
8,026
People
$1,260,000
Median sale
$603/wk
Median rent
2.49%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
VIC › Patterson Lakes › Palm Beach Dr
5
Bedrooms
3
Bathrooms
5
Car spaces
875 m²
Land
427 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 Patterson Lakes (last 5 years) with land size have a median of $2,648/m² of land (n=40). Districts calculation from recorded sales — not a valuation.
Patterson Lakes at a glance
8,026
People
$1,260,000
Median sale
$603/wk
Median rent
2.49%
Suburb gross yield
Median sale from 21 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 $603/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
Patterson Lakes at a glance
8,026
People
$1,260,000
Median sale
$603/wk
Median rent
2.49%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Asset Property SalesExperience an unparalleled waterfront lifestyle at 135 Palm Beach Drive. Nestled on an expansive 875sqm north-facing block, this tropical retreat offers breathtaking deep-water views, a sprawling sandy beach, and a concrete mooring right in your backyard.
Designed for those who love to entertain, this property features a swim spa, an alfresco bar, and an inviting backyard that feels like a tropical paradise among the palm trees.
Set securely and privately behind electric gates and a high fence, the property offers ample secure parking and a dedicated caravan bay. Additionally, the property includes an alluring fully self-contained unit at the front, perfect for independent living for teens, in-laws, or guests.
Featuring:
• Architectural Excellence: Stunning vaulted ceilings and three spacious living areas, two of which include cozy open fireplaces
• Generous Proportions: Spacious and airy, with generously proportioned rooms and bedrooms
• Central Kitchen: The kitchen is a chef's dream with a spacious stone breakfast bar, induction cooktop, dishwasher, and double ovens
• Room with a View: Captivating canal views from the dining, kitchen, lounge and sitting room
• Main Suite Retreat: Located privately on the ground floor, the main suite offers a spa-like ensuite with a walk-in robe, courtyard views, and ultimate privacy
• Upstairs Haven: Two additional bedrooms, a study nook, central bathroom, and a separate toilet create a perfect space for the kids.
• Garage and Storage: The property includes a garage with a workshop and storage loft
• Self-Contained Unit: With a private entrance, bedroom with built-in robe, full bathroom, and a lounge room with kitchenette, this unit is ideal for independent living
Packed with Modern Conveniences
• Comfort: Enjoy underfloor hydronic heating, evaporative cooling, ducted vacuum system, and three split systems
• Security: Equipped with a state-of-the-art Bosch alarm system, security cameras, and remote front gate entry
• Sustainability: A 10kW solar system to reduces your carbon footprint and energy bills
• Smart Home Features: WiFi points throughout the house and smart smoke detectors ensure a safe and connected lifestyle
Enjoy the serenity of your own tropical beach and the convenience of creeks and walking paths just across the road. The stunning wetlands and local parks within easy walking distance.
Don't miss your opportunity to own this dream home.
Sale by SET DATE (if not sold prior) Offers Close 5pm Monday 29th July 2024
Listing description written by Justin Maher, Asset Property Sales — reproduced as published, not verified by Districts.