Mill Park at a glance
29,207
People
$762,500
Median sale
$512/wk
Median rent
3.49%
Suburb gross yield
Median sale from 10 recorded sales (last 24 months) — a Districts calculation.
VIC › Mill Park › Dorrington Ct
$572,000
Last sold
2 June 2020
3
Bedrooms
1
Bathrooms
2
Car spaces
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
$572,000
2 June 2020 · derived via latest_sale
Mill Park at a glance
29,207
People
$762,500
Median sale
$512/wk
Median rent
3.49%
Suburb gross yield
Median sale from 10 recorded sales (last 24 months) — a Districts calculation.
Vs Mill Park
-25.0%
Median sale
Suburb $762,500
+1.16 pp
Gross yield
Suburb 3.49%
Suburb median $762,500 from 10 recorded sales (last 24 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 $512/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
Mill Park at a glance
29,207
People
$762,500
Median sale
$512/wk
Median rent
3.49%
Suburb gross yield
Median sale from 10 recorded sales (last 24 months) — a Districts calculation.
Listing material
Listed by Harcourts Rata & CoLook no further than this appealing and impressive three bedroom family home in a quiet court location, that is positioned perfectly in the heart of Mill Park. This is a fantastic opportunity to break into the Melbourne property market for both investors and first home owners alike.
With easy access to local shops, short walk to Stables Shopping Centre, Westfield Plenty Valley dining and shopping precinct, Epping Plaza Shopping Centre, St Monicas Catholic College, Mill Park Heights Primary School, as well as Epping & South Morang Train station and within close proximity to the Metropolitan Ring Road. This is family friendly location that cannot be beaten.
Comprising of three spacious bedrooms, two way bathroom, well appointed kitchen, central heating, evaporative cooling, split system heating cooling in living area, large under cover entertaining area and family size back with large powered shed and double lock up carport. (currently a single carport as it is been used as a studio)
Suitable for first home buyers, great for investors. This property is sure to impress and should be on your list of properties to inspect!
Corona Virus inspection policy will be in place to enact social distancing.
PHOTO ID REQUIRED
Please come and see me at one of our offices below to discuss your real estate needs.
767 High Street Epping
219 High Street Thomastown
510 Plenty Road Mill Park
952-954 High Street Reservoir
Due diligence checklist - for home and residential property buyers - http://www.consumer.vic.gov.au/duediligencechecklist.
Material facts about the property - please refer to the contract of sale and vendor statement for any/all material facts about the property.
This document has been prepared to assist solely in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies. Accordingly all interested parties should make their own enquiries to verify the information.
Listing description written by Steven Marino, Harcourts Rata & Co — reproduced as published, not verified by Districts.