Tecoma at a glance
2,096
People
$980,000
Median sale
$609/wk
Median rent
3.23%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
VIC › Tecoma › Olive Grove
$852,000
Last sold
4 Apr 2023
2
Bedrooms
1
Bathrooms
6
Car spaces
1,136 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
$852,000
4 Apr 2023 · derived via latest_sale
Local land rate: recorded House sales in Tecoma (last 5 years) with land size have a median of $759/m² of land (n=91). Districts calculation from recorded sales — not a valuation.
Tecoma at a glance
2,096
People
$980,000
Median sale
$609/wk
Median rent
3.23%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
Vs Tecoma
-13.1%
Median sale
Suburb $980,000
+0.49 pp
Gross yield
Suburb 3.23%
Suburb median $980,000 from 21 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 $609/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
Tecoma at a glance
2,096
People
$980,000
Median sale
$609/wk
Median rent
3.23%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Bell Real Estate BelgraveDon’t let the two-bedroom floorplan deter you from viewing this stunning and deceptively spacious red cedar haven nestled into its beautiful natural landscape that spans a lavish ¼ acre gardener’s paradise. Split-level interiors that showcase timber lined ceilings, lashings of earthy timber tones and a distinct feeling of homeliness are wonderfully flexible and adaptive to your growing family needs. Potential for a third bedroom and ensuite are easily achievable and even more options are available with the 1136m2 generous block and under house area which currently houses a huge four-car carport.
A welcoming Yellow Box timber kitchen with delightful garden window is highlighted by rustic live edge benchtops, stainless-steel appliances including 900mm cooker and plentiful cabinetry. A huge dining space for hosting the extended family is adjacent with a connected living area for downtime accented by clerestory windows.
Descend the rich ironbark stairs adorned with runway lights to a second living zone that spills to a wide west-facing entertainer’s deck, almost purpose built for slow time with a perfect view of the lush gardens and ever changing skies at sunset o’clock. From here you can immerse yourself in the environment that abounds, listen to the melody of the frogs in the pond and wait for the resident tawny frog mouths and king parrots to appear. Pure bliss.
Two big bedrooms are housed on the lower level including a master with decadent walk-in dressing room and deck access and a second bedroom with walk-in robe. A sparkling family bathroom with bath services both.
Cascading gardens flow from the back of the house where a lush blanket of lawn is edged by a chook house and fenced run for your isa browns and silkies. Collect fresh eggs or bountiful harvests from your fruit trees including pomegranate, orange, mandarin, lemon, lime, fig, peach, blueberries and passionfruit or simply potter in the sunshine – there’s always something new to see.
All this serenity is complemented by a location that is footsteps from the bus stop and an easy stroll to the station, primary school, pre-school and local shops and eateries with national park in the opposite direction. The very best of nature and convenience.
At a Glance:
• Two-bedroom, one-bathroom split-level home with timber-lined ceilings on 1136m2.
• Dual living spaces, galley style kitchen and lavish rear all-season deck.
• Two spacious bedrooms both with walk-in robes.
• Four car carport plus drive through access to a versatile double garage/workshop on a slab ideal for tradies and tinkerers plus ample driveway parking.
• Ducted heating and air-conditioning for seasonal comfort plus double-glazed windows.
• Large laundry with doggie door that opens to a side deck and garden perfect for a secure dog run.
• Fruit trees, hen house and aviary.
• Vast under house storage.
• Flourishing gardens including a pond.
• Scope for conversion to three bedrooms plus ensuite.
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 Bryce McLean, Bell Real Estate Belgrave — 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.