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VIC › Olinda › Spencer Rd

14 Spencer Rd, Olinda VIC 3788

House

$1,500,000

Last sold

1 Dec 2022

4

Bedrooms

4

Bathrooms

2

Car spaces

7,472 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 $1,500,000 (1 Dec 2022).(Recorded sale)
  • FactLand 7,472 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Olinda (last 5 years) with land size: median $445/m² of land (n=80). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • FactZoned GREEN WEDGE A ZONE - SCHEDULE 2 (GWAZ2) under the ZN.(Vicmap Planning · 2 Sept 2026)

What could make it worth less?

  • FactSIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 1 intersects 99.8% of this parcel.(Vicmap Planning · 2 Sept 2026)
  • FactBUSHFIRE MANAGEMENT OVERLAY intersects 99.8% of this parcel.(Vicmap Planning · 2 Sept 2026)
  • FactEROSION MANAGEMENT OVERLAY intersects 70.3% of this parcel.(Vicmap Planning · 2 Sept 2026)
  • FactENVIRONMENTAL SIGNIFICANCE OVERLAY - SCHEDULE 1 intersects 56.2% of this parcel.(Vicmap Planning · 2 Sept 2026)

What should you verify next?

  1. 1SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 1 affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  2. 2BUSHFIRE MANAGEMENT OVERLAY affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  3. 3EROSION MANAGEMENT OVERLAY affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  4. 4ENVIRONMENTAL SIGNIFICANCE OVERLAY - SCHEDULE 1 affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  5. 5No 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

$1,500,000

1 Dec 2022 · derived via latest_sale

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.

See the full Olinda report →

Vs Olinda

+27.1%

Median sale

Suburb $1,180,000

-0.59 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 and development

Planning scheme

ZN

Zone

GREEN WEDGE A ZONE - SCHEDULE 2

GWAZ2

Jurisdiction

Yarra Ranges

Yarra Ranges, 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

  • SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 1Detected — 99.8% of parcel

Development activity

Data unavailable

Source

  • Provider: Vicmap Planning
  • Dataset: PLAN_ZONE
  • Retrieved: 2 Sept 2026
  • Version: 1
  • Parcel: 1355376

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

Detected — official

The official layer maps a bushfire risk zone on this parcel, intersecting about 99.8% of it (Vicmap Planning, retrieved 2 Sept 2026). Verify the extent against the title before relying on unaffected land.

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$1,500,0001 Dec 2022
  2. Listedprice unknowncompleted28 Sept 2022
  3. Listedprice unknowncompleted28 Sept 2022

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 GREEN WEDGE A ZONE - SCHEDULE 2 · GWAZ2 (ZN). Official parcel area about 7,428 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. Official parcel about 7,428 m² — land size can look like optionality. What reduces it: SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 1; BUSHFIRE MANAGEMENT OVERLAY; EROSION MANAGEMENT OVERLAY; ENVIRONMENTAL SIGNIFICANCE OVERLAY - SCHEDULE 1. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack. 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 $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.

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 GREEN WEDGE A ZONE - SCHEDULE 2 · GWAZ2 (ZN). Official parcel area about 7,428 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?

    Knownlow

    Official parcel about 7,428 m² — land size can look like optionality. What reduces it: SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 1; BUSHFIRE MANAGEMENT OVERLAY; EROSION MANAGEMENT OVERLAY; ENVIRONMENTAL SIGNIFICANCE OVERLAY - SCHEDULE 1. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.

  • 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

Olinda in one glance

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.

See the full Olinda report →

Keep researching

  • Why Olinda? Read the area thesis →
  • What else is on the market in Olinda →
  • Other records on Spencer Rd →

Listing material

Listed by Bell Real Estate Olinda

Brambledene

With a history dating back more than a hundred years, Brambledene is a Dandenongs’ one-of-a-kind that marries Hills charm with modern living.

Nestled in the hills outside Olinda, the two-acre property welcomes you in via a circular driveway. Winding under a canopy of magnificent oak trees and lush ferns, the drive leads to Brambledene: a two-storey A-frame home, historic cottage, and extensive landscaped and rambling gardens on a gentle sloping hillside.

The two-storey main house features three bedrooms, three living spaces, two bathrooms and an external bathroom/laundry. With its herringbone brick floor and central log burner, the ground floor has an Italian farmhouse style. The open-plan living areas flow through the length of the home, seamlessly incorporating an industrial-style kitchen, dining area, two living spaces and a bedroom with modern en suite. A wall of north-facing windows with fitted cedar blinds leads onto a deck with stunning garden views. In addition to the log burner, the ground floor features hydronic heating throughout.

Read the full description

Upstairs, the pitched roof gives the space a Scandi feel, with soaring ceilings and polished floorboards. On this floor, two bedrooms and the main bathroom lead from a central living area. One of the bedrooms features a walk-through dressing room and opens out onto a large private deck, while the other looks out over the fernery and oak trees.

In the tranquil established garden, the surrounding canopy provided by Japanese maples, silver birches, magnolia grandiflora, ferns and exotics ensures that the home is gently shaded from the summer sun while allowing light to stream in during the winter months. Terraced gardens lead down the property to a veggie patch and small orchard with citrus, pear and apple trees, passing a pond, tree fernery and wet garden, home to frogs and visiting wildlife. The garden continues to wind down through a woodland of specimen trees to the bushland below.

Brambledene cottage

The historic Brambledene cottage dates back to the late 1890s, when subdivisions of 10-acre lots were first created to attract buyers to the Dandenong Ranges. The original dwelling operated as a guesthouse in the 1930s and more recently as a Hills B&B.

With charm in spades, the delightful one-bedroom cottage retains a historic feel with a brick fireplace and wooden floors throughout. Surrounded by Japanese maples, azaleas, camellias, rhododendrons and gnarled old walnut trees, the cottage, while maintaining its privacy, has sweeping views down to the main house and on to the valley and hills in the distance. It’s the perfect retreat for friends and family while offering endless potential as a rental or B&B. (STCA)

In the garden

With its winding pathways, garden rooms, specimen trees and shrubbery, it's easy for visitors to lose their sense of time meandering through the Brambledene garden. Here is a list of planting and wildlife that regularly pass through the property.

Ornamentals and shrubs

Oaks, pines, cypresses, spruce, tulip trees, ferns, black bamboo, handkerchief tree, yews, rhododendrons, Japanese maples, silver birches, magnolias, viburnums, dogwoods, buxus, red and white waratahs, camellias, gingko, weeping and knotted elms.

Fruit trees

Fig, lemon, apple, pear, walnut, crab apples, macadamia, chestnut and hazelnut trees.

Veggie & herb garden

Veggie garden with raised garden boxes, herb garden and small orchard.

Flowers

Lilies, Japanese anemones, hellebores, forget-me-nots, roses, azaleas, hydrangeas, daffodils, bluebells, snowbells, lily of the valley, daphne, violets, Irises and native orchids.

Visiting wildlife

Wombats, echidnas, wallabies, possums, lyrebirds, tawny frogmouths, kookaburras, black and white cockatoos, fairy wrens, bowerbirds, king parrots, currawongs, owls, bats and frogs.

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. Please contact agents to confirm all appointments as they may be cancelled with short notice.

Listing description written by Corinne Sukroo, Bell Real Estate Olinda — reproduced as published, not verified by Districts.

Property features

  • Balcony
  • Courtyard
  • Deck
  • Floorboards
  • Water Tank

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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.