Lower Mitcham at a glance
2,196
People
$1,587,500
Median sale
$604/wk
Median rent
1.98%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
SA › Lower Mitcham › Wattle Ave
$1,050,000
Last sold
8 Jan 2019
5
Bedrooms
2
Bathrooms
4
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
$1,050,000
8 Jan 2019 · derived via latest_sale
Lower Mitcham at a glance
2,196
People
$1,587,500
Median sale
$604/wk
Median rent
1.98%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
Vs Lower Mitcham
-33.9%
Median sale
Suburb $1,587,500
+1.01 pp
Gross yield
Suburb 1.98%
Suburb median $1,587,500 from 10 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
SAPlanning 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.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $604/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. Nearby development applications are not loaded. This lot’s own applications are a separate question. 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
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
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
Lower Mitcham at a glance
2,196
People
$1,587,500
Median sale
$604/wk
Median rent
1.98%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts VennMillar14 Wattle Avenue is truly an impressive, large family home offering retreat style living in an excellent suburb and location - an absolute must to inspect!
The property features massive modern open plan living, dining and kitchen with decked entertainment alfresco, in-ground swimming pool, palm trees, Bali hut and outdoor BBQ/kitchen where you can host your friends with pool parties.
The kitchen is modern and on-trend with solid timber benchtops, plenty of cupboard space, pantry and a big breakfast bar.
The kids will love hosting Netflix marathons with friends or playing video games in the large home theatre.
Bedrooms 1, 2 and 3 are all a generous size, each boasting built-in robes and quality carpets and are serviced by the large family bathroom with toilet, vanity, separate bath and separate shower. The master suite features French doors which open to the rear private decked alfresco, built-in robes and shares a two way en suite with bedroom 4.
The separate laundry offers plenty of cupboard space and easy outdoor access.
The backyard is beautifully landscaped, low maintenance and offers a decked alfresco and lawn area - perfect for family weekend BBQs.
For year-round comfort, the home offers ducted reverse cycle air-conditioning.
For parking, there is a large lock-up garage/shed at the end of the driveway allowing for rear access. The driveway can also accommodate multiple vehicles.
This sizable and stunning home offers everything you need and so much more - spacious family living for the whole family to enjoy; 5 bedrooms, 2 bathrooms, generous open plan living, a designated kid's play area and plenty of guest entertainment options.
This beautiful home will tick many boxes and won't last long. Don't miss out on the opportunity to own an excellent family home in a great suburb and location surrounded by all amenities, good quality schools and public transport.
Other notable features:
-Automatic gates and intercom system
-Mains gas and plumbed outdoor kitchen
-Downlights throughout
-Smeg cooktop and oven, Miele dishwasher
-Temperature controlled instant gas
-Ducted gas heating
-Rainwater tank
- 5kw solar system services the home + 1kw solar system servicing the pool heater, filter and pump
Listing description written by Stephen Venn, Harcourts VennMillar — reproduced as published, not verified by Districts.