Melba at a glance
3,426
People
$880,000
Median sale
$400/wk
Median rent
2.36%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
ACT › Melba › Castles Pl
4
Bedrooms
3
Bathrooms
1
Car spaces
1,098 m²
Land
189 m²
Building
Districts View
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 Melba (last 5 years) with land size have a median of $1,139/m² of land (n=13). Districts calculation from recorded sales — not a valuation.
Melba at a glance
3,426
People
$880,000
Median sale
$400/wk
Median rent
2.36%
Suburb gross yield
Median sale from 7 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
ACTPlanning 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 for this property.
Rental
No advertised rent is recorded. Suburb median rent $400/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 for this property. 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 for this property.
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. This jurisdiction has no comparable official bond series in the free set.
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
Melba at a glance
3,426
People
$880,000
Median sale
$400/wk
Median rent
2.36%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White CanberraSerenely nestled on a large battle axe block accessed by a circular drive, and surrounded by verdant gardens backing a reserve, this is the perfect home for a family that seeks a private estate-like space while enjoying convenient walkability to local shops, schools and parks.
Set over two levels and bookended by private front and rear decks that allow you to follow the sun, it's a home dotted with decadent features true to an era where craftsmanship was key.
Parquetry floors, leadlight feature windows, a bay window in one bedroom, a spiral staircase to the lower-ground studio and a gorgeous hammered-copper canopy over the open fireplace in the loungeroom add special magic to a home which has also undergone some contemporary updates.
Among them is the modern and well-appointed kitchen that boasts Miele appliances, granite benchtops and a dedicated utility cupboard and pantry.
The master bedroom also benefits from an updated bathroom and a walk-in wardrobe.
The fourth bedroom could be converted to a dedicated study, with its lovely access to the rear deck it would be hard to find a better spot to work from home, unless you choose the downstairs studio where there's another full bathroom and a large rumpus that has garden views.
FEATURES
Private and expansive family home in park-like grounds on a battle-axe block backing a reserve
Formal entry
Covered front deck off kitchen and dining room
Rear deck to family room and home office/study or fourth bedroom
Formal lounge with open fireplace and copper fire-hood
Contemporary kitchen with Miele electric appliances and generous storage
Master bedroom with renovated ensuite, walk-in wardrobe and sliding door access to rear deck
Two additional bedrooms, one with dedicated storage and bay window, and both with built-in wardrobes
Family bathroom with separate bathtub, walk-in shower and toilet adjacent
Spiral staircase to lower-ground rumpus with separate access, built-in cabinetry, full modern bathroom and European laundry
Gas ducted heating and reverse-cycle air conditioning
Single lock-up garage with extra storage and workshop
Circular driveway
Watertank
Beautiful established gardens with multiple Japanese maples
Access to parkland and close to playground
Rates $2,732
Land tax $3,819
UV $364,000
Living area 189.5m2
Garage 39.8m2
Block size 1098m2
EER 2.0
Built 1974
Disclaimer: All information regarding this property is from sources we believe to be accurate, however we cannot guarantee its accuracy. Interested persons should make and rely on their own enquiries in relation to inclusions, figures, measurements, dimensions, layout, furniture and descriptions.
Listing description written by Andrew Lonsdale, Ray White Canberra — reproduced as published, not verified by Districts.