Pearcedale at a glance
4,041
People
$1,295,000
Median sale
$566/wk
Median rent
2.27%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
VIC › Pearcedale › Colley St
$1,020,000
Last sold
12 Sept 2022
4
Bedrooms
2
Bathrooms
8
Car spaces
900 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
$1,020,000
12 Sept 2022 · derived via latest_sale
Local land rate: recorded House sales in Pearcedale (last 5 years) with land size have a median of $957/m² of land (n=68). Districts calculation from recorded sales — not a valuation.
Pearcedale at a glance
4,041
People
$1,295,000
Median sale
$566/wk
Median rent
2.27%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
Vs Pearcedale
-21.2%
Median sale
Suburb $1,295,000
+0.62 pp
Gross yield
Suburb 2.27%
Suburb median $1,295,000 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 $566/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
Pearcedale at a glance
4,041
People
$1,295,000
Median sale
$566/wk
Median rent
2.27%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by OBrien Real Estate SomervilleThis recently renovated home has been immaculately presented with close attention to detail.
A stone's throw to community shops, Colley St Bushland Reserve, sporting facilities, primary school and public transport. 15 minutes to Frankston beach, 20 minutes to Mornington beach and the village of Tooradin – Perfect!
Sited on a generous sized block of approx. 900m2, the home is 244.1m2 under roofline with an additional new 61m2 pergola providing an exceptional functional open plan.
Completely repainted with new carpets, drapes, sheers and vertical blinds. New LED downlights, new ducted heater and a just installed instantaneous hot water unit.
Featuring an inviting wide entrance and hallway, off to one side is the fully renovated master bedroom, walk in robe and gorgeous ensuite. On the other side, the study has two workspaces, provides a Cat5 home network and leads to one of two garages, both with remote roller doors.
Following through you will find a formal lounge on one side to sit and relax and on the other, the new custom-made wet bar.
Continuing through, you walk into the no expense spared fully renovated new hostess kitchen with large island bench with high end appliances including gas cooktop, electric wall oven and dishwasher. The kitchen adjoins the dining space and a large family room and is surrounded by sunlit windows overlooking the pool, gardens and pond.
The remaining three bedrooms are of generous size with double built in robes. The fourth bedroom is being used as a movie room but can easily be changed back into a bedroom for those with a larger family.
The main bathroom with a spa bath and separate shower is both functional and central for kids and guests alike.
The home also comes with new celling insulation, new 6.6 Kw solar system, new security and CCTV system, new exterior lights and exterior blinds.
The tiled roof has been fully restored.
Outside further inclusions are well-established low maintenance gardens, fernery and fishpond. There is also a securely fenced in-ground concrete solar heated salt water pool, with a new salt chlorinator, new solar heater and new summer and winter pool covers.
The second garage with the additional driveway combines to provide plenty of room for extra vehicles, trailers, horse floats, boats or caravans. There is also a 2200 litre water tank and a garden shed.
Inspections will absolutely surprise you at the quality of this home.
Listing description written by Chrissy Kouvaras, OBrien Real Estate Somerville — reproduced as published, not verified by Districts.