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VIC › South Morang › Methven Ave

15 Methven Ave, South Morang VIC 3752

For saleTownhouse for Sale

$191,230

For sale

Asking

2

Bedrooms

1

Bathrooms

1

Car spaces

222 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $191,230 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $191,230(Listing record · 21 Aug 2026)
  • FactLand 222 m²; no building size recorded.(Property record)
  • CalculationAsk is 73% below the South Morang median recorded sale ($709,750, n=10, last 24 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at South Morang's advertised median rent ($551/wk), implied gross yield would be 14.98% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No 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

The ask against the evidence

Asking

$191,230

Asking · $861/m² of land

No recorded sale for this property.

South Morang at a glance

26,373

People

$709,750

Median sale

$551/wk

Median rent

4.04%

Suburb gross yield

Median sale from 10 recorded sales (last 24 months) — a Districts calculation.

See the full South Morang report →

Vs South Morang

-73.1%

Median sale

Suburb $709,750

+10.94 pp

Gross yield

Suburb 4.04%

Suburb median $709,750 from 10 recorded sales (last 24 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$191,230
Stamp Duty (Victoria)
$6,544
Transfer/Registration Fee
$551
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$202,025

$10,795 on top of the price (5.6% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with South Morang's advertised median rent — not a rent for this listing.

Net yield
13.48%
Annual cashflow (pre-tax)
$15,840
Interest cover (DSCR)
2.59
Annual rent
$28,652
Operating expenses
$2,868
Loan amount
$152,984
Annual interest
$9,944
Gross yield
14.98%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

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. Listed$191,230available21 Aug 2026

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?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $551/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

Gross yield if leased at the suburb aggregate is 15.0%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. 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.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • 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?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). 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

    Development applications have not been queried 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

South Morang in one glance

South Morang at a glance

26,373

People

$709,750

Median sale

$551/wk

Median rent

4.04%

Suburb gross yield

Median sale from 10 recorded sales (last 24 months) — a Districts calculation.

See the full South Morang report →

Keep researching

  • Why South Morang? Read the area thesis →
  • What else is on the market in South Morang →
  • Other records on Methven Ave →

Listing material

Listed by Harcourts Rata & Co.

Space to Live, Work and Unwind

Designed across two levels, this home offers a practical layout that gives everyone their own space without losing the connection between the main living areas.

Downstairs, the home opens into a generous living room before flowing through to the kitchen and dining area. The kitchen is well positioned at the heart of the home, featuring ample cabinetry, a breakfast island and easy connection to the dining zone, making everyday meals and entertaining equally straightforward. A second living area provides the flexibility to create a separate retreat, kids' zone, media room or simply a quieter place to relax.

Upstairs, two bedrooms are thoughtfully separated from the main living areas, including a privately positioned main bedroom, serviced by the central bathroom, while a study nook provides a dedicated space for working from home, studying or keeping the household organized. Built-in robes and additional storage throughout the home add another layer of practicality that is often missing from modern townhouses.

Read the full description

Comfort is covered year-round with split-system heating and cooling, while the downstairs powder room and full-sized laundry add convenience for busy households. The secure garage provides excellent everyday functionality, with additional storage opportunities throughout the home.

Outside, the private courtyard provides a low-maintenance space to enjoy some fresh air, entertain or simply have somewhere to unwind without spending your weekends maintaining a large garden.

With no body corporate fees to consider, the property offers the added benefit of keeping ongoing ownership costs straightforward

And then there is the location.

Set within the established Mill Park Lakes/South Morang precinct, this is a position that makes everyday life remarkably convenient. Local parks, walking tracks, schools and childcare are all within easy reach, while Westfield Plenty Valley provides an extensive selection of supermarkets, retailers, restaurants, cafés, services and entertainment. Central South Morang is also close by for those quick everyday errands.

Families are well catered for with schooling options including Morang South Primary School, The Lakes South Morang College and Marymede Catholic College, while the surrounding South Morang and Mill Park area provides a broad choice of education and childcare facilities.

Transport is another major advantage, with Middle Gorge and South Morang railway stations, local bus services and easy access towards Plenty Road and surrounding arterial routes making commuting around Melbourne considerably easier. The area also puts you close to the extensive network of parks, reserves, lakes and walking trails that South Morang and Mill Park are known for.

This would suit a first-home buyer wanting more room to grow, a young family, professional couple, downsizer wanting separation between living and sleeping zones, or an investor looking for a property in a consistently popular part of South Morang.

PHOTO ID REQUIRED

Due diligence checklist - consumer.vic.gov.au/duediligencechecklist

Privacy Policy and Privacy Collection Notice - rataandco.com.au/privacy-policy

Material Facts - please refer to the contract of sale and vendor statement for material facts.

Land size sourced from land.vic.gov.au. This document has been prepared to assist solely in the marketing of this property.

While all care has been taken to ensure the information provided herein is correct, Harcourts Rata & Co takes no responsibility for any inaccuracies.

Accordingly all interested parties should make their own enquiries to verify the information, including and not limited to land size.

Listing description written by Steven Marino, Harcourts Rata & Co. — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Broadband
  • Built-in Robes
  • Courtyard
  • Dishwasher
  • Fully Fenced
  • Outdoor Entertaining
  • Remote Garage
  • Secure Parking
  • Solar Panels
  • Study
  • Toilets: 2
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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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.