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VIC › Monbulk › Red Hill Rd

15 Red Hill Rd, Monbulk VIC 3793

For saleHouse

$970,000–$1,040,000

For sale

Asking range

4

Bedrooms

2

Bathrooms

4

Car spaces

2,652 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $970,000–$1,040,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $970,000–$1,040,000(Listing record · 25 Aug 2026)
  • FactLand 2,652 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Monbulk (last 5 years) with land size: median $585/m² of land (n=128). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 7% above the Monbulk median recorded sale ($904,750, n=30, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Monbulk's advertised median rent ($606/wk), implied gross yield would be 3.25% — 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

$970,000–$1,040,000

Asking range · $366/m² of land

No recorded sale for this property.

Local land rate: recorded House sales in Monbulk (last 5 years) with land size have a median of $585/m² of land (n=128). Districts calculation from recorded sales — not a valuation.

Monbulk at a glance

3,669

People

$904,750

Median sale

$606/wk

Median rent

3.48%

Suburb gross yield

Median sale from 30 recorded sales (last 12 months) — a Districts calculation.

See the full Monbulk report →

Vs Monbulk

+7.2%

Median sale

Suburb $904,750

-0.23 pp

Gross yield

Suburb 3.48%

Suburb median $904,750 from 30 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$970,000
Stamp Duty (Victoria)
$53,350
Transfer/Registration Fee
$2,374
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
$1,029,424

$59,424 on top of the price (6.1% 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

Based on the low end of the asking range, not a contract price.

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

Net yield
1.75%
Annual cashflow (pre-tax)
$-33,478
Interest cover (DSCR)
0.34
Annual rent
$31,512
Operating expenses
$14,550
Loan amount
$776,000
Annual interest
$50,440
Gross yield
3.25%

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$970,000–$1,040,000available25 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 $606/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 3.2%. 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

Monbulk in one glance

Monbulk at a glance

3,669

People

$904,750

Median sale

$606/wk

Median rent

3.48%

Suburb gross yield

Median sale from 30 recorded sales (last 12 months) — a Districts calculation.

See the full Monbulk report →

Keep researching

  • Why Monbulk? Read the area thesis →
  • What else is on the market in Monbulk →
  • Other records on Red Hill Rd →

Listing material

Listed by Bell Real Estate Montrose

Architectural Style, Sunrise Views and Serious Shed Space

Elevated among the trees to capture gorgeous easterly views towards the Warburton Ranges, this bespoke four-bedroom home makes mornings feel like something worth getting out of bed for. Watch the first light filter through the landscape, coffee in hand and birdsong in the air, before the house shifts effortlessly into family mode. Architecturally designed and rich in Australian hardwood, it combines natural warmth, contemporary comfort and an extraordinary under-house workshop that takes working from home - or storing every tool and toy imaginable - to another level.

Wrapped in a striking Colorbond exterior, the home feels entirely at ease in its leafy Monbulk setting. Inside, Australian hardwood timbers bring texture and character to the open-plan living zone, where spotted gum floors gleam, a built-in wood fire promises crackling winter warmth and floor skimming windows frame the landscape. Integrated speakers allow the soundtrack to follow the mood, while zoned ducted heating and air conditioning keep every corner comfortable throughout the seasons.

The stone kitchen is both beautiful and brilliantly social, featuring a waterfall island bench with breakfast-bar seating, luxe 900mm Falcon cooker and walk-in pantry. It is the kind of space where pancakes are flipped on Sunday mornings, friends gather with a glass in hand and conversations continue long after dinner is done.

Read the full description

Wide openings extend the living area onto an impressive east-facing entertaining deck, sheltered beneath an over-height roof that captures cool summer breezes. Built-in lighting and separately zoned speakers make it equally suited to after work wind downs and lively nights with friends - complete with different music playing inside and out, because not everyone shares the same playlist.

Accommodation is housed off a hallway with four bedrooms serviced by a decadent bathroom. The main bedroom features an ensuite, walk-in robe and deck access. Both bathrooms are fully tiled and feature deep soak baths, rain showers and custom ironbark topped vanities.

At the rear, a dedicated fire-pit area creates another inviting place to gather beneath the stars. Corten steel edging brings a polished architectural touch to the landscaping, while generous lawn and outdoor space gives children and pets plenty of room to roam.

Then comes the feature tradies, business owners and serious hobbyists will struggle to resist: an enormous powered under-house workshop measuring approximately 8m x 20m with 3-phase power. With a little imagination, this area could also be converted into an extra living space (STCA).

Add masses of off-street parking, a double carport, and under deck carport and this is a property designed for people who need their home to work just as hard as they do.

Distinctive, beautifully crafted and exceptionally versatile, this is hills living designed around both pleasure and purpose. It is a home with soul, substance and room to do much more.

At a Glance:

• Bespoke, architecturally designed four-bedroom, two-bathroom home on 2652m2 approx

• Elevated position capturing beautiful easterly views to the Warburton Ranges

• Situated in quiet cul de sac on the Northeastern slopes of the beautiful Dandenong Ranges bordering Monbulk and Olinda

• Memorable sunrises filtering through the surrounding trees

• Striking Colorbond exterior

• Extensive use of Australian hardwood timbers throughout including solid ironbark front door, Vic ash trims and spotted gum floors

• Mud room style entrance with storage

• Open-plan living and dining with built-in wood fire

• Integrated indoor surround sound system with WiFI operation

• Stone kitchen with waterfall island bench, 900mm Falcon cooker, dishwasher, soft close drawers, walk-in pantry and breakfast bar

• Covered east-facing deck with built-in lighting and separately zoned outdoor speakers

• Four robed bedrooms, two fully tiled bathrooms with rain showers and soaker tubs

• Main with ensuite featuring privacy blinds plus walk in robe

• Zoned ducted heating and air conditioning

• Double glazed windows throughout

• Landscaped fire-pit area for relaxed outdoor gatherings plus a chicken coop

• Contemporary Corten steel garden edging

• Powder room

• Massive powered under-house workshop measuring approximately 8m x 20m with 3-phase power

• Outstanding option for tradies, home businesses, storage or hobbies

• Double carport with lights, single carport plus extensive off-street parking for vehicles, trailers and equipment

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.

Listing description written by Ryan Bell, Bell Real Estate Montrose — reproduced as published, not verified by Districts.

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.