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VIC › Strathfieldsaye › Neon Cres

16 Neon Cres, Strathfieldsaye VIC 3551

For saleHouse for Sale

$880,000–$940,000

For sale

Asking range

5

Bedrooms

3

Bathrooms

2

Car spaces

2,325 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $880,000–$940,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $880,000–$940,000(Listing record · 20 July 2026)
  • FactLand 2,325 m²; no building size recorded.(Property record)
  • CalculationAsk is 15% above the Strathfieldsaye median recorded sale ($762,500, n=46, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Strathfieldsaye's advertised median rent ($634/wk), implied gross yield would be 3.75% — 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

$880,000–$940,000

Asking range · $378/m² of land

No recorded sale for this property.

Strathfieldsaye at a glance

8,026

People

$762,500

Median sale

$634/wk

Median rent

4.32%

Suburb gross yield

Median sale from 46 recorded sales (last 12 months) — a Districts calculation.

See the full Strathfieldsaye report →

Vs Strathfieldsaye

+15.4%

Median sale

Suburb $762,500

-0.57 pp

Gross yield

Suburb 4.32%

Suburb median $762,500 from 46 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
$880,000
Stamp Duty (Victoria)
$47,870
Transfer/Registration Fee
$2,164
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
$933,734

$53,734 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 Strathfieldsaye's advertised median rent — not a rent for this listing.

Net yield
2.25%
Annual cashflow (pre-tax)
$-25,992
Interest cover (DSCR)
0.43
Annual rent
$32,968
Operating expenses
$13,200
Loan amount
$704,000
Annual interest
$45,760
Gross yield
3.75%

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$880,000–$940,000available20 July 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 $634/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 3.7%. 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

Strathfieldsaye in one glance

Strathfieldsaye at a glance

8,026

People

$762,500

Median sale

$634/wk

Median rent

4.32%

Suburb gross yield

Median sale from 46 recorded sales (last 12 months) — a Districts calculation.

See the full Strathfieldsaye report →

Keep researching

  • Why Strathfieldsaye? Read the area thesis →
  • What else is on the market in Strathfieldsaye →
  • Other records on Neon Cres →

Listing material

Listed by Priority1 Property Bendigo

FAMILY HOME WITH SUBDIVISION POTENTIAL

• This property includes a Solid Brick 3-bedroom home plus study and a 2-bedroom bungalow for teens, guests etc.- totaling 5 Bedrooms and 3 Bathrooms/WC's.

• Updated kitchen features stone-topped island, 900mm gas/electric cooking, dishwasher, pantry.

• Extensive covered outdoor living.

Read the full description

• Large lot approx. 2325m² with potential for subdivision (STCA).

• In the heart of Imagine Estate.

A deeper look at this home reveals a collection of standout features that make it far more than a standard residential offering. These are the kind of details that elevate lifestyle, add long term value, and create genuine versatility.

Set on an impressive 2,325m² (approx.) this property offers space that's almost unheard of in modern estates. Even more remarkable is the latent potential for the 500m² allotment at the front of the property, opening the door to future subdivision (STCA), expansion or enhanced street presence.

This family-sized property offers an opportunity to secure a 3 bedroom, 2-bathroom home with a separate 2 bedrooms, 1-bathroom bungalow with its own living and kitchenette. Perfect for multigenerational living, guest accommodation, or rental income.

The main residence includes three good-sized bedrooms, all with robes and ceiling fans, a large separate study for multiple users. The master has a walk-in and ensuite boasting a relaxing corner spa bath, vanity, shower and WC.

Slate floors flow through the open family living/dining and kitchen areas. The recently updated kitchen features a stone-topped island, loads of timber cabinetry, a pantry, 900mm gas/electric cooking and a Miele dishwasher for quick clean-ups.

The adjoining dining room includes a cosy solid fuel heater supplemented by a split system air conditioner.

A separate bungalow with two bedrooms, kitchenette, a bathroom and a large living area is the ideal teen retreat or accommodation for guests, extended family or rental opportunity.

The outdoor entertaining area goes beyond the usual pergola setup. It includes a built-in BBQ, rangehood, ceiling fan, under-bench fridge recess, and a dedicated wine cabinet alcove. It's purpose-built for gatherings, celebrations, and relaxed weekend living.

Designed for big vehicles and easy access the home has a caravan/truck-height carport plus a turning-circle driveway around a mature willow tree makes manoeuvring large vehicles effortless. Ideal for caravans, trailers, work vehicles, or frequent visitors.

A powered shipping container with extensive shelving provides secure, weather-proof storage - ideal for trades, hobbies, or anyone needing serious storage capacity.

An 8kW solar system with 27 panels significantly reduces running costs and supports sustainable living - a major long-term advantage.

This is a must see – call Chris Bone for your inspection today.

Listing description written by Chris Bone, Priority1 Property Bendigo — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Ensuites: 1
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.