Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

VIC › Greenvale › Ambition Dr

17 Ambition Dr, Greenvale VIC 3059

For saleHouse for Sale

$630,000–$660,000

For sale

Asking range

3

Bedrooms

2

Bathrooms

2

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $630,000–$660,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $630,000–$660,000(Listing record · 24 July 2026)
  • CalculationAsk is 27% below the Greenvale median recorded sale ($860,000, n=75, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Greenvale's advertised median rent ($601/wk), implied gross yield would be 4.96% — 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

$630,000–$660,000

Asking range

No recorded sale for this property.

Greenvale at a glance

25,921

People

$860,000

Median sale

$601/wk

Median rent

3.63%

Suburb gross yield

Median sale from 75 recorded sales (last 12 months) — a Districts calculation.

See the full Greenvale report →

Vs Greenvale

-26.7%

Median sale

Suburb $860,000

+1.33 pp

Gross yield

Suburb 3.63%

Suburb median $860,000 from 75 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
$630,000
Stamp Duty (Victoria)
$32,870
Transfer/Registration Fee
$1,578
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
$668,148

$38,148 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 Greenvale's advertised median rent — not a rent for this listing.

Net yield
3.46%
Annual cashflow (pre-tax)
$-10,958
Interest cover (DSCR)
0.67
Annual rent
$31,252
Operating expenses
$9,450
Loan amount
$504,000
Annual interest
$32,760
Gross yield
4.96%

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$630,000–$660,000available24 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 $601/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 5.0%. 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

Greenvale in one glance

Greenvale at a glance

25,921

People

$860,000

Median sale

$601/wk

Median rent

3.63%

Suburb gross yield

Median sale from 75 recorded sales (last 12 months) — a Districts calculation.

See the full Greenvale report →

Keep researching

  • Why Greenvale? Read the area thesis →
  • What else is on the market in Greenvale →
  • Other records on Ambition Dr →

Listing material

Listed by SKAD Real Estate Thomastown

Stylish, Low-Maintenance Living Opposite Parkland

Perfectly positioned within the highly sought-after Aspect Estate and directly opposite picturesque parkland, this contemporary residence offers the perfect combination of modern style, generous proportions, and effortless low-maintenance living. Surrounded by quality homes in one of Greenvale's most desirable neighbourhoods, this is an outstanding opportunity for families, first-home buyers, and investors alike.

From the moment you step inside, you're welcomed by a light-filled interior designed for both comfort and functionality. The spacious open-plan living and dining area forms the heart of the home, seamlessly extending to a covered alfresco and easy-care backyard-creating the perfect setting for relaxed family living and year-round entertaining.

The beautifully appointed kitchen has been designed with both style and practicality in mind, featuring 900mm stainless steel gas appliances, stone benchtops, a generous island breakfast bar, abundant storage, and a walk-in pantry to accommodate every culinary need.

Read the full description

Privately positioned, the master suite provides a peaceful retreat complete with a walk-in robe, a sleek ensuite, and a private balcony overlooking the park-offering tranquil, uninterrupted views that are simply priceless. The additional bedrooms are generously proportioned, each fitted with built-in robes and serviced by a contemporary central bathroom finished with quality fixtures and fittings.

Completing the home is a remote-controlled double garage with internal access, ensuring everyday convenience and secure parking.

Enjoy an enviable lifestyle just moments from parklands, walking trails, quality schools, Greenvale Village Shopping Centre, Greenvale Reservoir Park, and with easy access to major arterial roads, Melbourne Airport, and Melbourne's CBD.

Features You'll Love:

• Prime park-facing position within the prestigious Aspect Estate

• Spacious open-plan living and dining area

• Covered alfresco for effortless indoor-outdoor entertaining

• Park views from the master suite

• Guest powder room

• Central ducted heating

• Split system air conditioning

• Roller blinds throughout

• Full-sized laundry

• Excellent storage

Offering contemporary comfort, premium park-front positioning, and exceptional convenience, this impressive home presents an outstanding opportunity to secure a quality lifestyle in one of Greenvale's most tightly held communities.

Due diligence checklist - for home and residential property buyers - http://www.consumer.vic.gov.au/duediligencechecklist.

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, we do not take responsibility for any inaccuracies. Accordingly all interested parties should make their own enquiries to verify the information.

Listing description written by Vik Kadyan, SKAD Real Estate Thomastown — reproduced as published, not verified by Districts.

Property features

  • Ensuites: 1
Districts

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

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.