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VIC › Mount Evelyn › The Wridgeway

18-22 The Wridgeway, Mount Evelyn VIC 3796

For saleHouse

$1,700,000–$1,800,000

For sale

Asking range

4

Bedrooms

2

Bathrooms

3

Car spaces

4,251 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,700,000–$1,800,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,700,000–$1,800,000(Listing record · 30 June 2026)
  • FactLand 4,251 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Mount Evelyn (last 5 years) with land size: median $820/m² of land (n=95). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 90% above the Mount Evelyn median recorded sale ($894,000, n=21, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Mount Evelyn's advertised median rent ($574/wk), implied gross yield would be 1.76% — 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

$1,700,000–$1,800,000

Asking range · $400/m² of land

No recorded sale for this property.

Local land rate: recorded House sales in Mount Evelyn (last 5 years) with land size have a median of $820/m² of land (n=95). Districts calculation from recorded sales — not a valuation.

Mount Evelyn at a glance

10,065

People

$894,000

Median sale

$574/wk

Median rent

3.34%

Suburb gross yield

Median sale from 21 recorded sales (last 12 months) — a Districts calculation.

See the full Mount Evelyn report →

Vs Mount Evelyn

+90.2%

Median sale

Suburb $894,000

-1.58 pp

Gross yield

Suburb 3.34%

Suburb median $894,000 from 21 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
$1,700,000
Stamp Duty (Victoria)
$93,500
Transfer/Registration Fee
$3,614
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
$1,800,814

$100,814 on top of the price (5.9% 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 Mount Evelyn's advertised median rent — not a rent for this listing.

Net yield
0.26%
Annual cashflow (pre-tax)
$-84,052
Interest cover (DSCR)
0.05
Annual rent
$29,848
Operating expenses
$25,500
Loan amount
$1,360,000
Annual interest
$88,400
Gross yield
1.76%

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$1,700,000–$1,800,000available30 June 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 $574/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 1.8%. 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

Mount Evelyn in one glance

Mount Evelyn at a glance

10,065

People

$894,000

Median sale

$574/wk

Median rent

3.34%

Suburb gross yield

Median sale from 21 recorded sales (last 12 months) — a Districts calculation.

See the full Mount Evelyn report →

Keep researching

  • Why Mount Evelyn? Read the area thesis →
  • What else is on the market in Mount Evelyn →
  • Other records on The Wridgeway →

Listing material

Listed by Professionals Outer East

ELEVATED PERFECTION! GRAND LIVING, SPECTACULAR VIEWS AND ELITE ENTERTAINING IN MOUNT EVELYN

Commanding an elevated position on a magnificent 4,251m² allotment, this masterfully designed dual-level residence delivers the ultimate lifestyle sanctuary where rural tranquility meets refined modern convenience. Enwrapped by sweeping, panoramic valley and mountain views, the home has been brilliantly curated to maximize space, natural light and breathtaking vistas from every possible angle.

Stepping inside, you are greeted by an abundance of versatile living spaces designed to accommodate growing families and multi-generational living with ease. The sprawling lower level serves as an entertainer's dream, featuring an expansive rumpus room equipped with a fully fitted wet bar, an adjacent gym room (with plumbing for potential downstairs bathroom) and a gold class home theatre featuring a projector screen and raised seating platforms.

Upstairs the home transitions seamlessly into everyday comfort. A sun-drenched family domain effortlessly flows into a central, light-filled meals and kitchen area, boasting an expansive breakfast bar island, premium appliances and sleek cabinetry. Adjacent lounge and dining zones provide further separation, ensuring endless room to relax. Accommodation includes a private study and three spacious bedrooms, led by a luxurious master retreat complete with ample wardrobes & pristine ensuite plus several options to create a 4th or even a 5th bedroom if required.

Read the full description

Outside, a sweeping tree-lined driveway guides you through park-like lawns toward a large, oversized garage, big enough to fit three cars in. The rear of the property unfolds into a magnificent outdoor oasis. An expansive timber alfresco deck offers the perfect platform for summer barbecues, looking out over a spectacular, glass-fenced in-ground gas heated swimming pool surrounded by paving and greenery. Positioned just a short drive from Mount Evelyn's popular shopping village, sporting ovals, and scenic walking trails, this breathtaking estate encapsulates the absolute pinnacle of Yarra Ranges living.

Listing description written by Ben Weeks, Professionals Outer East — reproduced as published, not verified by Districts.

Property features

  • Balcony
  • Built-in Robes
  • Deck
  • Dishwasher
  • Ducted Cooling
  • Ducted Heating
  • Gym
  • Intercom
  • Outdoor Entertaining
  • In-Ground Pool
  • Remote Garage
  • Rumpus Room
  • Solar Panels
  • Study
  • Vacuum System
  • Water Tank
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.