Mount Clear at a glance
3,646
People
$598,000
Median sale
$408/wk
Median rent
3.55%
Suburb gross yield
Median sale from 39 recorded sales (last 12 months) — a Districts calculation.
VIC › Mount Clear › Melvyn Cres
$509,500
Last sold
24 Dec 2020
5
Bedrooms
2
Bathrooms
2
Car spaces
626 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Last sold
$509,500
24 Dec 2020 · derived via latest_sale
Local land rate: recorded House sales in Mount Clear (last 5 years) with land size have a median of $778/m² of land (n=95). Districts calculation from recorded sales — not a valuation.
Mount Clear at a glance
3,646
People
$598,000
Median sale
$408/wk
Median rent
3.55%
Suburb gross yield
Median sale from 39 recorded sales (last 12 months) — a Districts calculation.
Vs Mount Clear
-14.8%
Median sale
Suburb $598,000
+0.61 pp
Gross yield
Suburb 3.55%
Suburb median $598,000 from 39 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning 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.
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
No advertised rent is recorded. Suburb median rent $408/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
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.”
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
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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Mount Clear at a glance
3,646
People
$598,000
Median sale
$408/wk
Median rent
3.55%
Suburb gross yield
Median sale from 39 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Buxton BallaratNestled within a quiet crescent in a lovely tranquil area of Mt Clear is this five-bedroom, two living, spacious family home situated on a generous 626m2 allotment.
Designed with a free-flowing open plan feel, the front of the home hosts the master bedroom complete with walk in robe and ensuite as well as a good-sized living zone. The kitchen has stainless steel appliances with built-in microwave cavity, plenty of cupboards for storage and opens up to the dining area and second living zone.
You will find bedrooms two, three and four at the rear of the home and all are of good size, complete with built in robes. Bedroom five is positioned in the centre of the home and would also make a fantastic playroom, home office or third living space.
Other features include double lock up garage with direct access to the home and double door access to the rear yard. There is an undercover outdoor alfresco and plenty of room in the backyard for the children’s play equipment
This home has ducted central heating and is freshly painted throughout making it light and bright with modern colour schemes and fully established garden beds.
Situated in a prime position close to playgrounds, parklands and walking tracks, this home is literally less than two minutes from the Midvale Shopping Centre, three minutes to both private and public primary and secondary schools and less than ten minutes to Federation University. Previously tenanted at $550 per week this home is perfect for families or the sharp investor.
Contact me today to secure your private inspection.
Listing description written by Brayden Dorney, Buxton Ballarat — reproduced as published, not verified by Districts.