Upwey at a glance
6,877
People
$870,000
Median sale
$590/wk
Median rent
3.53%
Suburb gross yield
Median sale from 66 recorded sales (last 12 months) — a Districts calculation.
$730,000
Last sold
3 Sept 2025
2
Bedrooms
1
Bathrooms
2
Car spaces
1,019 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
$730,000
3 Sept 2025 · derived via latest_sale
Local land rate: recorded House sales in Upwey (last 5 years) with land size have a median of $811/m² of land (n=99). Districts calculation from recorded sales — not a valuation.
Upwey at a glance
6,877
People
$870,000
Median sale
$590/wk
Median rent
3.53%
Suburb gross yield
Median sale from 66 recorded sales (last 12 months) — a Districts calculation.
Vs Upwey
-16.1%
Median sale
Suburb $870,000
+0.67 pp
Gross yield
Suburb 3.53%
Suburb median $870,000 from 66 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 $590/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
Upwey at a glance
6,877
People
$870,000
Median sale
$590/wk
Median rent
3.53%
Suburb gross yield
Median sale from 66 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Bell Real Estate BelgravePart of one of the original subdivisions in Upwey, C1909 known as the 'Kumbada Estate', Mahony’s Cottage C1912 is now ready for its next caretaker.
Situated on 1,019m2 (approx.) and located just 200m from Upwey township, shops, train station and close to the Primary and High schools too. Reap the reward for some hard work to restore this character cottage or embrace the current planning zoning a rare NRZ2 zoning -Neighbourhood Residential Zone, which allows for “Small second dwelling” taking into account that development is responsive to the identified neighbourhood character, heritage, environmental or landscape characteristics.
Located on the corner of Mahony Street and View Street, this corner block offers a character filled 2-bedroom weatherboard cottage with original workshop out the back, still filled with clocks of yesteryear. Offering a galley style kitchen, small dining room, a lounge room with a working fireplace, high ceilings and a great main bedroom with sash windows overlooking the front garden. A central bathroom/laundry plus a small second bedroom/study offers all amenities you’ll need.
Ready for renovation to rejuvenate the character features, plus a great covered front verandah overlooking the established garden, filled with European beauties such as azaleas, wisteria, daphne, and the feature tree being an amazing flowering gum. The possibilities of this property are endless.
Alternatively, capitalise on this prized allotment, with potential to build a dream home or a multi-dwelling development (STCA) in this highly sought-after pocket near cafes, shopping, schools, and transport, this is an opportunity not to be overlooked. Concept plans available on request.
• Period weatherboard cottage C1912, filled with period features and front covered verandah
• Options to renovate or redevelop (STCA)
• Over one-quarter acre (approx.) property centrally located to Upwey village
• Highly coveted corner block with NRZ2 zoning for potential subdivision (STCA)
• External workshop/shed and gated off-street parking.
Please note: All information provided has been obtained from sources believed to be accurate, however, we cannot guarantee the information is accurate. Interested parties should make their own enquiries & obtain their own legal advice. We accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans, size, building age or condition).
Listing description written by Jo Hirst, Bell Real Estate Belgrave — reproduced as published, not verified by Districts.