Ashwood at a glance
7,459
People
$1,379,440
Median sale
$391/wk
Median rent
1.47%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
VIC › Ashwood › Railway Ave
$1,430,000
Last sold
3 July 2025
9
Bedrooms
2
Bathrooms
0
Car spaces
650 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
$1,430,000
3 July 2025 · derived via latest_sale
Local land rate: recorded House sales in Ashwood (last 5 years) with land size have a median of $2,048/m² of land (n=24). Districts calculation from recorded sales — not a valuation.
Ashwood at a glance
7,459
People
$1,379,440
Median sale
$391/wk
Median rent
1.47%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
Vs Ashwood
+3.7%
Median sale
Suburb $1,379,440
-0.05 pp
Gross yield
Suburb 1.47%
Suburb median $1,379,440 from 16 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 $391/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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
Ashwood at a glance
7,459
People
$1,379,440
Median sale
$391/wk
Median rent
1.47%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Eleven North Property GroupPositioned in this expectational location on approximately 650m2 is this fantastic investment opportunity, with capacity to recreate positive cashflow as a rooming house or short stay accommodation.
When fully permitted for the intention as a 9 bedroom residence, it offers the potential to generate approximately $110,000 - $130,000 in annual income, providing strong income security and a positive return on investment.
Featuring nine bedrooms, two full bathrooms, laundry facilities and a fully equipped kitchen.
Although the previous permit has expired, it can be easily reinstated upon request, streamlining the process to resume operations.
Ideally situated for access to some of Melbourne’s most reputable educational institutions, including Ashwood High School, as well as leading tertiary campuses such as Holmesglen Institute’s Chadstone campus, Deakin University’s Burwood campus, and Monash University’s renowned Clayton campus—making it easily accessible for both students and staff alike.
Public transport options further enhance the appeal of this location, with nearby bus routes and train services - such as Jordanville and Holmesglen Stations — offering direct connections to many of these institutions. This strong network of transport links ensures that 20 Railway Avenue is not only well-positioned academically, but also exceptionally convenient for daily commuting.
Seize the opportunity to secure this high-performing investment asset.
PLEASE NOTE:
Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent.
Eleven North Property Group requires full contact information with all enquiries and reserves the right to refuse to provide information if full contacts details are not provided.
Listing description written by Jerry Yeghichian, Eleven North Property Group — reproduced as published, not verified by Districts.
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