Mitcham at a glance
17,531
People
$904,000
Median sale
$581/wk
Median rent
3.34%
Suburb gross yield
Median sale from 6 recorded sales (last 24 months) — a Districts calculation.
VIC › Mitcham › Mitcham Rd
$1,405,000
Last sold
19 Dec 2021
4
Bedrooms
2
Bathrooms
6
Car spaces
724 m²
Land
Districts View
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
$1,405,000
19 Dec 2021 · derived via latest_sale
Local land rate: recorded House sales in Mitcham (last 5 years) with land size have a median of $1,586/m² of land (n=14). Districts calculation from recorded sales — not a valuation.
Mitcham at a glance
17,531
People
$904,000
Median sale
$581/wk
Median rent
3.34%
Suburb gross yield
Median sale from 6 recorded sales (last 24 months) — a Districts calculation.
Vs Mitcham
+55.4%
Median sale
Suburb $904,000
-1.19 pp
Gross yield
Suburb 3.34%
Suburb median $904,000 from 6 recorded sales (last 24 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 4
NRZ4
Jurisdiction
Whitehorse
Whitehorse, VIC
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
VICZoned NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 4 · NRZ4 (ZN). Official parcel area about 726 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Official parcel about 726 m² — land size can look like optionality. What reduces it: SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 9; DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 1. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $581/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.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 4 · NRZ4 (ZN). Official parcel area about 726 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
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?
KnownlowOfficial parcel about 726 m² — land size can look like optionality. What reduces it: SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 9; DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 1. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. 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
UnknownNo DA adapter returned applications 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
Mitcham at a glance
17,531
People
$904,000
Median sale
$581/wk
Median rent
3.34%
Suburb gross yield
Median sale from 6 recorded sales (last 24 months) — a Districts calculation.
Listing material
Listed by Barry Plant ManninghamFully renovated and ideally positioned close to Mitcham Private Hospital, this excellent property has approved permits and is well-suited for a 4 bedroom home or medical clinic. The strategic location of the building guarantees a great return on investment and it sits in a family-friendly neighbourhood close to all the Manningham & Whitehorse amenities on offer.
Expect to be impressed from the moment you walk in the front door, as polished timber floors welcome you into the two charming living areas or waiting rooms that effortlessly accommodate any gathering.
An open-plan kitchen showcasing stone benches, stainless steel appliances, and a walk-in pantry lights up this airy space that will entertain all. A set of glass sliding doors showers the rumpus with sunshine and extends it onto a private rear deck that can also serve as the separate rear entrance into a medical office. Spacious and elegant, the bedrooms make for ideal medical rooms or simply serene retreats from a busy day. All are serviced by a central bathroom with modern bathtub to soak your stresses away. The Bosch alarm system, intercom system, and security cameras provide an all-round sense of safety, while a wall heater, gas ducted heating, and split system cooling ensure comfort throughout all seasons.
With a generous 724 sqm in a premium location, rarely does one find such potential to bring their real estate visions to life. This potential development site currently has approved permits to build a medical clinic for a commercial lease/tenancy with up to 11 cars on site. Alternatively it can be used as a multiple unit or apartment site (STCA).
Only moments to shops/cafes/restaurants at Britannia Mall and Mitcham Railway Station. Close to Eastland Shopping Centre, with Westfield Doncaster, Halliday Park, and buses at your doorstep. This property is just waiting for you to unlock its potential!
***PhilipWebb Real Estate Coronavirus Update***
The health of our valued clients and staff is our highest priority. Please note the following changes to our open for inspection processes:
• QR codes will be used to check in
• Our agents and any other employees of the agency at the opens are fully vaccinated.
• Density quotients will apply
• Please maintain safe social distancing of 1.5m from anyone in attendance
• Avoid touching surfaces including fittings and fixtures within the property
• Hand sanitiser is provided
We kindly ask that you refrain from attending an inspection if you:
• Are experiencing flu-like symptoms
• Have tested positive to, or have recently been in contact with someone diagnosed with Coronavirus
• Have recently travelled overseas or have been in direct contact with someone who has
Listing description written by John Zahlan, Barry Plant Manningham — reproduced as published, not verified by Districts.