Northcote at a glance
27,428
People
$1,620,000
Median sale
$615/wk
Median rent
1.97%
Suburb gross yield
Median sale from 19 recorded sales (last 12 months) — a Districts calculation.
VIC › Northcote › Bastings St
2
Bedrooms
1
Bathrooms
3
Car spaces
303 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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Northcote (last 5 years) with land size have a median of $3,819/m² of land (n=15). Districts calculation from recorded sales — not a valuation.
Northcote at a glance
27,428
People
$1,620,000
Median sale
$615/wk
Median rent
1.97%
Suburb gross yield
Median sale from 19 recorded sales (last 12 months) — a Districts calculation.
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 $615/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
Northcote at a glance
27,428
People
$1,620,000
Median sale
$615/wk
Median rent
1.97%
Suburb gross yield
Median sale from 19 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Nicholson Real EstateMilk bars were once an icon of Australian suburbia: modest corner shops that provided everything from newspapers and milk to mixed lollies and impromptu conversations with neighbours. Many were established by immigrant families more than half a century ago; however, in recent years, gentrification has seen them slowly replaced by sleek cafes, boutique wine bars, and chain retailers.
202 Bastings Street remains a rare and nostalgic example of the "mixed business" model: a traditional milk bar at the front, with a two (potentially three)-bedroom residence tucked away at the rear. This is a property layered with history and community significance, offering a unique opportunity to restore, reinvent or redevelop (STCA).
When the current owners' family first opened the shop 60 years ago, it sold everything: groceries, cleaning products, ice creams, and single lollies chosen one-by-one by local kids. Long before the advent of late-night shopping, supermarkets, or extended trading hours, the milk bar was essential-lines of customers would often stretch out the door. It operated as a milk bar for 40 years, serving the neighbourhood through changing times. The owner's mother ran the business until she was 70; she was well known and warmly regarded in the area.
At the shopfront, a wide tin awning stretches out over the footpath-a welcome feature on Melbourne's wet winter mornings. A bus stop directly out the front served as a regular gathering point for school children, commuters, and local characters. The large, wall-to-wall front windows provided a generous display of goods for sale: jars of lollies, loaves of bread, bottles of cordial, and the everyday essentials that kept the neighbourhood ticking.
Inside, the bones of the shop remain: high ceilings, linoleum floors, and a layout that invites reinvention-whether as a retail space, studio, gallery or home business. Behind the shop, the residence unfolds into a surprisingly spacious two or three-bedroom dwelling: modest but functional, with scope to upgrade or reimagine to suit contemporary living.
Adding to its appeal is a garage with access off Stafford Street-a practical inclusion that enhances flexibility, whether for private use, storage, or deliveries.
Properties like 202 Bastings Street rarely come to market. It offers a slice of suburban history; a canvas for creativity; and a chance to hold onto something that, in many parts of Melbourne, has already vanished.
See the virtual tour link here:
https://tinyurl.com/202-Bastings-St
Listing description written by Claire Spring, Nicholson Real Estate — reproduced as published, not verified by Districts.