Highett at a glance
12,766
People
$1,480,000
Median sale
$603/wk
Median rent
2.12%
Suburb gross yield
Median sale from 8 recorded sales (last 12 months) — a Districts calculation.
VIC › Highett › Gilarth St
$1,405,000
Last sold
25 Jan 2023
2
Bedrooms
1
Bathrooms
2
Car spaces
657 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
25 Jan 2023 · derived via latest_sale
Local land rate: recorded House sales in Highett (last 5 years) with land size have a median of $2,201/m² of land (n=14). Districts calculation from recorded sales — not a valuation.
Highett at a glance
12,766
People
$1,480,000
Median sale
$603/wk
Median rent
2.12%
Suburb gross yield
Median sale from 8 recorded sales (last 12 months) — a Districts calculation.
Vs Highett
-5.1%
Median sale
Suburb $1,480,000
+0.11 pp
Gross yield
Suburb 2.12%
Suburb median $1,480,000 from 8 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 3
NRZ3
Jurisdiction
Bayside (Vic.)
Bayside (Vic.), 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 3 · NRZ3 (ZN). Official parcel area about 659 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 659 m² — land size can look like optionality. What reduces it: DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 1; DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 3; SPECIAL BUILDING OVERLAY. 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 $603/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 3 · NRZ3 (ZN). Official parcel area about 659 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 659 m² — land size can look like optionality. What reduces it: DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 1; DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 3; SPECIAL BUILDING OVERLAY. 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
Highett at a glance
12,766
People
$1,480,000
Median sale
$603/wk
Median rent
2.12%
Suburb gross yield
Median sale from 8 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White The Bayside GroupSet in this fast gentrifying Highett precinct amongst other elite homes, this gutted and primed NRZ3-Zoned property - meaning no town planning processing for single dwelling developments - offers a HUGE 657sqm (approx.) land parcel that's more than ready to be reborn. And it goes without saying just how increasingly rare an undercapitalised find such as this becomes available in this bayside pocket these days!
Just over 1km from the bustling Highett shops and train station; Highland Reserve and playground at the end of the street, an easy walk to Sandringham College campuses, Bluff Road and Bay Road shops, and a mere 3km from Southland shops and train station.
It's the developer, investor, or the new-home builder's dream-come-true - a doorway into this thriving bayside location, minus the price tag! With a wide 15.8m street frontage by 41.5m (approx) deep building canvas to play with, an array of development opportunities and options are there to explore.
Bring the kids, pace out the space for a sunny pool and give your architect the nod to start drafting up plans for your dream family home…like the fortunate families who have already built at this family-wise address. Alternatively, measure out this prime site to fit multiple new residences (STCA) for maximum return on investment.
For a clean, easy start, the existing home has been completely gutted to an empty shell, providing excellent cost, time and energy savings to the new owner, who are no doubt eager to start a new life here!
Whatever you choose, this is a rare chance to snap up an affordable entry into this popular address: wipe the slate clean and make your mark on this pocket with Highett's next premier address!
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.
* Photo ID required at all open for inspections
*As per government regulations, anyone attending a public open home inspection or auction must provide proof of double vaccination and check in via the QR code provided on site.
Listing description written by Mat Suckling, Ray White The Bayside Group — reproduced as published, not verified by Districts.