Fraser Rise at a glance
16,796
People
$675,000
Median sale
$570/wk
Median rent
4.39%
Suburb gross yield
Median sale from 188 recorded sales (last 12 months) — a Districts calculation.
VIC › Fraser Rise › Serra Way
$740,000
Last sold
7 Feb 2020
4
Bedrooms
2
Bathrooms
2
Car spaces
544 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
$740,000
7 Feb 2020 · derived via latest_sale
Local land rate: recorded House sales in Fraser Rise (last 5 years) with land size have a median of $2,051/m² of land (n=97). Districts calculation from recorded sales — not a valuation.
Fraser Rise at a glance
16,796
People
$675,000
Median sale
$570/wk
Median rent
4.39%
Suburb gross yield
Median sale from 188 recorded sales (last 12 months) — a Districts calculation.
Vs Fraser Rise
+9.6%
Median sale
Suburb $675,000
-0.38 pp
Gross yield
Suburb 4.39%
Suburb median $675,000 from 188 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
URBAN GROWTH ZONE - SCHEDULE 1
UGZ1
Jurisdiction
Melton
Melton, 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 URBAN GROWTH ZONE - SCHEDULE 1 · UGZ1 (ZN). Official parcel area about 2,626 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 2,626 m² — land size can look like optionality. What reduces it: DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 1. This overlay can reduce what the land size appears to promise. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $570/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 URBAN GROWTH ZONE - SCHEDULE 1 · UGZ1 (ZN). Official parcel area about 2,626 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 2,626 m² — land size can look like optionality. What reduces it: DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 1. This overlay can reduce what the land size appears to promise.
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
Fraser Rise at a glance
16,796
People
$675,000
Median sale
$570/wk
Median rent
4.39%
Suburb gross yield
Median sale from 188 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by THE ELEET Land SpecialistCome and live in the dream suburb of Fraser Rise'. Just a 5 minutes' drive to the CS Square Shopping Centre, Southern Cross Grammar and Springside West Secondary College, this open-plan family home is sure to impress!
Sitting on a 544 m² (approx.) block of land, this beautiful Simonds home' is built on one of the biggest blocks of the street with a 15 m (approx.) frontage.
The design of this house is open and spacious with:
• multiple living areas, study;
• Spacious master bedroom with walk-in robe and en-suite;
• 3 large bedrooms with built-in robes;
• Modern kitchen with 900mm appliances serviced by the adjoining walk-in pantry, Caesar-stone benchtop and extra being cupboard spaces overlooking meals and family area;
• linen closet and separate laundry room with concrete outside;
• Spacious central bathroom with bathtub, extended shower and powder room;
• Double remote controlled garage with internal and rear access;
• Undercover alfresco area with timber decking to retreat;
Extras being:
Quality led light fittings, ducted heating and split systems, security alarm system, CCTV cameras, intercom system, ample of storage space throughout, down lights, quality tapware, tiled shower base, double-glazed windows, and so much more.
Please feel free to contact Aashish Mann at 0435 353 610 for all your queries.
PHOTO ID IS A MUST AT ALL OPEN FOR INSPECTIONS.
DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.
Please see the below link for an up-to-date copy of the Due Diligence Check List:
http://www.consumer.vic.gov.au/duediligencechecklist
Listing description written by Aashish Mann, THE ELEET Land Specialist — reproduced as published, not verified by Districts.