Mccrae at a glance
3,260
People
$1,100,000
Median sale
$533/wk
Median rent
2.52%
Suburb gross yield
Median sale from 49 recorded sales (last 12 months) — a Districts calculation.
VIC › Mccrae › Burrell St
$2,000,000
Last sold
5 Nov 2024
4
Bedrooms
2
Bathrooms
2
Car spaces
957 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
$2,000,000
5 Nov 2024 · derived via latest_sale
Local land rate: recorded House sales in Mccrae (last 5 years) with land size have a median of $1,293/m² of land (n=114). Districts calculation from recorded sales — not a valuation.
Mccrae at a glance
3,260
People
$1,100,000
Median sale
$533/wk
Median rent
2.52%
Suburb gross yield
Median sale from 49 recorded sales (last 12 months) — a Districts calculation.
Vs Mccrae
+81.8%
Median sale
Suburb $1,100,000
-1.13 pp
Gross yield
Suburb 2.52%
Suburb median $1,100,000 from 49 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 $533/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
Mccrae at a glance
3,260
People
$1,100,000
Median sale
$533/wk
Median rent
2.52%
Suburb gross yield
Median sale from 49 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Granger Estate AgentsSOLD by Steve Granger 0488 333 117
Showcasing uninterrupted views of the iconic McCrae Lighthouse with Port Phillip Bay sweeping across the horizon, this elevated double storey home on a commanding 957m2 corner allotment is positioned within an easy walk to McCrae Village, cafes, restaurants, wine bar and medical precinct with the foreshore, yacht club and lifesaving club just beyond.
Arrive and enter through the secure double electric gates and be captivated by the beauty of vast manicured gardens and the presence of an original coastal home featuring alfresco spaces that bathe in the midday sun. What will also strike you is a highly sought after space for you to introduce a swimming pool with pool house, self contained accommodation/studio or a large shed, all of which can seamlessly blend into the landscape whilst maintaining uninterrupted views from the main residence.
Welcomed by a large formal foyer, you will be drawn upstairs where you are mesmerised by the close proximity and natural beauty of the McCrae Lighthouse together with sunsets, ships sailing by and storms rolling in across the bay. The upper level offers a premium space to relax and entertain, with the lounge set behind large windows that draw the natural environment in, framing the Lighthouse. The open kitchen adjoins the dining area, which leads out onto a full length balcony beyond, where family and friends will enjoy alfresco dining with views amidst the treetops. Completing the upper level is the master bedroom with walk in robe, direct balcony access and a bathroom with separate toilet.
The lower level leads onto an undercover outdoor alfresco where you can relax in the serene beauty of the landscaped gardens or partake in lawn games under the summer sun. A master suite with BIR's has been converted into a spacious open lounge overlooking the front vista with the addition of two bedrooms serviced by a main bathroom with deep soaking bath taking in garden views and a separate shower.
Privately set behind a fully fenced yard with electric gates, there is a high ceiling carport with secure roller door workshop and parking for a boat, caravan, trailer or jet skis. This lifestyle property seamlessly flows across two climate controlled levels for comfortable family living and offers endless opportunities to personalise your coastal home in a highly sought after location with easy access to the Peninsula Link Freeway and Mornington Peninsula beyond.
Listing description written by Steve Granger, Granger Estate Agents — reproduced as published, not verified by Districts.