Westmeadows at a glance
6,871
People
$776,500
Median sale
$518/wk
Median rent
3.47%
Suburb gross yield
Median sale from 80 recorded sales (last 12 months) — a Districts calculation.
VIC › Westmeadows › Erinbank Cres
$625,000
Last sold
23 Oct 2025
3
Bedrooms
2
Bathrooms
2
Car spaces
234 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
$625,000
23 Oct 2025 · derived via latest_sale
Local land rate: recorded House sales in Westmeadows (last 5 years) with land size have a median of $1,361/m² of land (n=80). Districts calculation from recorded sales — not a valuation.
Westmeadows at a glance
6,871
People
$776,500
Median sale
$518/wk
Median rent
3.47%
Suburb gross yield
Median sale from 80 recorded sales (last 12 months) — a Districts calculation.
Vs Westmeadows
-19.5%
Median sale
Suburb $776,500
+0.84 pp
Gross yield
Suburb 3.47%
Suburb median $776,500 from 80 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 $518/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
Westmeadows at a glance
6,871
People
$776,500
Median sale
$518/wk
Median rent
3.47%
Suburb gross yield
Median sale from 80 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Stockdale & Leggo GlenroyPerfectly positioned in the heart of the Valley Park community, 23 Erinbank Crescent offers lifestyle and convenience at your doorstep. Discover this impressive double-storey residence offering 3 spacious bedrooms and 2 modern bathrooms – the perfect blend of lifestyle and investment potential.
Currently leased at $500 per week ($2,173 per calendar month) on a fixed-term tenancy until 23rd February 2026, this home is already generating a secure rental return from day one of settlement.
Whether you choose to renew the lease for steady income or move in and make it your very own, this property delivers the ultimate flexibility for both homeowners and investors alike.
First Home Buyer Advantage! Take advantage of stamp duty savings and make this opportunity even more rewarding. Enjoy the bonus of earning rental income right away, with the option to move in within 12 months.
Step inside and be impressed by the light-filled open-plan living area, where a stylish kitchen takes centre stage, featuring stone benchtops, an island bench, ample cupboard space, gas cooktop, under-bench oven and dishwasher, all seamlessly connecting to the meals and living areas. Downstairs also includes a separate laundry with built-in cupboards and a convenient powder room.
Upstairs, you'll find three generous bedrooms – two with built-in robes and large windows capturing stunning skyline views towards Melbourne Airport, while the private master bedroom boasts an ensuite, mirrored built-in robes and its own split system.
Additional storage and a spacious central bathroom further enhance the home's practicality. Secure laneway access leads to a double remote-control garage, opening directly to a good-sized backyard and into the home, offering convenience and privacy.
Comfort is assured all year round with gas ducted heating throughout and split-system heating and cooling in both the living area and master bedroom.
Stroll to nearby Parkmore Crescent Park and the Valley Park Community Playground, ideal for family time and outdoor recreation.
The newly established Valley Park Community Centre provides a hub of local services and programs, while shopping, dining, and essential amenities are just minutes away at Broadmeadows Central.
Commuting is a breeze with bus services along Erinbank Crescent and easy access to Broadmeadows Train Station, connecting you directly to the Melbourne CBD. Plus, Melbourne Airport is only a short drive away.
This home offers a perfect blend of investment potential and personal comfort. Don't miss out on this incredible opportunity—contact us today for more details or to arrange a viewing!
Other Key Facts:
Council: City of Hume - Approx $503.00 a quarter, Owners Corporation - Includes building insurance - $236.96 a quarter.
Settlement terms: Prefer 30, 45, 60 days. Deposit 10% required. Any variations to these terms must be approved by the vendor prior to submitting a formal offer.
*Stockdale & Leggo believes this information is correct, but it does not warrant or guarantee the accuracy of the information. You should make your own enquiries, check the information and/or engage the services of a qualified contractor. Certain information has been obtained from external sources and has not been independently verified.*
Listing description written by Lilian Farrugia, Stockdale & Leggo Glenroy — reproduced as published, not verified by Districts.