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VIC › Kings Park › Gum Rd

23 Gum Rd, Kings Park VIC 3021

House

$645,000

Last sold

20 Aug 2024

3

Bedrooms

2

Bathrooms

3

Car spaces

538 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $645,000 (20 Aug 2024).(Recorded sale)
  • FactLand 538 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Kings Park (last 5 years) with land size: median $1,167/m² of land (n=92). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

What this lot has actually traded at

Last sold

$645,000

20 Aug 2024 · derived via latest_sale

Local land rate: recorded House sales in Kings Park (last 5 years) with land size have a median of $1,167/m² of land (n=92). Districts calculation from recorded sales — not a valuation.

Kings Park at a glance

8,186

People

$680,000

Median sale

$444/wk

Median rent

3.40%

Suburb gross yield

Median sale from 37 recorded sales (last 12 months) — a Districts calculation.

See the full Kings Park report →

Vs Kings Park

-5.1%

Median sale

Suburb $680,000

+0.18 pp

Gross yield

Suburb 3.40%

Suburb median $680,000 from 37 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Sold$645,00020 Aug 2024
  2. Listedprice unknowncompleted3 July 2024
  3. Listedprice unknowncompleted3 July 2024

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $444/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Kings Park in one glance

Kings Park at a glance

8,186

People

$680,000

Median sale

$444/wk

Median rent

3.40%

Suburb gross yield

Median sale from 37 recorded sales (last 12 months) — a Districts calculation.

See the full Kings Park report →

Keep researching

  • Why Kings Park? Read the area thesis →
  • What else is on the market in Kings Park →
  • Other records on Gum Rd →

Listing material

Listed by YPA St Albans

Prime Kings Park Location: Perfect for First Home Buyers, Luxurious and Convenient Living Discover your dream home in the heart of Kings Park!

This beautifully maintained property boasts an inviting front garden that sets the tone for what lies beyond. Step inside to a spacious, open-plan living and dining area, perfect for family gatherings and entertaining guests. The highlight of this home is the stunningly renovated marble kitchen, equipped with high-end stainless steel appliances and sleek kitchen cabinets. This space will inspire your inner chef and make meal preparation a joy.

Venture outside to find a charming pergola, ideal for outdoor dining and relaxation. The easy-to-maintain garden provides a tranquil retreat, while the massive double car garage offers ample space for vehicles and storage.

This home features three generously sized bedrooms, including a master ensuite that provides a private oasis for relaxation. A bright, central bathroom serves the additional bedrooms, ensuring comfort and convenience for the entire family.

Read the full description

Modern comforts are abundant, with air conditioning ensuring year-round comfort. The beautiful hardwood timber floorboards throughout add a touch of elegance to every room. Storage needs are well catered for, and the impressive 27 solar panels significantly reduce energy costs, making this home both luxurious and eco-friendly.

Located in one of the best spots in Kings Park, this property is within walking distance to primary and secondary schools, making the morning school run a breeze. Proximity to freeway access ensures quick and easy commutes to the CBD, while nearby public transport options add to the convenience. Local shops and parks are just a stone's throw away, offering everything you need for a comfortable lifestyle.

Don't miss this exceptional opportunity to secure a prime piece of real estate in Kings Park. Perfect for first home buyers, your ideal home awaits!

Listing description written by Andy Nguyen, YPA St Albans — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.