Baxter at a glance
2,187
People
$746,500
Median sale
$579/wk
Median rent
4.03%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
VIC › Baxter › Railway Rd
$840,000
Last sold
30 Oct 2025
4
Bedrooms
2
Bathrooms
0
Car spaces
768 m²
Land
Districts View
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
$840,000
30 Oct 2025 · derived via latest_sale
Local land rate: recorded House sales in Baxter (last 5 years) with land size have a median of $1,153/m² of land (n=67). Districts calculation from recorded sales — not a valuation.
Baxter at a glance
2,187
People
$746,500
Median sale
$579/wk
Median rent
4.03%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Vs Baxter
+12.5%
Median sale
Suburb $746,500
-0.45 pp
Gross yield
Suburb 4.03%
Suburb median $746,500 from 17 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
GENERAL RESIDENTIAL ZONE - SCHEDULE 1
GRZ1
Jurisdiction
Mornington Peninsula
Mornington Peninsula, 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 GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 770 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. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $579/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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 GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 770 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?
KnownmediumOfficial parcel about 770 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
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
Baxter at a glance
2,187
People
$746,500
Median sale
$579/wk
Median rent
4.03%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ash Marton RealtySet on a generous 768sqm (approx.) allotment with approved plans and permits for three double-storey townhouses, 24 Railway Road, Baxter presents an exceptional opportunity to secure a home with immediate comfort and outstanding future potential.
Perfectly positioned in a rapidly growing pocket bordering Frankston-one of the country's top-performing suburbs, this property blends light-filled family living with long-term investment confidence.
Beyond its inviting façade framed by a beautiful cherry tree, the home welcomes you into a warm and spacious interior featuring floating floors, downlights throughout, and an abundance of natural light. The large front lounge offers a peaceful retreat, complete with a fireplace and split system heating and cooling, ideal for relaxed living across all seasons.
The bright kitchen and dining area form the heart of the home, designed for everyday functionality and family connection. Sliding doors extend to a covered, paved outdoor area, providing effortless indoor-outdoor flow for entertaining or quiet retreat. A shed at the rear adds valuable storage flexibility.
Cleverly zoned, the home features two bedrooms with built-in robes downstairs, serviced by a central bathroom and separate toilet, while two additional bedrooms and a second living space upstairs cater perfectly to family dynamics or guest accommodation.
With a secure lease in place, this property provides holding income while future plans take shape, ideal for developers, investors or those seeking a dual-purpose asset.
Located just moments from Baxter Village, Baxter Train Station, and Baxter Primary School, and within easy access to Peninsula Link, this address offers the perfect blend of accessibility, lifestyle and growth.
Whether you're seeking a sound investment, development opportunity or family home with future upside, 24 Railway Road stands as a smart and stylish choice in an area primed for continued success.
Listing description written by Ash Marton, Ash Marton Realty — reproduced as published, not verified by Districts.