Chelsea Heights at a glance
5,447
People
$985,000
Median sale
$591/wk
Median rent
3.12%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
VIC › Chelsea Heights › Third Ave
$747,200
Last sold
26 June 2019
4
Bedrooms
2
Bathrooms
0
Car spaces
701 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
$747,200
26 June 2019 · derived via latest_sale
Local land rate: recorded House sales in Chelsea Heights (last 5 years) with land size have a median of $1,664/m² of land (n=52). Districts calculation from recorded sales — not a valuation.
Chelsea Heights at a glance
5,447
People
$985,000
Median sale
$591/wk
Median rent
3.12%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Vs Chelsea Heights
-24.1%
Median sale
Suburb $985,000
+0.99 pp
Gross yield
Suburb 3.12%
Suburb median $985,000 from 17 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 7
NRZ7
Jurisdiction
Kingston (Vic.)
Kingston (Vic.), 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 NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 7 · NRZ7 (ZN). Official parcel area about 652 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 $591/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 NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 7 · NRZ7 (ZN). Official parcel area about 652 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 652 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
Chelsea Heights at a glance
5,447
People
$985,000
Median sale
$591/wk
Median rent
3.12%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by OBrien Real Estate Chelsea & SeafordInvestors take note! Rent potential $630 per week!!!
Front home potential $380 per week, bungalow $250 per week. Huge income potential.
Cottage charm is evident and opportunity is in abundance with this lovely weatherboard home and separate bungalow. Offering approx. 700m2 of land the homes are positioned in the heart of Chelsea Heights in a beautiful street you are walking distance to Chelsea Heights Primary School, Chelsea Heights Kindergarten is across the road, the bus to the station is in your street, specialty shops including a doctor, chemist, supermarket and post office are less than 500m away - this really is a great location! Comprising of the following features:
MAIN HOUSE:
- 3 bedrooms plus study, bedroom 2 has a sitting room or could be converted back to another bedroom if needed
- Good size lounge room with original carpets and wall paper. Split system air conditioner
- Large original kitchen with dining space and split system, gas cooking in working order
- Study
- Central bathroom, clean and functional
- Separate laundry with separate toilet
BUNGALOW:
- Lounge room with heater
- King size bedroom with en-suite
- Functional kitchen and dining room
- Separate laundry
- Private rear yard
Option 1 - Develop (STCA). This is a great block for 2 prestige townhouses, while at council collect a very healthy rental income with 2 potential returns, (bungalow currently collecting rent)
Option 2 - Dual living. Perfect for families that need 'in law' accommodation. Keep mum and dad close by and safe with them living on the same property. Keep your own privacy by being in the main home.
Option 3 - Renovate and reap the rewards. This home is original but has good bones and offers scope to make an excellent family home. Keep or remove the bungalow - there is space for a pool!
Option 4 - Home business (STCA) Renovate the main home and run the business from home, save on renting costly office/warehouse space and use the bungalow to keep the business affairs private
A unique opportunity in a handy location, this one will not last long. Call today to arrange your inspection.
Listing description written by OBrien Real Estate Chelsea and Seaford, OBrien Real Estate Chelsea & Seaford — reproduced as published, not verified by Districts.