Mulgrave at a glance
21,251
People
$1,145,000
Median sale
$653/wk
Median rent
2.97%
Suburb gross yield
Median sale from 47 recorded sales (last 12 months) — a Districts calculation.
$710,000–$750,000
For sale
Asking range
3
Bedrooms
1
Bathrooms
4
Car spaces
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
Asking
$710,000–$750,000
Asking range
No recorded sale for this property.
Mulgrave at a glance
21,251
People
$1,145,000
Median sale
$653/wk
Median rent
2.97%
Suburb gross yield
Median sale from 47 recorded sales (last 12 months) — a Districts calculation.
Vs Mulgrave
-38.0%
Median sale
Suburb $1,145,000
+1.81 pp
Gross yield
Suburb 2.97%
Suburb median $1,145,000 from 47 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$43,136 on top of the price (6.1% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Based on the low end of the asking range, not a contract price.
Pre-filled with Mulgrave's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
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 $653/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.
Gross yield if leased at the suburb aggregate is 4.8%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. 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
Mulgrave at a glance
21,251
People
$1,145,000
Median sale
$653/wk
Median rent
2.97%
Suburb gross yield
Median sale from 47 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White Noble Park/SpringvaleOffering the comfort and feel of a standalone home, this beautifully maintained single-level residence combines two spacious living areas, generous outdoor entertaining and an easy-care lifestyle. The property comprises approximately 272m2; of titled land, with the adjoining front yard currently designated as common property, providing approximately 430m2; of total usable area. This can be subdivided (STCA). Designed with flexibility and everyday comfort in mind, the home presents an outstanding opportunity for first home buyers, down sizers and investors alike.
Adding to the sense of space and separation, the front yard areas associated with Lots 1 and 2 are positioned separately from the home, with Lot 2 situated on the corner of Grandview Avenue and Wilma Avenue, and Lot 1 fronting Grandview Avenue. This leaves the residence enjoying its own substantial front yard area and a particularly private, house-like setting.
A welcoming entrance hall sets the tone, leading to a spacious formal lounge that provides a peaceful place to relax or entertain. Flowing effortlessly through to a second family living area, the home offers the flexibility that so many buyers are searching for, with separate spaces for growing families, children or those working from home. The thoughtful design allows easy access through to the kitchen from both the family room and the central hallway, creating a seamless connection between each living zone.
The generously proportioned kitchen is designed for everyday functionality, featuring gas cooking, a tiled splashback, excellent bench space and ample storage. Neatly presented and perfectly functional as it stands, it also offers exciting potential for future updates to create a contemporary culinary space tailored to your own style. The adjoining dining area provides a comfortable setting for family meals and casual gatherings.
The accommodation comprises three well-sized bedrooms, including a spacious master bedroom complete with a walk-in robe. The remaining bedrooms are serviced by a central family bathroom, delivering a practical layout that will suit a wide range of buyers.
Step outside and discover one of the home's standout features. The spacious rear courtyard strikes the perfect balance between entertaining and low-maintenance living, complete with a large undercover alfresco area for year-round enjoyment and enough lawn for children and pets to play without the burden of excessive garden maintenance. A carport provides secure off-street parking, while a garden shed positioned behind offers valuable additional storage.
Designed for comfortable living throughout the seasons, the home features ducted heating and evaporative cooling throughout, a split-system heating and cooling unit in the main living area, while security roller shutters provide additional peace of mind, privacy and everyday convenience.
Ideally located at 3/24 Wilma Avenue, Mulgrave, the home enjoys exceptional convenience with an outstanding selection of educational facilities nearby, including Mulgrave Primary School, Albany Rise Primary School, St John Vianney's Primary School, Wellington Secondary College and Mazenod College. Monash University is also just a short commute away, adding further appeal for students, academics and investors alike. Everyday amenities are equally well catered for, with Waverley Gardens Shopping Centre, M-City Shopping Centre, local parks, public transport and easy access to both the Monash Freeway and EastLink all within easy reach, making daily commuting and weekend outings effortless.
Listing description written by Alan Tran, Ray White Noble Park/Springvale — reproduced as published, not verified by Districts.