Parkdale at a glance
12,762
People
$1,597,500
Median sale
$574/wk
Median rent
1.87%
Suburb gross yield
Median sale from 54 recorded sales (last 12 months) — a Districts calculation.
VIC › Parkdale › Nepean Hwy
$2,350,000–$2,550,000
For sale
Asking range
5
Bedrooms
2
Bathrooms
6
Car spaces
1,526 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
Asking
$2,350,000–$2,550,000
Asking range · $1,540/m² of land
No recorded sale for this property.
Local land rate: recorded House sales in Parkdale (last 5 years) with land size have a median of $2,333/m² of land (n=35). Districts calculation from recorded sales — not a valuation.
Parkdale at a glance
12,762
People
$1,597,500
Median sale
$574/wk
Median rent
1.87%
Suburb gross yield
Median sale from 54 recorded sales (last 12 months) — a Districts calculation.
Vs Parkdale
+47.1%
Median sale
Suburb $1,597,500
-0.60 pp
Gross yield
Suburb 1.87%
Suburb median $1,597,500 from 54 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.
$140,064 on top of the price (6.0% 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 Parkdale'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 $574/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 1.3%. 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
Parkdale at a glance
12,762
People
$1,597,500
Median sale
$574/wk
Median rent
1.87%
Suburb gross yield
Median sale from 54 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Barry Plant BaysideAn exceptional offering in one of Parkdale's most tightly held and rapidly evolving bayside pockets, 254 - 256 Nepean Highway presents an opportunity of remarkable scale, flexibility and future potential. These two substantial allotments each boast an impressive 15.3m frontage, creating an expansive combined frontage of approximately 30.6m across a total landholding of 1,526m2 (approx.) - an offering of genuine significance for developers, investors and families alike. Zoned GRZ5, with potential 3 story redevelopment (STCA) - the properties present outstanding scope for multiple-residence redevelopment, subdivision or a landmark bayside project - Ideal for a Medical Centre, Aged Care, Child Care (STCA) or Display Homes (STCA).
The substantial dimensions, broad frontage and highly strategic position combine to create an increasingly rare development opportunity in a thriving lifestyle locale where large-scale landholdings are becoming exceptionally difficult to secure. For housing developers, the combined site offers exceptional versatility and scale, providing the ideal foundation for a premium townhouse or multi-dwelling development (STCA). The rare 30.6m frontage enhances design flexibility, site accessibility and overall development appeal, while the ability to purchase one or both properties further broadens the opportunity.
Equally compelling for families and investors, both residences offer comfortable accommodation, immediate liveability and strong rental potential while future plans are considered. Positioned on approximately 775m2, 254 Nepean Highway is a character-filled three-bedroom residence offering generous family proportions and enduring period charm. Multiple living zones, spacious accommodation and established outdoor surrounds are complemented by a swimming pool, creating an immediately enjoyable family environment with exceptional long-term upside. 256 Nepean Highway occupies approximately 751m2 and features a well-maintained two-bedroom home with high ceilings, comfortable living and dining spaces, a functional kitchen and an expansive backyard.
Perfectly liveable as is, the home also presents exciting scope to renovate, extend, rebuild or lease out while capitalising on the future potential of the land. Superbly positioned within close proximity to Thrift Park Shops, Parkdale Beach, Parkdale Village shops, cafés and eateries, Parkdale and Mentone Train Stations, Mentone Grammar, Mentone Girls' Grammar, St Bede's College, Kilbreda College, Parkdale Secondary College, St Patrick's Primary School, Mentone Primary School, Parkdale Primary School, Westfield Southland, Mordialloc's shops, cafes/eateries, picturesque reserves and Bayside's most popular beaches - this is an extraordinary opportunity to secure a blue-chip landholding of scale in a location synonymous with lifestyle, convenience and sustained growth.
Whether the vision is redevelopment, investment or creating a long-term family legacy, opportunities of this calibre are extremely rare.
ALL ENQUIRIES MUST INCLUDE A CONTACT NUMBER.
Listing description written by Eva Cumming, Barry Plant Bayside — reproduced as published, not verified by Districts.
Also look at
251 Nepean Hwy, Parkdale VIC 3195
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