Flora Hill at a glance
4,040
People
$635,000
Median sale
$460/wk
Median rent
3.77%
Suburb gross yield
Median sale from 40 recorded sales (last 12 months) — a Districts calculation.
VIC › Flora Hill › Somerville St
$550,000
Last sold
13 May 2024
3
Bedrooms
1
Bathrooms
2
Car spaces
595 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
Last sold
$550,000
13 May 2024 · derived via latest_sale
Local land rate: recorded House sales in Flora Hill (last 5 years) with land size have a median of $911/m² of land (n=82). Districts calculation from recorded sales — not a valuation.
Flora Hill at a glance
4,040
People
$635,000
Median sale
$460/wk
Median rent
3.77%
Suburb gross yield
Median sale from 40 recorded sales (last 12 months) — a Districts calculation.
Vs Flora Hill
-13.4%
Median sale
Suburb $635,000
+0.58 pp
Gross yield
Suburb 3.77%
Suburb median $635,000 from 40 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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 $460/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.
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.
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
Flora Hill at a glance
4,040
People
$635,000
Median sale
$460/wk
Median rent
3.77%
Suburb gross yield
Median sale from 40 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by McKean McGregor McKean McGregorWith the newly established Wolstencroft Reserve just down the road, and kindergarten, childcare and post office only a block away, this private and well-presented cottage is also walking distance to the CBD, La Trobe University, Brennan Park Swimming Pool and Strath Village. Hidden away behind a high fence, the home sits on a corner allotment with great off-street parking.
- Convenient central locale: walk to bus stops, Wolstencroft Reserve, CBD, Strath Village shops, post office and La Trobe University; less than one block from childcare and kindergarten
- Corner allotment
- High fence providing privacy to front garden with established, shady trees
- Double shed at rear (accessible via side street, concrete flooring, power, lights, separate workshop)
Entering the property from the street, the front garden features mature trees and established planting providing an oasis from the busy outside world. The main entry opens directly into a central hallway, with a lounge and dining room to one side. These rooms lead directly into a light-filled kitchen which opens through to an outdoor patio, and a large laundry with separate toilet. To the other side of the home are three good-sized bedrooms, all with built-in robes, and a large family bathroom with second toilet is positioned in the centre of the house.
With high ceilings and sash windows, the home has plenty of original charm whilst still benefitting from a contemporary kitchen and bathroom. A double shed at the rear of the property is accessible via a side street, allowing secure, off-street, undercover parking. The shed also features a separate workshop and is attached to a sizeable undercover alfresco area with deck and paving providing an excellent space to entertain outdoors.
Additional features:
- Reverse cycle ducted evaporative cooling and ducted gas heating
- Ceiling fans throughout
- Kitchen appliances including dishwasher and 900mm stove with five-burner gas cooktop
- Sizeable undercover alfresco area at rear (large deck, paved space, downlights, power)
- High ceilings and generously proportioned rooms throughout
- Garden shed at side of home
- Secure off-street parking
- Water feature
Disclaimer: All property measurements and information has been provided as honestly and accurately as possible by McKean McGregor Real Estate Pty Ltd. Some information is relied upon from third parties. Title information and further property details can be obtained from the Vendor Statement. We advise you to carry out your own due diligence to confirm the accuracy of the information provided in this advertisement and obtain professional advice if necessary. McKean McGregor Real Estate Pty Ltd do not accept responsibility or liability for any inaccuracies.
Listing description written by Jayden Donaldson, McKean McGregor McKean McGregor — reproduced as published, not verified by Districts.