Preston at a glance
37,702
People
$1,210,000
Median sale
$520/wk
Median rent
2.23%
Suburb gross yield
Median sale from 31 recorded sales (last 12 months) — a Districts calculation.
VIC › Preston › Murphy Grove
$1,200,000
Last sold
9 May 2026
2
Bedrooms
1
Bathrooms
1
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
Last sold
$1,200,000
9 May 2026 · derived via latest_sale
Preston at a glance
37,702
People
$1,210,000
Median sale
$520/wk
Median rent
2.23%
Suburb gross yield
Median sale from 31 recorded sales (last 12 months) — a Districts calculation.
Vs Preston
-0.8%
Median sale
Suburb $1,210,000
+0.02 pp
Gross yield
Suburb 2.23%
Suburb median $1,210,000 from 31 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 $520/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
UnknownArea
Preston at a glance
37,702
People
$1,210,000
Median sale
$520/wk
Median rent
2.23%
Suburb gross yield
Median sale from 31 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White ReservoirWhether you're looking to renovate a classic, land-bank for the future, or break ground immediately on a high-end development, 28 Murphy Grove is the "unicorn" you've been searching for. This property offers the best of both worlds: a charming, liveable weatherboard home and endorsed plans and permits for three stunning, architecturally designed townhouses.
The Project: Shovel-Ready Excellence
Skip the years of planning stress. The hard work has been done, with endorsed plans ready for a sophisticated triple-townhouse development:
• Modern Architectural Design: Striking vertical cladding and elegant pitched roofs ensure these residences will be the talk of the street.
• Seamless Living: Each home is designed with an emphasis on light, featuring floor-to-ceiling glass and seamless transitions to private outdoor zones.
• Smart Site Utilisation: The layout maximises the deep allotment, providing privacy and generous landscaped courtyards for every residence.
The Residence: Classic Charm & Immediate Comfort
While you finalise your builders, enjoy a highly rentable or liveable character home filled with period details:
• Period Features: Polished timber floorboards, high ceilings, and ornate ceiling roses throughout.
• Flexible Floor Plan: Features two large bedrooms-a master (4.0m x 3.6m) and a second bedroom (3.3m x 3.1m)-both offering ample space.
• Spacious Living: A bright living room (3.6m x 4.2m) with split-system AC, plus a separate formal dining room (3.6m x 3.8m) with a wall heater.
• Large Kitchen/Meals: A functional space (4.3m x 4.1m) equipped with a dishwasher and oven.
• Massive Backyard: Includes an entertaining deck and a standalone single garage/workshop (3.3m x 6.5m).
The Location: Heart of Preston
Positioned in one of the North's most consistent growth corridors, you are moments from vibrant cafes, local schools, and extensive parklands. Excellent public transport links provide a direct and easy commute to the CBD.
This is a rare opportunity to secure a "triple-threat" development site in a premium pocket. Build the dream or hold for the future-the choice is yours.
For a full information pack, including endorsed plans and permits, contact us today.
Since the permits are already endorsed, are you planning on starting the build yourself, or are you more interested in the land-banking potential of the existing house?
Listing description written by Keb Nguyen, Ray White Reservoir — reproduced as published, not verified by Districts.
Victoria 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.