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VIC › Essendon › Peterleigh Grove

29 Peterleigh Grove, Essendon VIC 3040

For saleHouse

$1,490,000

For sale

Asking

3

Bedrooms

1

Bathrooms

3

Car spaces

497 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,490,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,490,000(Listing record · 10 June 2026)
  • FactLand 497 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Essendon (last 5 years) with land size: median $3,353/m² of land (n=22). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 4% below the Essendon median recorded sale ($1,560,000, n=21, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Essendon's advertised median rent ($531/wk), implied gross yield would be 1.85% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$1,490,000

Asking · $2,998/m² of land

No recorded sale for this property.

Local land rate: recorded House sales in Essendon (last 5 years) with land size have a median of $3,353/m² of land (n=22). Districts calculation from recorded sales — not a valuation.

Essendon at a glance

22,505

People

$1,560,000

Median sale

$531/wk

Median rent

1.77%

Suburb gross yield

Median sale from 21 recorded sales (last 12 months) — a Districts calculation.

See the full Essendon report →

Vs Essendon

-4.5%

Median sale

Suburb $1,560,000

+0.08 pp

Gross yield

Suburb 1.77%

Suburb median $1,560,000 from 21 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$1,490,000
Stamp Duty (Victoria)
$81,950
Transfer/Registration Fee
$3,591
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,579,241

$89,241 on top of the price (6.0% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

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.

Rental yield

Pre-filled with Essendon's advertised median rent — not a rent for this listing.

Net yield
0.35%
Annual cashflow (pre-tax)
$-72,218
Interest cover (DSCR)
0.07
Annual rent
$27,612
Operating expenses
$22,350
Loan amount
$1,192,000
Annual interest
$77,480
Gross yield
1.85%

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.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$1,490,000available9 June 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $531/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 1.9%. 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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Essendon in one glance

Essendon at a glance

22,505

People

$1,560,000

Median sale

$531/wk

Median rent

1.77%

Suburb gross yield

Median sale from 21 recorded sales (last 12 months) — a Districts calculation.

See the full Essendon report →

Keep researching

  • Why Essendon? Read the area thesis →
  • What else is on the market in Essendon →
  • Other records on Peterleigh Grove →

Listing material

Listed by McDonald Upton

Inter-War Charmer in the Heart of the Windy Hill Estate

With mature trees, preserved heritage, and a community atmosphere among the reasons Peterleigh Grove homes so rarely change hands, this inviting classic celebrates its inter-war origins; the perfect base for a revamp to rival Essendon’s best.

As captivating today as when crafted the better part of a century ago, manicured gardens and curved portico set the tone for bright, charming interiors to follow. Picture rails and intricate cornices headline the array of details keeping character alive, while a tidy bathroom and three large, robe-lined bedrooms prove ideal counterparts to living, dining, storage-rich kitchen, sunroom/study, and child-friendly backyard spaces.

• Inter-war classic in the prized Windy Hill Estate

Read the full description

• Picture rails, cornices & rich original character

• Living, dining, sunroom/study & storage-rich kitchen

• Heating/cooling, deep yard, parking for several

• Near trains, parks, elite schools & lifestyle hubs

Giving the option to move in and enjoy, plan in coming years, and undertake a renovation and extension (STCA) weaving cutting-edge comfort into truly timeless design, the home’s other, current highlights include split-system heating/cooling, gas cooking, a full-size laundry, garage, carport, and driveway for several cars comfortably off-street.

Among revered Windy Hill surrounds, it’s mere metres to Glenbervie Station for quick city access, Windy Hill oval and Fitness Centre, and the cafés, restaurants, bars, and boutiques spanning North Essendon Village and Napier, Fletcher, and Rose Streets, with esteemed colleges and grammar schools, tranquil Queens Park, CityLink, and Puckle Street all nearby.

Listing description written by Andrew Butler, McDonald Upton — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.