Mill Park at a glance
29,207
People
$762,500
Median sale
$512/wk
Median rent
3.49%
Suburb gross yield
Median sale from 10 recorded sales (last 24 months) — a Districts calculation.
$672,500
Last sold
14 Sept 2024
3
Bedrooms
1
Bathrooms
4
Car spaces
557 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
$672,500
14 Sept 2024 · derived via latest_sale
Local land rate: recorded House sales in Mill Park (last 5 years) with land size have a median of $1,349/m² of land (n=30). Districts calculation from recorded sales — not a valuation.
Mill Park at a glance
29,207
People
$762,500
Median sale
$512/wk
Median rent
3.49%
Suburb gross yield
Median sale from 10 recorded sales (last 24 months) — a Districts calculation.
Vs Mill Park
-11.8%
Median sale
Suburb $762,500
+0.47 pp
Gross yield
Suburb 3.49%
Suburb median $762,500 from 10 recorded sales (last 24 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 $512/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
Mill Park at a glance
29,207
People
$762,500
Median sale
$512/wk
Median rent
3.49%
Suburb gross yield
Median sale from 10 recorded sales (last 24 months) — a Districts calculation.
Listing material
Listed by Ray White BundooraCharming Renovated Gem in the Heart of Mill Park.
Welcome to 295 Childs Road, a beautiful three bedroom home nestled in the vibrant heart of Mill Park. Offering a perfect blend of comfort, style, and convenience, this property is ideal for first-time buyers, growing families, or astute investors looking for a prime location.
As you step inside, you'll be greeted by a warm and inviting atmosphere, with an open-plan living area that seamlessly connects to the dining space. The renovations have infused the home with a modern touch while preserving its classic charm. The living area is adorned with neutral tones, and plenty of natural light, creating a bright and airy space that's perfect for relaxation and entertaining.
The home features three generously sized bedrooms, each offering a peaceful retreat at the end of the day. The bedrooms are serviced by a central bathroom that is spacious and sleek. The practical layout ensures comfort and convenience for the entire family. One of the standout features of this property is the impressive four-car lock-up accommodation, providing ample space for vehicles, storage, or even a workshop. Whether you have a growing car collection or simply need extra space for hobbies, this feature adds significant value to the home. The outdoor space offers endless possibilities, that's perfect for weekend barbecues, kids' play, or simply unwinding after a busy day. The property is situated on a generous block, providing plenty of room to expand or further personalize the outdoor area to suit your needs.
Located in a highly sought-after pocket of Mill Park, this home is just moments away from the Mill Park Stables Shopping Precinct, offering an array of shops, cafes, and essential services. With schools, parks, and public transport options all within easy reach, you'll enjoy a lifestyle of unparalleled convenience. Don't miss this rare opportunity to secure a stunning, renovated home in one of Mill Park's most desirable locations. Whether you're looking for a place to call home or a smart investment, 295 Charles Road is sure to impress.
Land size: 557m2 approx
Deposit: 10% of the purchase price
Settlement preference: 90 days
Rental assessment: $500-$550 per week
Listing description written by Domenic Torzillo, Ray White Bundoora — reproduced as published, not verified by Districts.