Greenvale at a glance
25,921
People
$860,000
Median sale
$601/wk
Median rent
3.63%
Suburb gross yield
Median sale from 75 recorded sales (last 12 months) — a Districts calculation.
VIC › Greenvale › Drummond St
$1,720,000
Last sold
2 Mar 2021
6
Bedrooms
3
Bathrooms
4
Car spaces
4,035 m²
Land
560 m²
Building
Districts View
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
$1,720,000
2 Mar 2021 · derived via latest_sale
Local land rate: recorded House sales in Greenvale (last 5 years) with land size have a median of $2,121/m² of land (n=39). Districts calculation from recorded sales — not a valuation.
Greenvale at a glance
25,921
People
$860,000
Median sale
$601/wk
Median rent
3.63%
Suburb gross yield
Median sale from 75 recorded sales (last 12 months) — a Districts calculation.
Vs Greenvale
+100.0%
Median sale
Suburb $860,000
-1.81 pp
Gross yield
Suburb 3.63%
Suburb median $860,000 from 75 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 $601/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
Greenvale at a glance
25,921
People
$860,000
Median sale
$601/wk
Median rent
3.63%
Suburb gross yield
Median sale from 75 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Barry Plant Gladstone ParkSUCCESSFULLY SOLD - IN 48 HOURS AND FOR $100,000 ABOVE RESERVE - BY JASON PADULA!
Go to Jason Padula Real Estate on YouTube or Facebook, for all the Auction campaign highlights!
NOTE:
- FIVE CASHED-UP BUYERS ALL MISSED OUT AROUND THE $1.7 MILLION MARK
- IF YOU ARE CONSIDERING A MOVE, YOUR PROPERTY CAN QUICKLY AND QUIETLY BE SOLD WITH ONE INSPECTION
- CONTACT GREENVALE'S NUMBER 1 AGENT JASON PADULA ON 0402 149 436 TODAY!!!
Just 21km's from the CBD, Greenvale is officially the best value for money suburb in Melbourne…with luxury homes on an acre – particularly those with both a swimming pool AND tennis court – representing the greatest value of all!
And if Greenvale were Beverley Hills, Drummond Street would be Rodeo Drive! Close to St. Carlo's Primary, footy oval, playground, bus-stop & Attwood/Yuroke creek trail…as well as easy access in & out of established Greenvale.
Perched up high with horse-shoe drive, this home was privately built some 34 years ago & has undergone a number of renovations over the journey.
A beautifully laid out interior comprises six bedrooms (Master with dressing room), lounge, dining, meals, rumpus & study/workshop/gym within a MASSIVE 4-car brick garage with triple remote doors. To top it all off, there is a side gate off the front drive (adjacent to garage) allowing access straight in to the backyard. All the right spaces, in all the right places! Further enhanced with a host of modern commodities, all itemised on a comprehensive List of Inclusions.
Step out back to an absolute entertainer's haven with the north-south synthetic grass tennis court & gas-heated/salt-chlorinated pool + spa taking centre stage! All complemented by four sheds (largest one with hoist), 20,000+ litres of water storage tanks, gazebo, expansive tiled al fresco area & an abundance of left over yard space for the little ones + pets to run around in…all in enchanting, private forest-like surrounds.
Note: Next door was subdivided in to 2 x half acre, side-by-side allotments. That block was 40m's wide, this one 43m's. FUTURE SUBDIVISION POTENTIAL HERE ASSURED!
Greenvale's buy of the year...WILL NOT LAST!
Private Sale, Genuine Selling Range: $1,625,000 - $1,635,000
Contact: Jason Padula – 0402 149 436
Like/subscribe to Jason Padula Real Estate on Facebook or YouTube
Listing description written by Jason Padula, Barry Plant Gladstone Park — reproduced as published, not verified by Districts.