Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

VIC › Olinda › Chalet Rd

32 Chalet Rd, Olinda VIC 3788

For saleHouse for Sale

$2,600,000–$2,800,000

For sale

Asking range

4

Bedrooms

4

Bathrooms

18

Car spaces

14,162 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $2,600,000–$2,800,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $2,600,000–$2,800,000(Listing record · 21 May 2025)
  • CalculationLand 14,162 m² against a 272 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationAsk is 120% above the Olinda median recorded sale ($1,180,000, n=13, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Olinda's advertised median rent ($629/wk), implied gross yield would be 1.26% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

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

$2,600,000–$2,800,000

Asking range · $184/m² of land

No recorded sale for this property.

Olinda at a glance

1,741

People

$1,180,000

Median sale

$629/wk

Median rent

2.77%

Suburb gross yield

Median sale from 13 recorded sales (last 12 months) — a Districts calculation.

See the full Olinda report →

Vs Olinda

+120.3%

Median sale

Suburb $1,180,000

-1.51 pp

Gross yield

Suburb 2.77%

Suburb median $1,180,000 from 13 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$2,600,000
Stamp Duty (Victoria)
$149,000
Transfer/Registration Fee
$3,614
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
$2,756,314

$156,314 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

Based on the low end of the asking range, not a contract price.

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

Net yield
-0.24%
Annual cashflow (pre-tax)
$-141,492
Interest cover (DSCR)
-0.05
Annual rent
$32,708
Operating expenses
$39,000
Loan amount
$2,080,000
Annual interest
$135,200
Gross yield
1.26%

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$2,600,000–$2,800,000available21 May 2025

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 $629/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 1.3%. 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

Olinda in one glance

Olinda at a glance

1,741

People

$1,180,000

Median sale

$629/wk

Median rent

2.77%

Suburb gross yield

Median sale from 13 recorded sales (last 12 months) — a Districts calculation.

See the full Olinda report →

Keep researching

  • Why Olinda? Read the area thesis →
  • What else is on the market in Olinda →
  • Other records on Chalet Rd →

Listing material

Listed by Bell Real Estate Olinda

‘The Chalet’ – family escape with breathtaking views

"The Chalet" for investors or owner occupiers - an opportunity to buy - where luxury family living meets the breathtaking beauty of Mother Nature. As panoramic vistas unfold, the world beyond fades away with uninterrupted views of the Warburton Valley, ready to take your breath away. This grand Tudor-style estate instantly soothes the soul the moment you close the auto gates and meander your way down the oak lined drive. Impeccably crafted with no expense spared, this turnkey masterpiece offers an irresistible fusion of privacy, timeless elegance, and luxury. With flexible living spaces and multigenerational appeal, it’s a dream lifestyle waiting to unfold.

Inside, every detail has been meticulously crafted with authentic high-end finishes including rich timber parquetry floors underfoot complemented by timeless slate tiling, reverse tilt picture windows and French doors.

The home's expansive layout includes two separate living areas, perfect for relaxation, entertaining or working from home, dual dining zones that flank the kitchen plus a sunroom which invites you to bask with your favourite book or brew.

Read the full description

The Caesar Stone kitchen complete with a grand island, and walk-in pantry, is a chef’s dream for both grand gatherings and casual eats at the breakfast bar. A premium Wolf rangehood, SMEG 900mm cooker, and stainless-steel dishwasher add both high-end style and functionality with a laundry/butler’s combo keeping life clutter free.

Upstairs, each of the three spacious bedrooms boasts a private ensuite with heated towel rail, under floor heating and rain showers with spacious built-ins and a private balcony. The sumptuous master suite is an oasis of luxury for the heads of the household, featuring a walk-in robe, additional built-ins, and a private balcony with million-dollar views. The ensuite is dripping in marble and comes complete with a spa bath, a top-of-the-line Hansgrohe showerhead, and bidet for ultimate indulgence.

The lower level adds another layer of versatility with a fully self-contained flat under the roofline, complete with its own living area, kitchen, and bathroom—ideal for multigenerational families, Airbnb potential, or a guest retreat.

Outside, the grounds are a vibrant canvas for embracing the ultimate outdoor lifestyle. The expansive alfresco terrace invites both intimate family gatherings and large-scale entertaining, whether you're hosting a summer barbecue or enjoying a quiet evening under the stars. The tennis/basketball court with lights ensures year-round fun, keeping everyone active from day to night. Beyond the entertainment zone, the lush paddock provides an idyllic space for keeping a pony, goats, or sheep, adding a touch of country charm to your daily routine. Take a peaceful stroll through the meadow of fruit trees, where each season brings its own burst of colour and flavour, or retreat to the gazebo, where the surrounding breathtaking scenery and stunning camellia hedge create a serene sanctuary for relaxation and reflection.

Complete with a double garage featuring a bespoke auto timber door, abundant off-street parking, loft storage, and every luxury you could desire, this is a property that truly feels like paradise, set on 3.3 acres in one of Olinda’s finest enclaves.

For those seeking adventure, nearby bushwalks through the RJ Hamer Arboretum will delight and Olinda Village’s cafes and shops are just minutes away with Monbulk’s schools, supermarkets, and transport links also close by.

At a Glance:

- Four bedroom, four bathroom Tudor style home on approx. 14,162 Sqm or 3.3 acres.

- Stunning vistas, lush landscapes, and flexible living spaces indoor and out

- Turnkey, high-end finishes throughout

- Luxe bathroom inclusions such as Villeroy & Boch toilets with Geberit & Grohe concealed cisterns, Hansa tapware, and Hatria basins

- Self-contained unit under roofline

- Circular drive, auto entrance gates and ample off-street parking for vehicles, trailers, boats or caravans

- Double garage with internal entry

- Abundant storage including loft/attic storage accessed from the garage and upstairs bedroom

- Hydronic heating and refrigerated split system air-conditioning

- Double glazed windows and 18 solar panels for energy efficiency

- Inground pool has been converted into a 55,000L underground water tank (underneath the alfresco zone at the rear of the home) with scope to re-convert to a pool.

- Paved driveway on a solid concrete base

- Hurricane proof garage/shed

- Outdoor taps throughout the gardens

- Data cabled internet for reduced EMF

- Prewired for alarm/intercom.

- Separately zoned Stiebel instantaneous hot water systems.

Disclaimer: All information is sourced from what we believe to be reliable, but we accept no responsibility for errors or omissions, including land size, floor plans, and building details. Prospective buyers are advised to conduct their own enquiries and seek legal advice.

Listing description written by Trevor Bell, Bell Real Estate Olinda — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Built-in Robes
  • Courtyard
  • Dishwasher
  • Ducted Heating
  • Living Areas: 1
  • Secure Parking
  • Tennis Court
  • Toilets: 5
  • Water Tank
  • Workshop
Districts

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

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

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