The Basin at a glance
4,483
People
$937,500
Median sale
$544/wk
Median rent
3.02%
Suburb gross yield
Median sale from 44 recorded sales (last 12 months) — a Districts calculation.
VIC › The Basin › Mercia Ave
$630,000
Last sold
13 July 2022
2
Bedrooms
1
Bathrooms
0
Car spaces
819 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
$630,000
13 July 2022 · derived via latest_sale
Sources disagree on the sale price. All recorded figures are shown in the history below — Districts does not pick a winner.
Local land rate: recorded House sales in The Basin (last 5 years) with land size have a median of $896/m² of land (n=125). Districts calculation from recorded sales — not a valuation.
The Basin at a glance
4,483
People
$937,500
Median sale
$544/wk
Median rent
3.02%
Suburb gross yield
Median sale from 44 recorded sales (last 12 months) — a Districts calculation.
Vs The Basin
-32.8%
Median sale
Suburb $937,500
+1.47 pp
Gross yield
Suburb 3.02%
Suburb median $937,500 from 44 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 $544/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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
The Basin at a glance
4,483
People
$937,500
Median sale
$544/wk
Median rent
3.02%
Suburb gross yield
Median sale from 44 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Flynn Estate AgentsSituated in what is arguably one of the most highly sought-after pockets of The Basin, is this character filled home that would serve as the perfect starter for anyone looking to break into the market and secure a quality home in a fantastic, exclusive suburb.
Sitting on the high side of the street on over 800m2, this unique home boasts majestic mountain views, 2 spacious bedrooms, large updated bathroom with spa bath and separate toilet, expansive living area with wood-fire Coonara and a distinctive bar that is ideal for sharing a drink with friends and family. In addition, the well-appointed kitchen has been revamped and comes with quality stainless steel appliances as well as breakfast bar style windows leading out to the meals area.
Added bonuses include gas ducted heating, multiple split system air-conditioners, plenty of storage, beautiful outdoor gardens and sitting areas, and a tranquil, homely feel that only a dwelling in the hills can provide.
Offering the perfect platform for first home buyers or a young couple looking to establish a family and enjoy a low-maintenance lifestyle, the possibilities for this one are endless. Whether you keep the house as it is, or whether you choose to renovate or remodel, the choice is yours.
This is your chance to live amongst leafy surrounds, an abundance of blissful native wildlife and within close proximity to all amenities including schools, shops, parks and public transport.
The opportunity to purchase a quality home in this blue-chip suburb before the new year, now presents itself. If you are wearing socks, prepare to have them blown off
Please contact Michael McKenney to register your interest.
Proudly marketed by Knox's Number 1 Agency
Thinking of selling? Call us today; Boronia office on 9761 2277, Wantirna office on 9800 1225, Rowville office on 9755 6666, Bayswater office on 9720 3030 or Ferntree Gully office on 9752 2889.
TO REGISTER YOUR INTEREST click on either of the following tabs and fill in your details, BOOK AN INSPECTION on the Biggin & Scott website or EMAIL AGENT / CONTACT AGENT on Real Estate.com.au and other websites. You will be contacted by one of our agents and will also receive a text advising of inspection times.
Listing description written by Michael McKenney, Flynn Estate Agents — reproduced as published, not verified by Districts.