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VIC › Greenvale › Serendip Cres

32 Serendip Cres, Greenvale VIC 3059

For saleHouse for Sale

$1,300,000–$1,350,000

For sale

Asking range

4

Bedrooms

2

Bathrooms

2

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,300,000–$1,350,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,300,000–$1,350,000(Listing record · 27 July 2026)
  • CalculationAsk is 51% above the Greenvale median recorded sale ($860,000, n=75, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Greenvale's advertised median rent ($601/wk), implied gross yield would be 2.40% — 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

$1,300,000–$1,350,000

Asking range

No recorded sale for this property.

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.

See the full Greenvale report →

Vs Greenvale

+51.2%

Median sale

Suburb $860,000

-1.23 pp

Gross yield

Suburb 3.63%

Suburb median $860,000 from 75 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
$1,300,000
Stamp Duty (Victoria)
$71,500
Transfer/Registration Fee
$3,146
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
$1,378,346

$78,346 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 Greenvale's advertised median rent — not a rent for this listing.

Net yield
0.90%
Annual cashflow (pre-tax)
$-55,848
Interest cover (DSCR)
0.17
Annual rent
$31,252
Operating expenses
$19,500
Loan amount
$1,040,000
Annual interest
$67,600
Gross yield
2.40%

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$1,300,000–$1,350,000available27 July 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 $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.

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 2.4%. 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

Greenvale in one glance

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.

See the full Greenvale report →

Keep researching

  • Why Greenvale? Read the area thesis →
  • What else is on the market in Greenvale →
  • Other records on Serendip Cres →

Listing material

Listed by YPA Gladstone Park

EPITOME OF PERFECTION ON 869m2 APPROX..

Architecturally designed and framed by a picturesque wrap-around verandah, this exceptional residence is the epitome of luxury. Step into your own private paradise, where every day feels like a five-star tropical retreat. Inspired by the beauty and tranquillity of a Balinese resort, this remarkable home presents a rare opportunity to secure the idyllic lifestyle you've always dreamed of.

From the moment you enter, you'll be captivated by the stunning leadlight features, soaring ceilings adorned with decorative ceiling roses, elegant pendant lighting, rich Blackwood timber flooring and sophisticated décor.

Offering 4 generous bedrooms plus an elaborate home office, the luxurious master suite complete with a lavish ensuite featuring a spacious shower and walk-in robe. The remaining bedrooms are fitted with custom robes and are serviced by an equally impressive central bathroom showcasing an ornate cast-iron bathtub. An upstairs private retreat provides the perfect space to relax or unwind.

Read the full description

At the heart of the home is the vast open-plan kitchen, dining and living area, where the rustic-inspired kitchen boasts stunning marble benchtops, an expansive island bench and a grand 1100mm Falcon double oven with integrated grill. A beautifully appointed walk-through butler's pantry provides exceptional storage and functionality.

The adjoining living area features a cosy Coonara wood heater complemented by a custom-built display cabinet, while a separate rumpus room offers additional space for family enjoyment. Designed to embrace indoor-outdoor living, impressive five and seven-panel corner stacker doors open seamlessly to the expansive outdoor entertaining area.

Movie nights will never be the same in the purpose-built cinema room, complete with stadium-style seating, its own theatre curtain, surround sound speaker system, acoustic insulation and specially imported cinema carpet from the USA.

Comprehensive features include zoned reverse-cycle refrigerated heating and cooling, three-phase power, Vacuum Maid, a customised laundry with a vented drying cupboard, elegant Roman blinds, plush carpeted bedrooms, video intercom and surveillance system, a dedicated pool equipment enclosure, three 2,500-litre water tanks, two garden sheds, 28 solar panels and an oversized garage with internal access, built-in shelving and extensive under-stair storage.

Further elevating this extraordinary residence is the fully decked alfresco, overlooking a crystal-clear heated inground pool with an oversized spa, the space is surrounded by lavish palm trees, lush tropical gardens and a striking stacked-stone feature wall. Multiple lounge areas create the perfect setting to relax or entertain, while the fully equipped outdoor bar offers beer on tap, complemented by a premium BBQ with mains gas and plumbing connections, a built-in fridge and a separate pizza oven. A secluded reading nook, enhanced by a tranquil vertical garden, completes this private sanctuary.

Perfectly positioned approximately 30km north of Melbourne's CBD, this outstanding home enjoys easy access to every lifestyle convenience. Established schools and colleges, including Kolbe Catholic College just 450 metres away, sporting facilities, shopping precincts and everyday amenities are all close by. Surrounded by beautiful parklands, walking and cycling trails, and offering convenient access to public transport, Melbourne Airport and major freeways.

Listing description written by Michael Sassine, YPA Gladstone Park — 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.