Montrose at a glance
6,858
People
$975,000
Median sale
$608/wk
Median rent
3.24%
Suburb gross yield
Median sale from 28 recorded sales (last 12 months) — a Districts calculation.
VIC › Montrose › Stradbroke Rd
$690,000
Last sold
17 Apr 2019
3
Bedrooms
1
Bathrooms
2
Car spaces
1,129 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
$690,000
17 Apr 2019 · derived via latest_sale
Local land rate: recorded House sales in Montrose (last 5 years) with land size have a median of $905/m² of land (n=102). Districts calculation from recorded sales — not a valuation.
Montrose at a glance
6,858
People
$975,000
Median sale
$608/wk
Median rent
3.24%
Suburb gross yield
Median sale from 28 recorded sales (last 12 months) — a Districts calculation.
Vs Montrose
-29.2%
Median sale
Suburb $975,000
+1.34 pp
Gross yield
Suburb 3.24%
Suburb median $975,000 from 28 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 $608/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
Montrose at a glance
6,858
People
$975,000
Median sale
$608/wk
Median rent
3.24%
Suburb gross yield
Median sale from 28 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Bell Real Estate MontroseSituated among stunning, leafy and peaceful surroundings, lies this character filled 3 bedroom, 1 bathroom original family home with the added bonus of a separate 2 bedroom, 1 bathroom cottage all on the 1 title. Nestled on 1,129sqm, this large corner block enjoys stunning mountain views while basking in all day sun and is sure to impress many prospective buyers or investors.
Entering the main weatherboard home, you are greeted with three decent sized carpeted bedrooms with the master featuring a BIR. The large lounge forms the hub of the home with an adjoining dinning zone, ideal for family and friends to enjoy all year round. The kitchen that has beautiful garden views comes with a wall oven, gas cooktop, dishwasher and plenty of storage options. Other indoor features of the main dwelling include a large family bathroom, separate laundry, ducted heating, a gas fire place plus a split system air conditioner meaning your year round comfort is taken care of.
Stepping outside, you are sure to be impressed with the many different areas for family, friends, kids and pets alike to all enjoy. The fully fenced front and rear yard has large luscious lawn areas with beautiful low maintenance gardens and trees to enjoy. Two separate and perfectly positioned decking zones plus a paved under cover patio area add to the appeal of the outdoor entertaining zones as well as all day sun plus a double carport to keep the family cars out of the elements.
Furthermore, this property also features a self-contained two-bedroom weather board cottage that has many features of its own. These include:
Separate entrance and parking area
A decked veranda & garden shed
Built-in-robe in the master
Cathedral ceilings
A new electric cooking oven/stove
Split system air conditioner
Separate WC from the bathroom and laundry
Separately metered power from the main dwelling
Please note this property is currently leased until July 2019 at $265 p/w including water usage and the current tenant would love to stay on and keeps the property immaculate.
Conveniently located and within walking distance to local schools, walking tracks, sporting grounds, local shops, cafes, and public transport, this property is sure to impress and a must be added to your inspection list.
Please note: All property details shown are correct at time of publishing. Some properties may have been sold in the preceding 24 hours and we recommend that you confirm open for inspection times with the listing agent direct or the listing office.
Listing description written by Jarrod Peterson, Bell Real Estate Montrose — reproduced as published, not verified by Districts.