Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

VIC › St Albans › Cleveland St

32A Cleveland St, St Albans VIC 3021

For saleUnit for Sale

$580,000–$600,000

For sale

Asking range

3

Bedrooms

1

Bathrooms

2

Car spaces

382 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $580,000–$600,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $580,000–$600,000(Listing record · 13 May 2026)
  • FactLand 382 m²; no building size recorded.(Property record)
  • CalculationAsk is 23% below the St Albans median recorded sale ($750,000, n=95, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at St Albans's advertised median rent ($447/wk), implied gross yield would be 4.01% — 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

$580,000–$600,000

Asking range · $1,518/m² of land

No recorded sale for this property.

St Albans at a glance

38,796

People

$750,000

Median sale

$447/wk

Median rent

3.10%

Suburb gross yield

Median sale from 95 recorded sales (last 12 months) — a Districts calculation.

See the full St Albans report →

Vs St Albans

-22.7%

Median sale

Suburb $750,000

+0.91 pp

Gross yield

Suburb 3.10%

Suburb median $750,000 from 95 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
$580,000
Stamp Duty (Victoria)
$29,870
Transfer/Registration Fee
$1,461
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
$615,031

$35,031 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 St Albans's advertised median rent — not a rent for this listing.

Net yield
2.51%
Annual cashflow (pre-tax)
$-15,616
Interest cover (DSCR)
0.48
Annual rent
$23,244
Operating expenses
$8,700
Loan amount
$464,000
Annual interest
$30,160
Gross yield
4.01%

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$580,000–$600,000available13 May 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 $447/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 4.0%. 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

St Albans in one glance

St Albans at a glance

38,796

People

$750,000

Median sale

$447/wk

Median rent

3.10%

Suburb gross yield

Median sale from 95 recorded sales (last 12 months) — a Districts calculation.

See the full St Albans report →

Keep researching

  • Why St Albans? Read the area thesis →
  • What else is on the market in St Albans →
  • Other records on Cleveland St →

Listing material

Listed by White Knight Estate Agents St Albans

Prime Location, Premium Renovation, Perfect Lifestyle

Perfectly positioned in one of St Albans' most desirable pockets, 32A Cleveland Street, St Albans presents an outstanding opportunity for first home buyers, downsizers, and savvy investors seeking a modern, low-maintenance lifestyle.

Showcasing an impressive approx. 5-metre-wide frontage and the added benefit of no body corporate, this independently titled residence combines privacy, style, and everyday convenience.

Recently transformed with a brand-new designer kitchen and a stunning fully renovated bathroom, the home offers a functional floorplan designed for comfortable family living. It features three generous bedrooms, each fitted with built-in robes, a light-filled open-plan living and dining area, a separate toilet, and a practical laundry. The contemporary kitchen sits at the heart of the home, seamlessly connecting the living spaces and creating the perfect setting for both everyday living and entertaining.

Read the full description

Completing the package is a secure single garage, a separate storage shed, and an easy-care allotment, allowing you to simply move in and enjoy.

Property Features

Approx. 5m wide frontage

No body corporate

Independently titled residence

3 spacious bedrooms with built-in robes

Brand-new designer kitchen with quality finishes

Fully renovated modern bathroom

Light-filled open-plan living and dining area

Separate toilet

Practical laundry

Secure single garage

Separate storage shed

Low-maintenance block

Move-in ready with nothing more to do

Prime Location

Enjoy exceptional convenience with St Albans Train Station, Alfrieda Street Shopping Precinct, Brimbank Shopping Centre, Keilor Downs Plaza, local cafés, restaurants, parklands, and public transport all within easy reach. Families will appreciate the proximity to quality schools including St Albans Primary School, St Albans Secondary College, Sacred Heart Primary School, and Victoria University (St Albans Campus). With quick access to the Western Ring Road, commuting to Melbourne CBD and surrounding suburbs is effortless.

Offering modern finishes, independent ownership, and an unbeatable location, this beautifully renovated home is a rare opportunity in the heart of St Albans.

Inspect today and experience the lifestyle for yourself.

What’s your next move?

Every care has been taken to verify the accuracy of the details in this advertisement, however we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves of any pertinent matters.

Listing description written by Minh Tran, White Knight Estate Agents St Albans — 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.

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.