Prospect at a glance
16,033
People
$1,286,000
Median sale
$582/wk
Median rent
2.35%
Suburb gross yield
Median sale from 48 recorded sales (last 12 months) — a Districts calculation.
4
Bedrooms
3
Bathrooms
3
Car spaces
652 m²
Land
342 m²
Building
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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Prospect (last 5 years) with land size have a median of $2,647/m² of land (n=55). Districts calculation from recorded sales — not a valuation.
Prospect at a glance
16,033
People
$1,286,000
Median sale
$582/wk
Median rent
2.35%
Suburb gross yield
Median sale from 48 recorded sales (last 12 months) — a Districts calculation.
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
SAPlanning 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.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $582/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. Nearby development applications are not loaded. This lot’s own applications are a separate question. 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
UnknownArea
Prospect at a glance
16,033
People
$1,286,000
Median sale
$582/wk
Median rent
2.35%
Suburb gross yield
Median sale from 48 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by MichaelKris Real EstateExquisite c.1910 Stone-Fronted Symmetrical Cottage | Resort-Style Living in Prestigious Prospect, Just 5km from the CBD
Step into a world where timeless elegance meets modern luxury at 35 Olive Street, a recently renovated and extended circa-1910 stone-fronted symmetrical cottage. This sophisticated residence offers an unparalleled blend of period charm and contemporary design, creating a resort-style family oasis.
Nestled in the heart of Prospect, enjoy the vibrant lifestyle with proximity to Prospect's thriving precinct, refined cafes, restaurants, bars, and boutique shopping. This premier home is designed for seamless indoor-outdoor living and entertaining, offering versatile accommodation ideal for extended family or guest stays.
Key Features:
• Timeless Elegance & Modern Design: Recently renovated, extended, and tastefully modernised, blending original period details with contemporary enhancements.
• Versatile Living Spaces: Flexible 3/4 bedroom layout, plus a self-contained detached studio/pool house/teen retreat with a brand-new 2022 fit-out, accessible via the rear-lane accessed garage with auto-matic roller door.
• Gourmet Kitchen: Renovated chef's kitchen featuring exquisite Italian and British appliances, including a 6-burner freestanding Belling stove, wine fridge, and a well-equipped wet butler's pantry with additional appliances.
• Luxurious Bathrooms: Three elegantly appointed bathrooms, including a main bedroom ensuite with a walk-through dressing room and an indulgent bathroom with an artisanal freestanding bath. Total of 4 toilets.
• Period Charm: Symmetrical period stone façade with bull-nose veranda, soaring character ceilings, plantation shutters, solid timber polished flooring, fine period details, and original archways.
• Resort-Style Outdoor Living: Poolside alfresco area with a built-in kitchen, and cafe blinds, easily accessible from the main living area via concertina stacker doors.
Swimming Pool Oasis: Salt-chlorinated, solar-heated pool with a robotic cleaner, water feature, mood lighting, solar cover, and custom winter blanket.
• Comfort & Convenience: Ducted reverse-cycle air conditioning; split-system air conditioning to the family living area and detached studio; feature gas fireplace in the main living area; retractable ceiling fans in three bedrooms; and plantation shutters throughout.
• Sustainable Living and Peace of Mind: Solar system with battery storage and a home-based surveillance camera system.
• Dual Access Parking: Featuring secure undercover parking for two vehicles at the front and a separate garage accessible via the rear lane, providing dedicated parking for the studio. Both front and rear roller-doors are automated.
• Feature Packed Traditional Allotment: This impressive 652 sqm dual-access allotment has been thoughtfully improved, ensuring every square meter contributes to its blended, character-filled, resort-style look and feel.
• Additional Features: Loft with drop-down stairs for extra storage, tall windows, the bedrooms feature decorative period mantles and faux iron fireplaces, abundance of built-in furniture and storage.
It's time to splash out and treat the family, where every detail has been thoughtfully considered to create a haven of comfort, style, and entertainment. This is more than a home, it's a sanctuary where century-old craftsmanship meets modern luxury.
Year Built: circa-1910
Total building Size: 342 sqm (approximate)
Land Size: 652 sqm (approximate)
Council: City of Prospect
Council Rates: $3068.10 per annum
CT Volume 5370 Folio 355
Information Disclaimer: While MichaelKris Real Estate strives to provide accurate information, all information presented is derived from sources believed to be correct but cannot be guaranteed for completeness or accuracy. Measurements are approximate and should be independently verified by qualified professionals. Potential buyers are advised to conduct their own due diligence and seek professional advice before making any decisions.
Listing description written by Matthew Lee, MichaelKris Real Estate — reproduced as published, not verified by Districts.
Nearby development applications are not loaded. This lot’s own applications are a separate question.
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.