Mont Albert at a glance
5,346
People
$1,714,000
Median sale
$633/wk
Median rent
1.92%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
VIC › Mont Albert › Elgar Rd
$1,320,000
Last sold
3 Sept 2016
2
Bedrooms
1
Bathrooms
2
Car spaces
614 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
$1,320,000
3 Sept 2016 · derived via latest_sale
Local land rate: recorded House sales in Mont Albert (last 5 years) with land size have a median of $2,702/m² of land (n=14). Districts calculation from recorded sales — not a valuation.
Mont Albert at a glance
5,346
People
$1,714,000
Median sale
$633/wk
Median rent
1.92%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Vs Mont Albert
-23.0%
Median sale
Suburb $1,714,000
+0.57 pp
Gross yield
Suburb 1.92%
Suburb median $1,714,000 from 11 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 $633/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
Mont Albert at a glance
5,346
People
$1,714,000
Median sale
$633/wk
Median rent
1.92%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Lindellas Real EstateAvailable for the first time in over 30 years is this classic 2 bedroom plus study period home, tucked away in one of Melbourne's loveliest pockets. Be taken by its authentic charm and restore, or be inspired by its timeless character and build upon it (STCA). Whatever your choice, there's rarely a better canvas than this.
Offering right of way access (ROW) at rear with the potential to subdivide to two units, one large family home or keep original home and take advantage of the dual occupancy opportunity (STCA). [all subject to council approval and permission (S.T.C.A.)]
The house is generously dimensioned throughout, with high ceilings and spacious rooms immediately on show from the entry hall. The living area's character is enhanced by its fireplace, and is a warm, inviting space. The adjacent dining area and kitchen meanwhile are imbued with a touch of Old World style, with the latter boasting an authentic brick range to accompany its benchtops and breakfast bar.
The two bedrooms are accompanied by a study or sitting room, affording a private area for study and reflection. The house also comprises a central bathroom with marble-styled vanity, as well as a sunroom/laundry towards the rear of the house. Out back, a wooden deck provides a fantastic space for BBQs looking out over the meticulous native gardens of the rear yard to match the distinctive landscaping of the house's frontage. The house also features air-conditioning, central heating, and off-street parking for two.
The best of Melbourne's east surrounds you here: the village charms of nearby Surrey Hills, the vibrant cultural marketplaces of Box Hill, and lush parklands such Surrey Park and its Aqualink facility. At only twenty kilometres from the city and with Box Hill Institute, Deakin University and public transport close at hand, this home is waiting to take on a new future - with you. Call Lindellas, and make it so.
-Renovate existing character period home
-Build new dwelling
-Build two units/townhouses
-Keep original home and subdivided
-Dual occupancy potential
-Walking distance to Box Hill Train Station
-Walking distance to 109 Tram Terminus
-Walking distance to one of Melbourne's largest Bus Depot at Box Hill Central
-Walking distance to Box Hill TAFE
-Walking distance to Kingswood College
-Opposite to Surrey Park sports oval and parklands
-Opposite Aqualink recreation centre
-Opposite Surrey Park reserve and lake
Note Land: 15.25m x 40.26m = 614sqm* (approx)
*All measurements are approximately.
THIS OPPORTUNITY IS NOT TO BE MISSED. With the fast growth and rapid change of Box Hill over the past 16 years and even further exciting plans set for the future. Box Hill is set to become one of Melbourne's Premier Transport and Activity Centre Region.
Please Note: [All Subject to Council and other Local and State Government Authorities Approval and Permission (S.T.C.A.)]
Proudly presented by Lindellas.
Listing description written by Dennis Dellas, Lindellas Real Estate — reproduced as published, not verified by Districts.