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VIC › Templestowe Lower › Caroline Dr

4 Caroline Dr, Templestowe Lower VIC 3107

For saleHouse for Sale

$1,600,000–$1,760,000

For sale

Asking range

5

Bedrooms

3

Bathrooms

2

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,600,000–$1,760,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,600,000–$1,760,000(Listing record · 26 Aug 2026)
  • CalculationAsk is 17% above the Templestowe Lower median recorded sale ($1,373,000, n=50, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Templestowe Lower's advertised median rent ($633/wk), implied gross yield would be 2.06% — 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

$1,600,000–$1,760,000

Asking range

No recorded sale for this property.

Templestowe Lower at a glance

14,508

People

$1,373,000

Median sale

$633/wk

Median rent

2.40%

Suburb gross yield

Median sale from 50 recorded sales (last 12 months) — a Districts calculation.

See the full Templestowe Lower report →

Vs Templestowe Lower

+16.5%

Median sale

Suburb $1,373,000

-0.34 pp

Gross yield

Suburb 2.40%

Suburb median $1,373,000 from 50 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
$1,600,000
Stamp Duty (Victoria)
$88,000
Transfer/Registration Fee
$3,614
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
$1,695,314

$95,314 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 Templestowe Lower's advertised median rent — not a rent for this listing.

Net yield
0.56%
Annual cashflow (pre-tax)
$-74,284
Interest cover (DSCR)
0.11
Annual rent
$32,916
Operating expenses
$24,000
Loan amount
$1,280,000
Annual interest
$83,200
Gross yield
2.06%

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$1,600,000–$1,760,000available26 Aug 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 $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.

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 2.1%. 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

Templestowe Lower in one glance

Templestowe Lower at a glance

14,508

People

$1,373,000

Median sale

$633/wk

Median rent

2.40%

Suburb gross yield

Median sale from 50 recorded sales (last 12 months) — a Districts calculation.

See the full Templestowe Lower report →

Keep researching

  • Why Templestowe Lower? Read the area thesis →
  • What else is on the market in Templestowe Lower →
  • Other records on Caroline Dr →

Listing material

Listed by Woodards Manningham

Generous Family Living with Space, Style and Versatility

Expressions of Interest closing Tue 22 Sep at 5pm

Impressively proportioned and impeccably presented, this substantial near-new five-bedroom residence unfolds across two thoughtfully designed levels, offering exceptional space, versatility and comfort for modern family life.

Positioned within an established Templestowe Lower neighbourhood, the home makes an immediate impression with its commanding façade and inviting entry, revealing beautifully appointed interiors enhanced by a refined French Provincial influence, contemporary finishes and a sophisticated neutral palette.

Read the full description

Elegant Shaker-style panel doors and herringbone-pattern flooring introduce character and warmth throughout, while generous proportions and abundant natural light create an immediately welcoming atmosphere.

At the heart of the home, the expansive open-plan lounge and dining domain provides a sophisticated yet highly functional setting for everyday living and entertaining. Generous windows draw in abundant natural light, while seamless connection to the elevated deck and private outdoor area creates an effortless indoor-outdoor flow.

The adjoining kitchen has been designed with both style and practicality in mind, featuring a striking marble benchtop, extensive cabinetry, quality Bosch appliances, generous preparation space and a substantial walk-in pantry. Centrally positioned beside the main living and dining areas, it forms an impressive hub for family gatherings and entertaining.

A key feature of the floorplan is the exceptional ground-floor accommodation. The spacious master bedroom is privately positioned and complemented by a walk-in robe and beautifully appointed ensuite, offering an excellent option for parents or multigenerational living. An additional ground-floor bedroom provides further flexibility as a guest room, home office or dedicated study.

Also located on this level are a separate powder room, full laundry, excellent storage and convenient internal access from the secure double garage.

Upstairs, a generous retreat provides a valuable second living zone, perfectly suited to use as a children's lounge, teenage retreat, study area or relaxed family room.

Three further bedrooms are positioned on the upper level, including an impressive second bedroom suite with walk-in robe and private ensuite. The remaining bedrooms include built-in robe storage and are serviced by a contemporary central bathroom and additional powder room, ensuring excellent functionality for larger or growing families.

The home's three bathrooms are finished to an excellent standard, featuring quality fixtures, generous storage and beautifully appointed vanities, including double-vanity configurations for added everyday practicality.

Year-round comfort is assured with Daikin reverse-cycle heating and cooling, independently zoned across the upstairs and downstairs levels, allowing the home's climate to be tailored to suit different areas and seasons.

Outdoor living is equally appealing, with the deck and private patio providing an inviting setting for alfresco dining, entertaining or quiet relaxation amongst established greenery. Low-maintenance surrounds further enhance the home's easy-living appeal.

Additional appointments include a Bosch alarm system, extensive storage, built-in robes, secure fully fenced grounds and a double garage.

The location further enhances the home's family credentials, with Ted Ajani Reserve nearby for recreation and open space, along with convenient access to Templestowe Valley Primary School, Templestowe College and Marcellin College. Local shopping, cafés, public transport and major arterial connections are also within easy reach, providing excellent access to Doncaster, the North East Link and Melbourne CBD.

Combining five-bedroom accommodation, three bathrooms, multiple living zones, approximately 31 squares of space including the garage and outstanding ground-floor flexibility, 4 Caroline Drive presents an exceptional opportunity for families seeking substantial space, refined contemporary comfort and everyday convenience in a well-connected Templestowe Lower setting.

We donate a portion of our fee from every property transaction to the Woodards Foundation to support people experiencing homelessness, family violence, and social isolation.

Listing description written by Stasi Adgemis, Woodards Manningham — 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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