Melba at a glance
3,426
People
$880,000
Median sale
$400/wk
Median rent
2.36%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
$725,000
Last sold
7 Oct 2020
4
Bedrooms
1
Bathrooms
1
Car spaces
753 m²
Land
152.27 m²
Building
Districts View
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
$725,000
7 Oct 2020 · derived via latest_sale
Local land rate: recorded House sales in Melba (last 5 years) with land size have a median of $1,139/m² of land (n=13). Districts calculation from recorded sales — not a valuation.
Melba at a glance
3,426
People
$880,000
Median sale
$400/wk
Median rent
2.36%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Vs Melba
-17.6%
Median sale
Suburb $880,000
+0.51 pp
Gross yield
Suburb 2.36%
Suburb median $880,000 from 7 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
ACTPlanning 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 for this property.
Rental
No advertised rent is recorded. Suburb median rent $400/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 for this property. 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
Melba at a glance
3,426
People
$880,000
Median sale
$400/wk
Median rent
2.36%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Maria Selleck PropertiesFollowing the recent easing of the Covid-19 restrictions, Maria Selleck Properties will be allowing a maximum of 20 people, excluding staff, through our Open Homes at any one time. Accordingly, attendees need to be aware of possible slight delays at our open homes which may impact upon your open home schedule. You must maintain 1.5 – 2 metres of physical distance, practise good hand hygiene and not attend any open home if you're unwell or if exhibiting any symptoms. We will continue to collect the names and contact details of all attendees and this will also facilitate contact tracing if required.
Exuding a warm and welcoming ambience, this stunning, beautifully renovated residence makes the perfect home for those seeking generous living in a quiet location. Displaying a sophisticated design, this sleek, 'as new' residence is very private, light-filled, is set on one level and is a showcase of traditional appeal with stylish contemporary finishes.
On entering the home, you will be impressed by the size of the open-plan formal/informal living and dining area leading out to the private, easy-care gardens. The updated kitchen with the stone benchtops and quality stainless-steel appliances overlooks the open-plan casual dining and family room.
Beautifully presented throughout, accommodation includes four bedrooms, all with built-in robes, new bathroom with a separate toilet, laundry, and a large single garage. The clever floorplan is complemented by exquisite external areas, including expansive outdoor entertaining areas off the dining area and a beautifully landscaped garden, creating a haven for relaxation and entertaining. Finished to a high standard on an approximately 753m2 private block, this really is the perfect home for the downsizer, executive couple, or the astute investor.
Features:
• Renovated, stunning home
• One level
• Energy Efficiency Rating of 4.5
• Flowing floorplan
• Loft ceiling with beautiful timber beams
• Approximately 177 sqm house size
• Very private
• Four bedrooms, all with robes
• Spacious, open-plan formal living area leading to alfresco dining and outdoor entertaining
• Family room with casual dining area
• Updated kitchen with stone benchtops and stainless-steel appliances
• Spacious, new bathroom with separate toilet
• Single garage with internal access and remote door
• Outdoor entertaining area
• Beautiful, low maintenance gardens
• Ducted gas heating with add-on cooling
• Split system
• Wall and ceiling insulation
• Side access for boat, trailer or cars
• Close to transport, shops and schools.
• Ideal for the downsizer, the executive couple, or the astute investor
Listing description written by Maria Selleck, Maria Selleck Properties — reproduced as published, not verified by Districts.
Nearby development applications are not loaded for this property.
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. This jurisdiction has no comparable official bond series in the free set.
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.