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VIC › Boronia › Madge St

4 Madge St, Boronia VIC 3155

Unit

$652,000

Last sold

14 Nov 2024

2

Bedrooms

1

Bathrooms

1

Car spaces

244 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $652,000 (14 Nov 2024).(Recorded sale)
  • FactLand 244 m²; no building size recorded.(Property record)

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

What this lot has actually traded at

Last sold

$652,000

14 Nov 2024 · derived via latest_sale

Boronia at a glance

24,079

People

$980,000

Median sale

$546/wk

Median rent

2.90%

Suburb gross yield

Median sale from 7 recorded sales (last 12 months) — a Districts calculation.

See the full Boronia report →

Vs Boronia

-33.5%

Median sale

Suburb $980,000

+1.45 pp

Gross yield

Suburb 2.90%

Suburb median $980,000 from 7 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

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. Sold$652,00014 Nov 2024
  2. Listedprice unknowncompleted30 Oct 2024

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 $546/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

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

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

Boronia in one glance

Boronia at a glance

24,079

People

$980,000

Median sale

$546/wk

Median rent

2.90%

Suburb gross yield

Median sale from 7 recorded sales (last 12 months) — a Districts calculation.

See the full Boronia report →

Keep researching

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

Listing material

Listed by LOCI Wantirna

A Singular Sensation

Are you looking to get a foot on the real estate ladder as a first-home buyer or investor, or maybe you’ve been looking to downsize to something with less maintenance but haven’t found ‘the one’ yet? Whatever your circumstances, there’s a lot to love about this immaculately presented single-storey home in an amenity-rich location.

Boasting a federation-inspired façade, it offers a well-considered floorplan that allows an abundance of natural light to flow throughout. It comprises a substantial living room and a generously proportioned kitchen-meals area, which meld seamlessly courtesy of the attractive engineered floors that feature prominently within. Completing the accommodation are two robed bedrooms and an updated central bathroom with large terrazzo floor tiles, a timber benchtop and a modern countertop basin. Outside you’ll be thrilled to find a sizeable, grassed yard adjacent to an open-air-paved patio and an undercover decked space. Framed by established gardens, it’s a place that’s perfect for alfresco entertaining or as a safe play space for children or pets.

Extras that further enhance this fantastic property include gas ducted heating, split system heating and air conditioning, a full-sized laundry, and a single lock-up garage with internal access. Then there’s the position: within walking distance of Boronia Train Station, local buses, and a variety of shopping precincts, including Boronia Mall, Boronia Junction, and Boronia Village. You’re also near Westfield Knox, Knox Leisureworks, open green spaces like Tormore Reserve, and a host of popular schools.

Read the full description

Act without delay and avoid disappointment.

Noel Jones Real Estate has taken every precaution to ensure the information contained herein is true and accurate, however accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Listing description written by Dylan Hare, LOCI Wantirna — 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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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.