Millgrove at a glance
1,658
People
$625,000
Median sale
$496/wk
Median rent
4.13%
Suburb gross yield
Median sale from 33 recorded sales (last 12 months) — a Districts calculation.
VIC › Millgrove › Mckenzie King Dr
$600,000
Last sold
11 Aug 2022
3
Bedrooms
1
Bathrooms
0
Car spaces
679 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
$600,000
11 Aug 2022 · derived via latest_sale
Local land rate: recorded House sales in Millgrove (last 5 years) with land size have a median of $807/m² of land (n=104). Districts calculation from recorded sales — not a valuation.
Millgrove at a glance
1,658
People
$625,000
Median sale
$496/wk
Median rent
4.13%
Suburb gross yield
Median sale from 33 recorded sales (last 12 months) — a Districts calculation.
Vs Millgrove
-4.0%
Median sale
Suburb $625,000
+0.17 pp
Gross yield
Suburb 4.13%
Suburb median $625,000 from 33 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 $496/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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
Millgrove at a glance
1,658
People
$625,000
Median sale
$496/wk
Median rent
4.13%
Suburb gross yield
Median sale from 33 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Professionals Andrew McMath Yarra JunctionSet in the leafy surrounds of Millgrove is this delightfully charismatic three-bedroom home. The front yard is fully gated with established trees providing privacy with a gorgeous sun deck to sip a delicious morning brew!
The home has beautiful hardwood floorboards throughout, large window walls stream light into the open plan living and dining areas creating a wonderful space to relax. The kitchen is a fabulous size with loads of bench space, storage, and views to the back yard. There is a wonderful sitting room which could double as a study and has access to both front and backyard.
There are three well sized bedrooms, two with built-in-robes. A centrally located bathroom services the home. The home temperature control is managed by split system heating and cooling for year-round comfort.
Outside, a paved path weaves its way around the perimeter of the house offering ease of movement and flow. A gorgeously spacious decking wraps around the rear of the house, with one area under cover, and creates a fabulous space to sit and enjoy the tranquility of the large, near level backyard.
This home has a truly wonderful feel about it. An incredible canvas to create your own paradise amongst the lush surrounds of the Valley all whilst being a stone's throw away from the Yarra River, Millgrove Village shops, public transport, primary school, and the Warburton Rail Trail. Book your inspection today! This one is sure to be snapped up quickly!
FURTHER CONTACT
By enquiring on or inspecting this property, you agree to receive further marketing information from us about other properties. To opt out of this, please contact our office on 5967 1800.
COVID-19 INFORMATION:
To keep our clients and team safe please do not attend any of our properties if you have tested positive to COVID in the last 7 days. If you would prefer to arrange a virtual inspection, please call our office on 5967 1800.
Listing description written by Ashleigh Hall, Professionals Andrew McMath Yarra Junction — reproduced as published, not verified by Districts.