Mulgrave at a glance
21,251
People
$1,145,000
Median sale
$653/wk
Median rent
2.97%
Suburb gross yield
Median sale from 47 recorded sales (last 12 months) — a Districts calculation.
VIC › Mulgrave › Newcastle Dr
$1,215,000
Last sold
2 Aug 2025
4
Bedrooms
2
Bathrooms
2
Car spaces
290 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
$1,215,000
2 Aug 2025 · derived via latest_sale
Local land rate: recorded Townhouse sales in Mulgrave (last 5 years) with land size have a median of $4,067/m² of land (n=4). Districts calculation from recorded sales — not a valuation.
Mulgrave at a glance
21,251
People
$1,145,000
Median sale
$653/wk
Median rent
2.97%
Suburb gross yield
Median sale from 47 recorded sales (last 12 months) — a Districts calculation.
Vs Mulgrave
+6.1%
Median sale
Suburb $1,145,000
-0.18 pp
Gross yield
Suburb 2.97%
Suburb median $1,145,000 from 47 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 $653/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
Mulgrave at a glance
21,251
People
$1,145,000
Median sale
$653/wk
Median rent
2.97%
Suburb gross yield
Median sale from 47 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Jalin RealtyBUY & MOVE IN IMMEDIATELY.
Waverley Park Estate offers unbeatable lifestyle where modern family living meets premium convenience. Welcome to 4 Newcastle Drive – a stylish, spacious, and beautifully presented home nestled in one of Mulgrave's most sought-after pockets.
This impressive residence offers 4 bedrooms, 2.5 bathrooms, and generous living zones, that cater to both entertaining and everyday comfort.
The heart of the home is the gourmet kitchen, featuring stone benchtops, stainless steel appliances, and a functional layout that flows seamlessly into the open-plan living and dining areas. Natural light fills the space, creating a warm and inviting atmosphere throughout.
Upstairs you have your second living room, generous master suite complete with a walk-in robe and stylish ensuite, while the remaining bedrooms are well-sized with built-in robes, serviced by a sleek central bathroom.
Step outside to your own private sanctuary – a low-maintenance backyard for entertainment, ideal for summer barbecues, family gatherings, or simply relaxing in peace.
With over 6 hectares of parkland, lake, wetlands and leisure facilities at the heart of this esteemed community. This property is set in a quiet, family-friendly street, you're just minutes from:
- Waverley Gardens Shopping Centre
- Monash Freeway and Eastlink access
- Carwatha College P-12 and a short walk to Mulgrave Primary School
- Local parks, playgrounds, and walking tracks
- Mulgrave Private Hospital & community centres
This location ticks every box for lifestyle, accessibility, and future growth.
Whether you're upgrading, downsizing, or investing – 4 Newcastle Drive is a rare opportunity in a blue-chip Mulgrave location.
Don't miss your chance – MOTIVATED SELLER!
Another SOLD at Auction in same estate @ 48 ELLIS PARK AVENUE, MULGRAVE - 3 BED 2 BATH 2 CAR
~Google the address to get more information~
(PHOTO ID REQUIRED AT OPEN FOR INSPECTION)
NOTE: Link for Due Diligence Checklist:
http://www.consumer.vic.gov.au/duediligencechecklist
Disclaimer: All dimensions, sizes & layout are approximate and for illustrative purposes only. The producer or agent cannot be held responsible for any errors, omissions or misstatements.
Listing description written by Lucas Chen, Jalin Realty — reproduced as published, not verified by Districts.