Deer Park at a glance
18,532
People
$721,000
Median sale
$480/wk
Median rent
3.46%
Suburb gross yield
Median sale from 146 recorded sales (last 12 months) — a Districts calculation.
VIC › Deer Park › Wakool Ave
$805,000
Last sold
29 June 2026
4
Bedrooms
2
Bathrooms
2
Car spaces
697 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
$805,000
29 June 2026 · derived via latest_sale
Local land rate: recorded House sales in Deer Park (last 5 years) with land size have a median of $1,303/m² of land (n=100). Districts calculation from recorded sales — not a valuation.
Deer Park at a glance
18,532
People
$721,000
Median sale
$480/wk
Median rent
3.46%
Suburb gross yield
Median sale from 146 recorded sales (last 12 months) — a Districts calculation.
Vs Deer Park
+11.7%
Median sale
Suburb $721,000
-0.36 pp
Gross yield
Suburb 3.46%
Suburb median $721,000 from 146 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 $480/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
Deer Park at a glance
18,532
People
$721,000
Median sale
$480/wk
Median rent
3.46%
Suburb gross yield
Median sale from 146 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White West RealtyPositioned on a generous 697m² allotment in a highly sought-after, established pocket of Deer Park, this beautifully updated family home offers the perfect blend of modern living, space, and incredible versatility. Whether you are a growing family needing extra space, looking for a multi-generational living setup, or a savvy investor eyeing a premium asset, 4 Wakool Avenue delivers on all fronts.
The Main Residence
Step inside and enjoy the fresh, contemporary feel of a home that has been thoroughly refreshed for modern comfort.
Freshly Updated: Enjoy brand-new flooring throughout and a crisp, professional paint job that makes the home feel bright and welcoming.
Renovated Kitchen: The heart of the home features a beautifully updated kitchen boasting modern appliances, sleek countertops, and ample storage perfect for the home chef.
Comfortable Living: Features 4 spacious bedrooms, 2 neat bathrooms, and a secure 2-car garage/carport space.
The Ultimate Bonus: Self-Contained Sleepout
Perfect for teenagers, extended family, or a quiet home office setup, the detached sleepout adds massive value:
Fully equipped with its own private bathroom.
Built-in wardrobe for easy storage.
Complete independence from the main house.
The Land & Location
Sitting on a massive 697m² block, you get the rare luxury of a traditional, spacious backyard. There is plenty of room for kids and pets to play, outdoor entertaining, or potential future extensions (STCA).
Located just moments from local schools, Deer Park shopping precincts, parks, and public transport, with easy access to the Western Ring Road for a seamless commute into the Melbourne CBD.
Inspection is a must! Properties with this size land and a fully equipped sleepout are a rare find in today's market.
Contact us today to arrange a viewing.
*PHOTO ID REQUIRED AT ALL OPEN FOR INSPECTIONS. WE HAVE THE RIGHT TO REFUSE ENTRY SHOULD A PHOTO ID NOT BE PROVIDED* - Refer to our privacy statement for more information.
We make no representation or warranty as to the accuracy, reliability or completeness of the information relating to the property. Some information has been obtained from third parties and has not been independently verified. Accordingly, no warranty, representation or undertaking, whether express or implied, is made and no responsibility is accepted by us as to the accuracy of any part of this, or any further information supplied by or on our behalf, whether orally or in writing.
No entity or person guarantees the performance of the property. The information is general information only and any examples given are for illustrative purposes. The information does not take into account your individual objectives, financial situation or needs. We recommend that you obtain financial, legal and taxation advice before making any decision. Any price is not a valuation and should not be relied on or treated as such. Prices, if indicated, have been estimated based on recent market evidence in the locality for comparable properties, to the extent available. Prices may not include GST.
Listing description written by Darren Lambert, Ray White West Realty — reproduced as published, not verified by Districts.