Monbulk at a glance
3,669
People
$904,750
Median sale
$606/wk
Median rent
3.48%
Suburb gross yield
Median sale from 30 recorded sales (last 12 months) — a Districts calculation.
VIC › Monbulk › Rankins Rd
$1,320,000
Last sold
20 June 2020
8
Bedrooms
4
Bathrooms
10
Car spaces
10,000 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
$1,320,000
20 June 2020 · derived via latest_sale
Local land rate: recorded House sales in Monbulk (last 5 years) with land size have a median of $585/m² of land (n=128). Districts calculation from recorded sales — not a valuation.
Monbulk at a glance
3,669
People
$904,750
Median sale
$606/wk
Median rent
3.48%
Suburb gross yield
Median sale from 30 recorded sales (last 12 months) — a Districts calculation.
Vs Monbulk
+45.9%
Median sale
Suburb $904,750
-1.09 pp
Gross yield
Suburb 3.48%
Suburb median $904,750 from 30 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 $606/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
Monbulk at a glance
3,669
People
$904,750
Median sale
$606/wk
Median rent
3.48%
Suburb gross yield
Median sale from 30 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Chandler & Co Real EstateNestled at the end of a long sweeping tree lined driveway sits what could well be the best dual living property in the Dandenong Ranges. Idyllically situated on a small acreage with beautiful established gardens stand two immaculate federation style brick homes.
Properties with two legitimate quality dwellings are often sought but so rarely found, and with Low Density Residential Zoning providing subdivision potential (STCA) the opportunities are endless.
The MAIN RESIDENCE offers;
• 4 good sized bedrooms (master with walk-through-robe and full en suite), PLUS home office/5th bedroom PLUS study area
• Quality open plan kitchen/living with SS dishwasher, SS oven, SS range hood and gas cooktop
• Spacious lounge/dining room with stunning spotted gum floorboards and toasty gas log fire set amidst an impressive mantel
• Phenomenal brick paved outdoor entertaining area
• High oversized double garage
• Gas ducted heating and wood heater
• Ducted vacuum
• Sandstone flooring, ornate cornicing, ceiling roses, and detailed skirting
The SECOND HOUSE offers;
• 3 large bedrooms (Master and Guest bedrooms both with walk-in-robes and full en suites/effect)
• Open plan kitchen/living with feature fire place, gas cooktop and dishwasher
• Ducted heating and ceiling fans
• Covered front and rear verandahs
• Paved outdoor entertaining area
• Oversized single garage
The PROPERTY offers;
• Highly useable land with gorgeous landscaping
• Substantial greenhouse with home business potential, previously used to grow camellias and English Box
• 22,700L water tank
• 2 x garden sheds
• Fire pit area
Perfectly positioned in a peaceful location, yet so close to Monbulk's schools, shops and bus stops, with a short trip down the hill to Belgrave Train Station and Burwood Hwy connecting you to Melbourne .
Please note: All property details shown are correct at time of publishing. Some properties may have been sold in the preceding 24 hours and we recommend that you confirm open for inspection times with the listing agent direct or the listing office.
PLEASE NOTE: All COVID-19 policies and practises will be enforced to keep our staff, Vendors and the general public safe.
For more information:
https://www.health.gov.au/sites/default/files/documents/2020/03/coronavirus-covid-19-what-you-need-to-know_5.pdf
Listing description written by Daniel Steen, Chandler & Co Real Estate — reproduced as published, not verified by Districts.