Olinda at a glance
1,741
People
$1,180,000
Median sale
$629/wk
Median rent
2.77%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
VIC › Olinda › Upper Coonara Rd
$1,545,000
Last sold
30 Apr 2019
5
Bedrooms
3
Bathrooms
8
Car spaces
8,723 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
$1,545,000
30 Apr 2019 · derived via latest_sale
Local land rate: recorded House sales in Olinda (last 5 years) with land size have a median of $441/m² of land (n=81). Districts calculation from recorded sales — not a valuation.
Olinda at a glance
1,741
People
$1,180,000
Median sale
$629/wk
Median rent
2.77%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Vs Olinda
+30.9%
Median sale
Suburb $1,180,000
-0.65 pp
Gross yield
Suburb 2.77%
Suburb median $1,180,000 from 13 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 $629/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
Olinda at a glance
1,741
People
$1,180,000
Median sale
$629/wk
Median rent
2.77%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Bell Real Estate OlindaCompletely secluded on the hillside yet capturing the sun, 'Elmwood Grange' is reminiscent of a French Country House cradled within stunning landscaped gardens set on over 2 acres (approx.) with views across the treetops to The Patch Valley.
The rock lined wall of the meandering driveway leads to a vista resonant of the south of France, with the residence sited to capture the magic of its terrain and setting. A studio rests in the peak of the double garage framing the expansive open flat coral stone entrance providing ample car accommodation for guests prior to entering the gated forecourt of the home.
Stepping inside, the elegance of the dcor captures the characteristics of a French country farmhouse incorporating architectural detailing with timber lintels over doorways and windows down to forged handles on doors and earthy tiled flooring.
The kitchen has a provincial feel with its gentle lines, soft colours, freestanding island bench and beautiful cabinetry with timber benches. Elegant yet homely, rustic yet refined, the traditional elements are beautifully married with modern appointments and excellent storage with the butlers' pantry, while the heightened ceiling draws your eye to the mezzanine walkway above.
The living spaces are framed by a series of French doors acting as a fluid extension of the home integrating the pool and glorious gardens into the house design perfectly. A fireplace and decorative mantle an essential touch in the dining, while the relaxed living area is beautifully proportioned offering a wall of bookcases and further woodfire.
The black iron and oak timber stairway leads to the upper level while the chalky subdued colour palette defines landing areas and solid timber 4 panel doors frame entrances to rooms. Four bedrooms and 3 sublime bathrooms define individuality with beautiful stones combining with country timber vanities, French doors, soaker tub and stunning fixtures.
The master suites dramatic roofline and private balcony embrace the elevated aspect, private and peaceful ensuring the interior is always connected to its surroundings. Terraced European gardens, cellar, garden shed and attic storage solutions incorporate the French style perfectly and are integral to the house design. Light and the garden are allowed to pass through the house, with the doors open guests can circulate freely between the courtyard, poolside, flat lawn areas, house and an adjoining terrace with ease and with beautiful framed vistas as a backdrop.
Rendered walls in rustic tones accentuated by black iron detailing, classic ornamentation and abundant plantings create a relaxed space to unwind with visual treats to impress the most discerning buyer. Elmwood Grange is a country escape in the heart of the Dandenong Ranges, with abundant birdlife close to the Olinda and Sassafras boutique villages, award-winning restaurants and is located only an hour from Melbourne.
Comprehensive appointments include:-
70,000 litre swimming pool with salt water chlorinator and Rheem electric pool/spa heater.
4 Kw 17 panel solar panel system.
Sony Home theatre with retractable screen and rear ceiling speakers in living room.
Electric curtains living room and upstairs master bedroom. Retractable awning on deck outside upstairs master bedroom with wind sensor.
Heated floor master bedroom ensuite w/ Bluetooth enabled mirror incl. separate hot water system.
45,000 litre fresh tank water on property.
Monitored home alarm system.
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.
Listing description written by Corinne Sukroo, Bell Real Estate Olinda — reproduced as published, not verified by Districts.