Chelsea Heights at a glance
5,447
People
$985,000
Median sale
$591/wk
Median rent
3.12%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
VIC › Chelsea Heights › First Ave
$890,000
Last sold
1 May 2026
4
Bedrooms
1
Bathrooms
2
Car spaces
534 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
$890,000
1 May 2026 · derived via latest_sale
Local land rate: recorded House sales in Chelsea Heights (last 5 years) with land size have a median of $1,660/m² of land (n=51). Districts calculation from recorded sales — not a valuation.
Chelsea Heights at a glance
5,447
People
$985,000
Median sale
$591/wk
Median rent
3.12%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Vs Chelsea Heights
-9.6%
Median sale
Suburb $985,000
+0.33 pp
Gross yield
Suburb 3.12%
Suburb median $985,000 from 17 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 $591/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
Chelsea Heights at a glance
5,447
People
$985,000
Median sale
$591/wk
Median rent
3.12%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Lunar Real EstateSOLD by Waheed at Lunar Real Estate
Want to know what your home is worth?
Contact me for a free consultation: 0411 028 338
Land Size: 534m2 (approx.)
Council Rates: $436.96 per quarter (approx.)
Rental Appraisal: $750 pw (approx.)
Settlement: 30/60/90 days
Deposit: 5/10/20%
Comfortable Family Living with Future Development Potential (STCA)
Set in a well-established and family-friendly pocket of Chelsea Heights, 42 First Avenue offers immediate comfort, lifestyle convenience, and future opportunity. Situated on a generous 534sqm (approx.) allotment, this solid brick home is ideal for families seeking space today, while also appealing to investors and developers looking ahead.
The main residence features four bedrooms, one bathroom, and two toilets, with carpeted living areas and bedrooms creating a warm and welcoming environment. Comfort is ensured year-round with gas ducted heating, evaporative cooling, a Vulcan wall gas heater in the lounge, and ceiling fans in the lounge and kitchen.
The kitchen includes tiled flooring, a CHEF 600mm four-burner gas cooktop, Westinghouse rangehood, and Dishlex dishwasher. Outdoors offers a manicured front yard, flat driveway for two cars, remote garage, additional shed, and a large backyard.
A fully self-contained bungalow provides ideal accommodation for extended family, guests, or rental income. Located minutes away from Chelsea Beach and close to shops, schools, freeways, and public transport, this is a comfortable family home today with future development potential (STCA).
Contact Waheed at Lunar Real Estate for inspection.
PHOTO ID REQUIRED FOR ALL INSPECTIONS.
Disclaimer: The information contained in this property listing is provided in good faith and is deemed reliable but not guaranteed. All details are approximate and subject to change. Lunar Real Estate and its representatives are not liable for any inaccuracies or omissions. Prospective buyers are encouraged to conduct their own due diligence before purchasing.
Listing description written by Waheed Nawandish, Lunar Real Estate — reproduced as published, not verified by Districts.