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VIC › Ringwood › Grant Cres

42 Grant Cres, Ringwood VIC 3134

For saleHouse for Sale

$1,299,000–$1,470,000

For sale

Asking range

4

Bedrooms

3

Bathrooms

2

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,299,000–$1,470,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,299,000–$1,470,000(Listing record · 24 Sept 2025)
  • CalculationAsk is 31% above the Ringwood median recorded sale ($995,000, n=11, last 24 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Ringwood's advertised median rent ($553/wk), implied gross yield would be 2.21% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$1,299,000–$1,470,000

Asking range

No recorded sale for this property.

Ringwood at a glance

20,402

People

$995,000

Median sale

$553/wk

Median rent

2.89%

Suburb gross yield

Median sale from 11 recorded sales (last 24 months) — a Districts calculation.

See the full Ringwood report →

Vs Ringwood

+30.6%

Median sale

Suburb $995,000

-0.68 pp

Gross yield

Suburb 2.89%

Suburb median $995,000 from 11 recorded sales (last 24 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$1,299,000
Stamp Duty (Victoria)
$71,445
Transfer/Registration Fee
$3,144
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,377,289

$78,289 on top of the price (6.0% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Ringwood's advertised median rent — not a rent for this listing.

Net yield
0.71%
Annual cashflow (pre-tax)
$-58,277
Interest cover (DSCR)
0.14
Annual rent
$28,756
Operating expenses
$19,485
Loan amount
$1,039,200
Annual interest
$67,548
Gross yield
2.21%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$1,299,000–$1,470,000available24 Sept 2025

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $553/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 2.2%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Ringwood in one glance

Ringwood at a glance

20,402

People

$995,000

Median sale

$553/wk

Median rent

2.89%

Suburb gross yield

Median sale from 11 recorded sales (last 24 months) — a Districts calculation.

See the full Ringwood report →

Keep researching

  • Why Ringwood? Read the area thesis →
  • What else is on the market in Ringwood →
  • Other records on Grant Cres →

Listing material

Listed by Belle Property Doncaster East

Premium House and Land Packages | 42 Grant Crescent, Ringwood

Ten individually titled allotments in an exclusive gated estate - already cleared, subdivided, and ready to build. Just 600m from Heatherdale Train Station and moments from Eastland Shopping Centre.

The Homes

Thoughtfully designed four-bedroom, three-bathroom residences spanning approximately 28 squares, each with:

Read the full description

- Two living areas plus open plan kitchen, dining and living

- Private balcony overlooking the Mullum Mullum Creek Trail

- Double lock-up garage

- House sizes 250m² – 269m²

The Land

- 10 individually titled allotments

- Land sizes 360m² – 490m²

- Town services connected to each property

- Stamp duty savings apply

The Location

- Heatherdale Train Station - 600m

- Eastland Shopping Centre - 2.3km

- Mullum Mullum Creek Trail - adjoining

- Antonio Park Primary, Ringwood & Mullauna Secondary Colleges nearby

- Easy Eastlink access

The Peace of Mind

- 12 month construction estimate

- 10 year builders structural warranty

- Customise your design to suit (STCA)

- Pre-approved packages available

Visit our display suite by appointment or at scheduled open times.

Please contact our team today to receive further information.

Disclaimer: *Package price is based on land value plus an indicative build estimate. Final home price may vary depending on builder, site conditions, selections and inclusions. The home is not constructed. Land is sold separately and the build is subject to a separate contract with the builder. Price does not include stamp duty, registration fees, additional costs that may be incurred under the Building Contract. Applies to selected House & Land Package only. Subject to availability. Terms and conditions apply. Belle Property Doncaster East are only responsible for sale of land. Subject to availability. All floor plans are indicative only. All areas are approximate. Cars, furniture, decorative items, plants, and the like are shown for indicative purposes only and are not included in the sale. The contract for sale should be reviewed in relation to dimensions, areas, sale inclusions and specifications. Changes to the indicative floor plan may occur in accordance with the terms of the contract for sale. Information and images relating to landscaping are indicative only and may show mature plantings which may not be mature at settlement. The content of this listing is based on the intention of, and information available to, Belle Property Doncaster East as at the time of publication and may change due to future circumstances. The images on this web page are for illustrative purposes only and may depict features (such as landscaping, fencing and façade elements), items or inclusions which are excluded from the price. Belle Property Doncaster East does not accept any liability for loss or damage arising as a result of any reliance on the information.

Listing description written by Peter Motalli, Belle Property Doncaster East — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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