Heatherton at a glance
2,821
People
$1,060,000
Median sale
$632/wk
Median rent
3.10%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
VIC › Heatherton › Nicholas Grove
$680,000
Last sold
27 May 2019
2
Bedrooms
1
Bathrooms
4
Car spaces
536 m²
Land
115 m²
Building
Districts View
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
$680,000
27 May 2019 · derived via latest_sale
Local land rate: recorded House sales in Heatherton (last 5 years) with land size have a median of $1,699/m² of land (n=14). Districts calculation from recorded sales — not a valuation.
Heatherton at a glance
2,821
People
$1,060,000
Median sale
$632/wk
Median rent
3.10%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Vs Heatherton
-35.8%
Median sale
Suburb $1,060,000
+1.73 pp
Gross yield
Suburb 3.10%
Suburb median $1,060,000 from 7 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 $632/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
Heatherton at a glance
2,821
People
$1,060,000
Median sale
$632/wk
Median rent
3.10%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Bayside Living Real EstateSituated in a quiet street this single level brick family home offers comfortable accommodation for now, scope to add value and renovate or extend. Alternatively there is an opportunity to develop with approved plans and permits for two ready-to-build two-storey townhouses. With an approx. land size of 536sqm this property has the perfect blend of value and invaluable potential...almost at the gates of Kingston Heath Golf Course.
This warm and inviting home features ducted heating and multiple reverse-cycle air-conditioners already in place, a walk-in-robe for the master and timber venetians on most windows. This rentable and liveable home will work for you with an adaptable two bedroom, dual living floorplan with formal and family living zones around a vintage kitchen. This home offers exceptional full-block family value with a flexible separate-facility bathroom, polished boards and a huge double auto-garage.
Alternatively realise another vision in these fully-approved designs and be rewarded by an easily-built project and readily-marketable pair of matching three bedroom plus home-office, 2.5 bathroom homes. Featuring expansive living flowing out to deep decks, a versatile first-floor retreat and up to three car-parking including a secure garage, this low-fuss development is designed to meet the market for great value all-new living. Perfect as a low-risk venture until the next big project, this versatile opportunity is ready to go when you are.
Now is the time to capitalise on this quiet position adjacent to The Heath Estate with proposed parkland metres away. So close to everything Cheltenham has to offer including Southland Shopping Centre, great schools including Heatherton Christian College, Cheltenham Secondary College and a choice of 3 primary schools, shopping and restaurants on Warrigal Road, Kingston Heath sporting facilities including the prized golf course and the nature loving Karkarook Reserve.
Listing description written by Lauren Chambers, Bayside Living Real Estate — reproduced as published, not verified by Districts.