Melville at a glance
6,582
People
$1,595,000
Median sale
$844/wk
Median rent
2.75%
Suburb gross yield
Median sale from 30 recorded sales (last 12 months) — a Districts calculation.
$960,000
Last sold
30 Sept 2023
4
Bedrooms
2
Bathrooms
2
Car spaces
472 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
$960,000
30 Sept 2023 · derived via latest_sale
Local land rate: recorded House sales in Melville (last 5 years) with land size have a median of $2,352/m² of land (n=96). Districts calculation from recorded sales — not a valuation.
Melville at a glance
6,582
People
$1,595,000
Median sale
$844/wk
Median rent
2.75%
Suburb gross yield
Median sale from 30 recorded sales (last 12 months) — a Districts calculation.
Vs Melville
-39.8%
Median sale
Suburb $1,595,000
+1.82 pp
Gross yield
Suburb 2.75%
Suburb median $1,595,000 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
WAWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 472 m² — that is not official geometry. 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.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $844/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. Nearby development applications are not loaded for this property. 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
UnknownWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 472 m² — that is not official geometry.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
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
Melville at a glance
6,582
People
$1,595,000
Median sale
$844/wk
Median rent
2.75%
Suburb gross yield
Median sale from 30 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Majestic Central Estate AgentsModern and very spacious double storey rear home with a built up area of approximately 258sqm all in a private setting.
There is no need to compromise on internal space yet have the benefit of a lock up & leave property with minimal garden maintenance yet the convenience of a stunning and central location.
The home represents superb value for the locale, considering recent sales and comparable properties!
An abundance of windows allow natural light to spill delicately throughout the house – and yet total privacy is assured due to the home’s elevation and location at the rear of the long driveway.
A beautiful kitchen overlooks the family area which in turn leads to the calming outdoor entertaining area that can easily open up & bring outside living in and vice a versa. You also have the luxury of further formal areas that would be ideal for a reading room or theatre. This home is for the young or more mature family alike – with 4 bedrooms and 2 quality bathrooms. The option of having your master bedroom downstairs or up is entirely up to you as the home has a number of accommodation options.
Features Include:
* Elevated Position
* Double Storey Design Constructed in 2009
* 4 Huge Sized Bedrooms + 2 Bathrooms + 2 WC's
* Large Entry Area With Central Staircase
* Kitchen with Quality Appliances and Stone Tops
* Spacious Family and Meals Area Tiled Throughout
* Entertaining Area With Bi-Fold Doors
* Separate Formal Lounge or Theatre Room
* Master Suite with Walk In Robe, En-suite, retreat and balcony with city glimpses
* Extensive Quality Tiling Throughout
* Stone Tops In All Bathrooms & Kitchen
* Double Garage with Direct House Entry
* Reverse Cycle Air-Conditioning
* Established Gardens
* Located between both Melville Primary & High School
* Currently leased to a gorgeous, long standing family
This must be first on the list!
PROPERTY PARTICULARS:
Internal Area | 258 m²
Total Land Area | 472 m² Survey Strata
Parking | Double Garage + Ample Off Street Parking
2023 - 2024 OUTGOINGS:
City of Melville | $2,350 Per Annum
Water Corporation | $1,551 Per Annum
Property Code: 362
Listing description written by Joseph Mansour, Majestic Central Estate Agents — reproduced as published, not verified by Districts.