Springvale South at a glance
13,433
People
$891,500
Median sale
$509/wk
Median rent
2.97%
Suburb gross yield
Median sale from 38 recorded sales (last 12 months) — a Districts calculation.
VIC › Springvale South › Sharon Rd
$940,000
Last sold
25 Sept 2024
4
Bedrooms
2
Bathrooms
5
Car spaces
705 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
$940,000
25 Sept 2024 · derived via latest_sale
Local land rate: recorded House sales in Springvale South (last 5 years) with land size have a median of $1,568/m² of land (n=75). Districts calculation from recorded sales — not a valuation.
Springvale South at a glance
13,433
People
$891,500
Median sale
$509/wk
Median rent
2.97%
Suburb gross yield
Median sale from 38 recorded sales (last 12 months) — a Districts calculation.
Vs Springvale South
+5.4%
Median sale
Suburb $891,500
-0.15 pp
Gross yield
Suburb 2.97%
Suburb median $891,500 from 38 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 $509/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
Springvale South at a glance
13,433
People
$891,500
Median sale
$509/wk
Median rent
2.97%
Suburb gross yield
Median sale from 38 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Area Specialist VictoriaIt's Addressed:
Situated in a highly sought-after pocket of Springvale South, the new postcode where everyone wants to move into right now. Only minutes away from Springvale Central & Springvale South Shopping Centre, Burden Park Tennis Club and playground, Early Beginners Childcare, Killester College, Heatherhill Primary School, Keysborough Secondary College, and train stations.
Perfect for a growing family or those wanting to move in with parents, this piece of land is truly rewarding, full of future potential for a bright future ahead. Whether you are buying to live in now and later develop another dwelling at the back, the backyard is currently big enough to kick a ball or play a game of home cricket while the younger kids can play in a cubby house. Children will grow up with great memories of this family home.
The home has been recently updated with brand new floorboards, fresh paint throughout, modern bathrooms, new downlights, and new curtains. It features gas ducted heating and split system cooling for year-round comfort.
Upon entering, you'll be greeted by a sun-filled kitchen and large living area, providing plenty of natural light for a positive and vibrant atmosphere. The kitchen boasts a commercial Chef gas cooktop, a Bosch dishwasher, and a breakfast bench. The dining area accommodates a long table, perfect for family gatherings, and flows into the expansive living space.
All bedrooms include wardrobes, with the master bedroom located at the far end of the home, offering door access to the backyard and stunning views of Chua Hoa Nghiem Temple—perfect for watching annual fireworks. The other bedrooms are spacious, with the fourth bedroom suitable as a home study or guest room. The large laundry room provides access to the backyard, and the two bathrooms are simply gorgeous.
That is not all, the large double garage allows room for a home office, perfect for those wanting to run a business or a generous mancave retreat for some peace and quiet.
This home is move-in ready with no additional expenses required. Enjoy the friendly neighbourhood and convenient surroundings, with everything you need just a stone's throw away.
Loved and cherished by the same owners for the past 15 years, this home is now ready for its new rightful owners.
Contact the team at Ruby Vo Area Specialist for more information and inspection times. We look forward to welcoming you to the neighbourhood with open arms.
For more Real Estate in Springvale South contact your Area Specialist.
Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.
Listing description written by Ruby Vo, Area Specialist Victoria — reproduced as published, not verified by Districts.