Chelsea at a glance
8,995
People
No data
Median sale
$547/wk
Median rent
No data
Suburb gross yield
VIC › Chelsea › Nepean Hwy
$2,388,888–$2,627,776
For sale
Asking range
6
Bedrooms
3
Bathrooms
5
Car spaces
1,220 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
Asking
$2,388,888–$2,627,776
Asking range · $1,958/m² of land
No recorded sale for this property.
Local land rate: recorded House sales in Chelsea (last 5 years) with land size have a median of $2,113/m² of land (n=8). Districts calculation from recorded sales — not a valuation.
Chelsea at a glance
8,995
People
No data
Median sale
$547/wk
Median rent
No data
Suburb gross yield
Based on the low end of the asking range, not a contract price.
$142,592 on top of the price (6.0% extra)
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.
Based on the low end of the asking range, not a contract price.
Pre-filled with Chelsea's advertised median rent — not a rent for this listing.
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.
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 $547/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.
Gross yield if leased at the suburb aggregate is 1.2%. 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
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 at a glance
8,995
People
No data
Median sale
$547/wk
Median rent
No data
Suburb gross yield
Listing material
Listed by ZED Real EstateAn outstanding development opportunity awaits at 493–495 Nepean Highway, Chelsea. Positioned on a substantial 1,220 sqm landholding* with the rare advantage of three street frontages, this prime corner site offers exceptional flexibility for a range of development outcomes.
Perfectly suited for commercial, mixed-use, residential, or office development (STCA), the property presents significant potential in one of Melbourne's most sought-after bayside locations.
Potential development options include:
Up to 6 commercial tenancies and 6 residential apartments (STCA)
Alternatively, 12 luxury townhouses with the potential for stunning bay and water views (STCA)
Property Highlights
Generous land area of 1,220 sqm*
Rare triple street frontage providing outstanding design flexibility
31 metres frontage to Nepean Highway*
40 metres frontage to Chadwell Grove*
Just 150 metres from Chelsea Beach*
Existing income stream from two retail tenancies and one adjoining residential dwelling
Exceptional Lifestyle & Connectivity
Located in the heart of Chelsea's thriving bayside precinct, the property offers unparalleled convenience and lifestyle appeal. Residents and businesses will enjoy easy access to:
Chelsea Beach – only 150 metres*
Bonbeach and Chelsea Railway Stations – within 700 metres*
Chelsea Shopping Centre – within 700 metres*
Patterson River Golf Club and Bicentennial Park – approximately 1.5 km*
A wide range of schools, cafés, restaurants, retail outlets, medical facilities, public transport, gyms, parks, and everyday amenities all within walking distance.
Opportunities of this scale, location, and versatility are increasingly rare. Secure a landmark development site in a high-growth bayside location and unlock its full potential.
Approximate measurements. Subject to Council Approval (STCA).
Disclaimer: I acknowledge that this advertisement provides information as a guide only. Zed Real Estate does not verify the data and makes no claims regarding its accuracy. Buyers are to perform their own due diligence. Images and floor plans are to scale and created based on the photographer's best knowledge.
Listing description written by Tavab Nasheet, ZED Real Estate — reproduced as published, not verified by Districts.
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