Oak Park at a glance
7,256
People
$1,131,000
Median sale
$542/wk
Median rent
2.49%
Suburb gross yield
Median sale from 37 recorded sales (last 12 months) — a Districts calculation.
VIC › Oak Park › Summit Ave
$931,000
Last sold
14 May 2025
3
Bedrooms
1
Bathrooms
3
Car spaces
700 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
$931,000
14 May 2025 · derived via latest_sale
Local land rate: recorded House sales in Oak Park (last 5 years) with land size have a median of $1,789/m² of land (n=39). Districts calculation from recorded sales — not a valuation.
Oak Park at a glance
7,256
People
$1,131,000
Median sale
$542/wk
Median rent
2.49%
Suburb gross yield
Median sale from 37 recorded sales (last 12 months) — a Districts calculation.
Vs Oak Park
-17.7%
Median sale
Suburb $1,131,000
+0.54 pp
Gross yield
Suburb 2.49%
Suburb median $1,131,000 from 37 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 $542/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
UnknownArea
Oak Park at a glance
7,256
People
$1,131,000
Median sale
$542/wk
Median rent
2.49%
Suburb gross yield
Median sale from 37 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Eview GroupOld-school charm, future gold! Welcome to 5 Summit Avenue - a classic brick beauty that's been lovingly held by one family since day dot. Sitting proud with leafy valley views in a blue-chip Oak Park pocket, you're footsteps to schools, shops, buzzing cafes, and the train. Retro lovers will swoon, renovators will plot, and savvy buyers will spot serious potential. Dream of a designer makeover, a full transformation, or even a brand-new development (STCA) - the choice is yours. Solid as a rock, packed with personality, and sitting on prime land, this one's a ticket to something truly special.
Make your move today - C+M Residential. 'Helping You Find Home'
THE UNDENIABLE
• Brick House
• Built-in 1950s approx.
• Land size of 700m2 approx.
• Building size of 18sq approx.
• Foundation: Stumps
THE MOST IMPORTANT
• Kitchen with gas standalone stove/oven, ample benchtops, cupboard space & meals area **PN: Oven is non-operational
• Separate living zone with ceiling fan & gas heater
• Sunroom/Study or home office at the rear of the home
• 3-Bedrooms with carpeted flooring, 2 with robes
• 1-Bathroom with shower over bathtub, single vanity & separate toilet
• Laundry with double trough
• Additional extra's include high ceilings, picture rails, cornices, window blinds, awnings, ample storage areas, plus more
• Large allotment with Valley views, established gardens front & rear, covered pergola area, trees, garden beds & lawns
• Double garage
• Large driveway for additional parking
• Potential Rental: $500 - $550 p/w approx.
• Zoned Under the City of Merri-bek - Neighbourhood Residential Zone
THE LOCAL SPOTS
• COFFEE: Flowerbaby, Bobs Deli, Ferrovia Cafe
• EAT: Francis Winifred, Pizza Addiction, Pho Oak Park
• SHOP: Pascoe Vale Rd, Snell Gr, DFO Essendon
• WELLNESS: Lotus Healing Centre,
• PARKS: JP Fawkner Reserve, Moonee Ponds Creek Trail, Oak Park Aquatic
• SCHOOL: Oak Park Primary, Oak Park Kindergarten, Penola Catholic College
THE CLINCHER
• Unlock the potential & make your mark in the heart of Oak Park!
• Welcome home to 5 Summit Ave, Oak Park, OAK PARK
THE TERMS:
• Deposit of 10%
• Settlement of 30/45/60 days
Secure your INSPECTION Today by using our booking calendar via the REQUEST INSPECTION button...
*All information about the property has been provided to C+M Residential by third parties. C+M prides itself on being accurate, however, has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own inquiries in relation to this property.
Claudio Cuomo: 0419 315 396
John Nguyen: 0433 928 979
Listing description written by Claudio Cuomo, Eview Group — reproduced as published, not verified by Districts.
Victoria 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.