Melba at a glance
3,426
People
$880,000
Median sale
$400/wk
Median rent
2.36%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
5
Bedrooms
2
Bathrooms
3
Car spaces
1,143 m²
Land
243 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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Melba (last 5 years) with land size have a median of $1,139/m² of land (n=13). Districts calculation from recorded sales — not a valuation.
Melba at a glance
3,426
People
$880,000
Median sale
$400/wk
Median rent
2.36%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
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
ACTPlanning 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.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $400/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
UnknownPlanning layers have not been retrieved for this property yet.
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. This jurisdiction has no comparable official bond series in the free set.
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
Melba at a glance
3,426
People
$880,000
Median sale
$400/wk
Median rent
2.36%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White CanberraPerched at the top of a quiet cul de sac, you will find this expansive and impressive family home. The home has been meticulously manicured to use every ounce of space to cater for any family's needs. Being only 100m from the local primary School and in close proximity to Melba secondary school and college, the location for a family is hard to beat.
Upstairs you will find a large lounge room with sweeping views of the Brindabellas, a formal dining room and a beautifully updated kitchen that connects seamlessly to the covered entertainment deck. You will also find 2 bedrooms upstairs, including the main bedroom
with walk-in robe, both serviced by the updated main bathroom with underfloor heating.
Downstairs, let your imagination run wild with how this space could work for your family. With three bedrooms, a bathroom and two living areas you could use it as a home business/office, a teenager's retreat, a place for the in-laws or family members to call home, or whatever your heart desires.
Outside the home, be impressed by the pizza oven, covered spa, manicured gardens and a grassed areas for kids to play and pets to roam. An expansive patio off the lounge room with astonishing views are all complemented by being at the top of the street with a reserve to the side - your own private oasis.
You won't be short of parking accommodation either with 83sqm of garage space, an oversized driveway, including a circular drive, and plenty of off-street parking. Additional comforts include ducted gas heating, evaporative cooling, 19 solar panels, an in-ground watering system and a large laundry with plenty of storage space.
This is a home that truly needs to be inspected to be fully appreciated. Don't miss our next scheduled inspection.
**Please note this property will go to auction on Saturday, 3rd February 2024 as part of our Summer Showcase Event held at the Hyatt Hotel Canberra.
The doors will open at 9am and this property is scheduled to go to auction from 12:30pm.
Features:
326sqm under the roofline
Sweeping views to the Brindabellas
Large lounge room with adjoining patio
Renovated kitchen
Downstairs family retreat/home business
Main bedroom with ensuite and WIR
4 additional bedrooms with built-in robes
2 bathrooms
Ceiling fans in bedrooms
Ducted gas heating and evaporative cooling
In-slab heating (bathrooms)
Magnetite on windows
Large covered entertaining deck
Terrace with shade sail
Covered spa bath
Pizza oven
Fire pit area
Manicured gardens
Large, grassed backyard
1143sqm block
83sqm of Garage space
Workshop
Quiet location at top of small cul de sac
Reserve to the side
Side access
Stats:
Build: 1974
Block: 1,143sqm
Ground Level: 106sqm
First Level: 137sqm
Total Living: 243sqm
Garages: 84sqm
EER: 3.5
UV: $458,000
Rates: $2,824 pa
Land Tax: $4,614 pa
Disclaimer: All information regarding this property is from sources we believe to be accurate, however we cannot guarantee its accuracy. Interested persons should make and rely on their own enquiries in relation to inclusions, figures, measurements, dimensions, layout, furniture and descriptions.
Listing description written by Jake Battenally, Ray White Canberra — reproduced as published, not verified by Districts.