South Melbourne at a glance
14,519
People
No data
Median sale
$626/wk
Median rent
No data
Suburb gross yield
VIC › South Melbourne › Iffla St
$2,270,000
Last sold
18 Feb 2023
3
Bedrooms
2
Bathrooms
0
Car spaces
149 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
$2,270,000
18 Feb 2023 · derived via latest_sale
Local land rate: recorded House sales in South Melbourne (last 5 years) with land size have a median of $11,348/m² of land (n=5). Districts calculation from recorded sales — not a valuation.
South Melbourne at a glance
14,519
People
No data
Median sale
$626/wk
Median rent
No data
Suburb gross yield
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 $626/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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
South Melbourne at a glance
14,519
People
No data
Median sale
$626/wk
Median rent
No data
Suburb gross yield
Listing material
Listed by Buxton Albert ParkWrapped in a red brick Edwardian shell, this corner residence is blessed not only with north light from front to back but an architect design that purposefully catches light and space at every opportunity. With dual living zones plus an office, this freestanding home will graciously invite you in and capture you with a sense of effortlessly relaxed living.
Cleverly laid out, the home is greeted by a formal lounge room before flowing through to a dining, kitchen and living zone all wrapped around a sunny northern courtyard. Open up the extensive glazing and bask in the warmth of the sun, a gentle breeze and the sound of running water from the fishpond. At the heart of the home sits a kitchen that's made for entertaining with a marble bench that's big enough to spread a feast on, appointed with 900mm Ilve gas cooker and dishwasher as well an adjacent walk in pantry and fitted laundry.
Evolving with your changing needs, this residence once had original stables at the rear that have been incorporated into the home offering a ground floor bedroom served by a marble bathroom with tub as well as two further well-separated bedrooms (master with walk in robe) served by a matching double bathroom with a walk in shower bathed in heavenly light. This timeless home also provides a bright mezzanine office (or additional living depending on your needs), terrific storage throughout, hardwood floors, RC/AC and subtle panel heating.
Surrounded by parklands, community spaces and lifestyle strips every which way you turn. Walk to St Vincent Gardens, Lyell Iffla Playground & Community Gardens or Gasworks Art Park & Farmers Market to enjoy lush surrounds. Choose between Victoria Avenue, Bay Street and the iconic South Melbourne Market to satisfy your café, restaurant and shopping needs. Also close to trams, Albert Park College and the foreshore.
Inspect during scheduled open times or by appointment with the agent.
Presented by Cayzer Real Estate Albert Park and Port Melbourne.
All enquiries must include a phone number.
Listing description written by Michael Szulc, Buxton Albert Park — reproduced as published, not verified by Districts.
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