Mccrae at a glance
3,260
People
$1,100,000
Median sale
$533/wk
Median rent
2.52%
Suburb gross yield
Median sale from 49 recorded sales (last 12 months) — a Districts calculation.
VIC › Mccrae › Coburn Ave
$1,585,000
Last sold
28 Oct 2023
2
Bedrooms
1
Bathrooms
3
Car spaces
693 m²
Land
130 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
$1,585,000
28 Oct 2023 · derived via latest_sale
Local land rate: recorded House sales in Mccrae (last 5 years) with land size have a median of $1,293/m² of land (n=114). Districts calculation from recorded sales — not a valuation.
Mccrae at a glance
3,260
People
$1,100,000
Median sale
$533/wk
Median rent
2.52%
Suburb gross yield
Median sale from 49 recorded sales (last 12 months) — a Districts calculation.
Vs Mccrae
+44.1%
Median sale
Suburb $1,100,000
-0.77 pp
Gross yield
Suburb 2.52%
Suburb median $1,100,000 from 49 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 $533/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
Mccrae at a glance
3,260
People
$1,100,000
Median sale
$533/wk
Median rent
2.52%
Suburb gross yield
Median sale from 49 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Basso Real EstateAUCTION ON SITE: 11am on the 28th of October 2023.
This classic single-story two-bedroom beach house is a wonderful retreat for those seeking a peaceful escape. Located near the McCrae Shopping Village and McCrae’s striking beaches, it offers easy access to everything McCrae, making it convenient for travel and exploration in the area.
One of the property's highlights is its picturesque corner location and beautiful bay views.
The house itself is set on a slightly elevated 693 sqm block and offers stunning views towards the front direction. A viewing platform with an internal staircase is situated on the rooftop, where you will find a quiet place to sit back, read a book, and unwind as you look out over Port Philip Bay.
Inside the dwelling, you'll find
The property offers ample off-street parking spaces which is a valuable feature for homeowners and visitors alike plus an undercover carport.
The backyard has a large lawn space which would make a great place for a game of backyard cricket or throwing a frisbee.
The coastal township of McCrae is known for its popularity among holiday homeowners, permanent residents, and investors alike. With its great location, bay views, and amenities all close by, it presents an enticing prospect for anyone looking to embrace the coastal lifestyle and enjoy the peaceful surroundings.
Please note for privacy reasons, the internal photos that appear in this advert were taken in October 2019, prior to the tenant shifting in.
With McCrae being less than an hour from the Melbourne CBD and in immediate proximity to world-class wineries, golf courses, and fantastic beaches via the toll-free Peninsula Link, this property should be on top of your list. So, call now. You won't be disappointed.
Whilst all reasonable effort is made to ensure the information in this advertisement is current, Basso Real Estate does not warrant the accuracy or completeness of the data and information contained in this advertisement and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this advertisement.
We always recommend that Buyers obtain both a building and pest inspection report before making an offer to purchase.
a naturally lit and spacious living area, combining the living room and dining room while the separate kitchen is still very functional given its age. The timber-lined walls add a special character to the property while the timber floors provide a sense of warmth and space. The area also includes a split system, open fireplace, and gas heating to help radiate warmth through the whole house.
Listing description written by Paul Basso, Basso Real Estate — reproduced as published, not verified by Districts.