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VIC › Sunbury › Phillip Dr

53 Phillip Dr, Sunbury VIC 3429

For saleHouse for Sale

$550,000–$590,000

For sale

Asking range

3

Bedrooms

1

Bathrooms

0

Car spaces

650 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $550,000–$590,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $550,000–$590,000(Listing record · 17 Aug 2026)
  • FactLand 650 m²; no building size recorded.(Property record)
  • CalculationAsk is 25% below the Sunbury median recorded sale ($735,000, n=192, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Sunbury's advertised median rent ($509/wk), implied gross yield would be 4.81% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$550,000–$590,000

Asking range · $846/m² of land

No recorded sale for this property.

Sunbury at a glance

43,627

People

$735,000

Median sale

$509/wk

Median rent

3.60%

Suburb gross yield

Median sale from 192 recorded sales (last 12 months) — a Districts calculation.

See the full Sunbury report →

Vs Sunbury

-25.2%

Median sale

Suburb $735,000

+1.21 pp

Gross yield

Suburb 3.60%

Suburb median $735,000 from 192 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$550,000
Stamp Duty (Victoria)
$28,070
Transfer/Registration Fee
$1,391
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$583,161

$33,161 on top of the price (6.0% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

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.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Sunbury's advertised median rent — not a rent for this listing.

Net yield
3.31%
Annual cashflow (pre-tax)
$-10,382
Interest cover (DSCR)
0.64
Annual rent
$26,468
Operating expenses
$8,250
Loan amount
$440,000
Annual interest
$28,600
Gross yield
4.81%

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.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$550,000–$590,000available17 Aug 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $509/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.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 4.8%. 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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Sunbury in one glance

Sunbury at a glance

43,627

People

$735,000

Median sale

$509/wk

Median rent

3.60%

Suburb gross yield

Median sale from 192 recorded sales (last 12 months) — a Districts calculation.

See the full Sunbury report →

Keep researching

  • Why Sunbury? Read the area thesis →
  • What else is on the market in Sunbury →
  • Other records on Phillip Dr →

Listing material

Listed by Ray White Sunbury

Endless Potential on 650m² - Renovate, Invest or Make It Your Own

A fantastic opportunity for investors, renovators or home buyers looking to secure a property with plenty of scope to add value, this original-condition home at 53 Phillip Drive, Sunbury is ready for its next chapter.

Set on a generous 650m² (approx.) allotment, the property offers a practical floor plan, good-sized living spaces and, importantly, excellent potential for future improvements. The home does require some work, making it an ideal blank canvas for those wanting to renovate and create a home tailored to their own taste and requirements.

The accommodation includes three bedrooms, all with built-in wardrobes, with the master bedroom enjoying the convenience of a two-way bathroom. There are two separate living areas, providing flexibility for families, entertaining or creating dedicated spaces for relaxing and everyday living.

Read the full description

The formal lounge is carpeted, while the family room features tiled flooring and a meals area, flowing through to a generously sized kitchen. A split-system air conditioner provides additional comfort.

One of the standout features is the positioning of the existing home on the block. Situated toward the left-hand side of the generous 650m² allotment, there is substantial space alongside the property, providing exciting possibilities for the future, whether that be a garage, carport, large shed or additional outdoor improvements, subject to council approval and any relevant planning requirements.

The location is another major attraction. The home is close to local schools, public transport, shopping and everyday amenities, with Killara Primary School located on Phillip Drive itself. Sunbury Square Shopping Centre, Sunbury's shopping precinct and Sunbury railway station are also within easy reach.

Families are well catered for with schools including Sunbury Downs College and Sunbury College nearby, while the wider area offers parks, sporting facilities, cafes and a range of shopping and services. Sunbury also provides convenient access to the Calder Freeway and Melbourne Airport, making the location appealing to commuters and families alike.

Whether you're looking for your next renovation project, a solid investment or a home you can gradually transform, 53 Phillip Drive presents an exciting opportunity to unlock the potential of a substantial block in an established and convenient part of Sunbury.

Please note we require photo ID when attending opens

In preparing this information, Ray White Sunbury has used our best endeavours to ensure that the statements contained herein are true and accurate. All information (including but not limited to the property area, floor size, price, address and general property description) has been provided to Ray White Sunbury by third parties. As such, Ray White Sunbury makes no statement, representation, or warranty and assumes no legal liability in relation to the accuracy, context or suitability for any purpose of the information provided in advertising the property. Prospective purchasers should conduct their own due diligence and inquiries to verify the information independently.

We encourage buyers to make their own enquiries and refer you to the due diligence checklist provided by Consumer Affairs for further information

http://www.consumer.vic.gov.au/duediligencechecklist

Listing description written by Peter Colella, Ray White Sunbury — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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