Patterson Lakes at a glance
8,026
People
$1,260,000
Median sale
$603/wk
Median rent
2.49%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
VIC › Patterson Lakes › Myola St
$2,265,000
Last sold
17 Feb 2024
4
Bedrooms
2
Bathrooms
2
Car spaces
708 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
$2,265,000
17 Feb 2024 · derived via latest_sale
Local land rate: recorded House sales in Patterson Lakes (last 5 years) with land size have a median of $2,575/m² of land (n=39). Districts calculation from recorded sales — not a valuation.
Patterson Lakes at a glance
8,026
People
$1,260,000
Median sale
$603/wk
Median rent
2.49%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
Vs Patterson Lakes
+79.8%
Median sale
Suburb $1,260,000
-1.11 pp
Gross yield
Suburb 2.49%
Suburb median $1,260,000 from 21 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 $603/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
Patterson Lakes at a glance
8,026
People
$1,260,000
Median sale
$603/wk
Median rent
2.49%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Area Specialist VictoriaIts Addressed:
Located within the catchment zones of Patterson River Secondary College and Carrum Primary School, this waterfront residence on a generous 708sqm block offers a blend of coastal living and modern luxury. Conveniently located near sports facilities, playgrounds and parks, and just a four minute drive from Carrum Beach, train station and shops, this property is a gem in a highly-desirable coastal location with direct access to a lagoon beach.
The exterior exudes sophistication with an oversized double lock-up garage, wide frontage and expansive off-street parking that easily accommodates a boat or caravan. Easy to maintain tropical landscaping enhances the property's street appeal, and the side-light entryway adds a touch of elegance.
Step inside to a living space boasting impressive cathedral ceilings, plus timber porcelain flooring, new carpet and fresh paint. The bi-fold internal doors seamlessly connect the indoors with the impeccable outdoor entertaining area, complete with a spa and breathtaking water views. Natural light floods the main living area, creating an inviting ambiance. The fourth bedroom, versatile as a home office, adds flexibility.
Additional features include wood fireplaces with brick surrounds, ceiling fans, ducted heating, evaporative cooling, a security alarm, sauna and a built-in audio system. The home has tinted windows for privacy.
The kitchen features Hamptons style display cabinetry, soft-close drawers and 60mm ceaserstone countertops. Chefs will appreciate the induction stove, electric oven and dishwasher. The space is accentuated by a breakfast island, double bowl under-mount sink with a gooseneck mixer.
This home offers four well-sized bedrooms with built-in robe storage. The master suite enjoys a walk-in robe and private ensuite. Both bathrooms are lavishly appointed with fully-frameless showers, marble stone top vanities and opaque privacy windows. The main bathroom features an opulent free-standing bathtub, perfect for relaxation.
Contact us now for a priority inspection.
Property specifications
· Four bedrooms, luxurious living spaces, amazing covered outdoor entertaining with views, spa
· Ducted heating, cooling, LEDs, cathedral ceilings, quality flooring
· Oversized double lock-up garage with sauna
· Prime waterfront location near beaches, shops, public transport
For more Real Estate in Patterson Lakes, contact your Area Specialist.
Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.
Listing description written by Jaymee Le, Area Specialist Victoria — reproduced as published, not verified by Districts.
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