Cobblebank at a glance
5,549
People
$648,500
Median sale
$493/wk
Median rent
3.95%
Suburb gross yield
Median sale from 82 recorded sales (last 12 months) — a Districts calculation.
VIC › Cobblebank › Penver Dr
$815,000
Last sold
13 Nov 2023
4
Bedrooms
2
Bathrooms
2
Car spaces
490 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
$815,000
13 Nov 2023 · derived via latest_sale
Local land rate: recorded House sales in Cobblebank (last 5 years) with land size have a median of $1,611/m² of land (n=143). Districts calculation from recorded sales — not a valuation.
Cobblebank at a glance
5,549
People
$648,500
Median sale
$493/wk
Median rent
3.95%
Suburb gross yield
Median sale from 82 recorded sales (last 12 months) — a Districts calculation.
Vs Cobblebank
+25.7%
Median sale
Suburb $648,500
-0.80 pp
Gross yield
Suburb 3.95%
Suburb median $648,500 from 82 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 $493/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
Cobblebank at a glance
5,549
People
$648,500
Median sale
$493/wk
Median rent
3.95%
Suburb gross yield
Median sale from 82 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Reliance Real Estate MeltonReliance Real Estate is proud to present this ex-display VB Home providing luxury, practicality and sophisticated family living in the Atherstone Estate.
This exquisite property is nestled on a generous 490 square meter land, offering an abundance of space and a host of impressive features that will surely capture your imagination.
This modern-day architecture boasts 4 bedrooms, 2 bathrooms, double car garage, theatre room, open plan living while also holding style, privacy, and convenience.
The Atherstone Estate offer's an easy access to various amenities, such as transportation options, shopping centres, and schools. Being within minutes' drive from the bus and train stations, including the newly built Cobblebank Train Station, makes commuting convenient.
The newly built Cobblebank Village Shopping Centre provides a range of shopping options, and the upcoming Cobblebank Sports Stadium/Multipurpose community facility will be an excellent place for families to engage in sports and other recreational activities.
Upon entering this modern home, you will find high ceilings and gorgeous flooring. The open plan kitchen and living area is filled with natural light, making it the perfect place to start your day.
The open-plan living welcomes you with dropped flooring and a Raked roof creating an elegant and sophisticated atmosphere.
This home is adorned with high-quality finishes and amenities.
The beautifully designed kitchen is a true centrepiece, featuring a stylish island bench with a convenient walk-in pantry, including top-of-the-line stainless steel appliances.
Fitted laundry with external access. Separate powder room for added convenience.
An open plan family zone creates the perfect space for entertaining friends and family, while a spacious theatre room is towards the Centre of the home, providing a perfect retreat for relaxation and entertainment.
This property comprises of 4 bedrooms, 2 bathrooms, double car garage. This home's modern interior follows throughout the generous master bedroom fitted with WIR, double vanity ensuite. The other remaining bedrooms all have their own BIR and share the light filled central bathroom. The outdoor area is complete with a spacious alfresco overlooking a well-maintained backyard with plenty of space and potential. It has ample space for entertaining family and friends.
Experience year-round comfort with the inclusion of heating and cooling systems throughout the home. Maintain an ideal living environment, no matter the season.
Don't miss the opportunity to make this exceptional property your own and enjoy a contemporary lifestyle in a desirable location.
Contact RAJ PRATAP on 0404941291 to book an inspection for the property.
DISCLAIMER: Every precaution has been taken to establish the accuracy of the above information, but it does not constitute any representation by the vendor/ agent and agency.
Listing description written by Sandy Rana, Reliance Real Estate Melton — reproduced as published, not verified by Districts.