Mentone at a glance
14,129
People
$1,330,000
Median sale
$563/wk
Median rent
2.20%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
VIC › Mentone › Gainsborough Rd
$786,000
Last sold
25 May 2019
3
Bedrooms
1
Bathrooms
2
Car spaces
648 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
$786,000
25 May 2019 · derived via latest_sale
Local land rate: recorded House sales in Mentone (last 5 years) with land size have a median of $2,711/m² of land (n=11). Districts calculation from recorded sales — not a valuation.
Mentone at a glance
14,129
People
$1,330,000
Median sale
$563/wk
Median rent
2.20%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
Vs Mentone
-40.9%
Median sale
Suburb $1,330,000
+1.52 pp
Gross yield
Suburb 2.20%
Suburb median $1,330,000 from 10 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 $563/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
Mentone at a glance
14,129
People
$1,330,000
Median sale
$563/wk
Median rent
2.20%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White The Bayside GroupWith a good old-fashioned backyard of proportions ‘just like they used to make ‘em', solid foundations, and a highly-sought address within moments to Southern Road Reserve and fantastic playground, Mentone Park Primary and the local shopping/dining strip, close to Thrift Park, Parkdale station, the beach, and prized school zoning for Mentone Girls' & Parkdale Secondary Colleges.
Mostly original with various updates and comforts incorporated, and beautifully maintained, this lovely brick home on 648sqm (approx), offers a multitude of possibilities for growing families to move in and enjoy immediately, renovate and add genuine value, extend into some of that huge backyard, completely transform or rebuild into their dream home.
Or, with a wide 15.5m (approx) street frontage and 41.8m (approx) depth to play around with, it's a wonderful building canvas for your next redevelopment project (STCA) - and is sure to make a splash on this thriving Mentone pocket.
Featuring an air-conditioner, ducted heating and a gas heater in the original fireplace, high ceilings and decorative cornices, an extra-wide entry hall, great storage, and quality carpets with solid timber floorboards waiting to be revealed underneath!
Comprising three very generous bedrooms, and the excellent layout of the home ensures maximum convenience by having the updated bathroom with a bath and shower, plus a walk-through toilet and large laundry at the rear - all very easily accessible from every room or area of the home - whether you're in the kitchen, dining, lounge, or any one of the bedrooms.
Double sliding doors open to the spacious lounge room, plus a separate meals and updated kitchen with an upright Chef oven and plenty of storage. Paved undercover entertaining right across the rear, overlooking the gloriously-sized backyard that'll bring back some childhood memories of your own! Thriving fruit trees, shrubs, plants, garden beds, multiple choices for a veggie patch, a 3m x 2m garden shed plus an adjacent tool shed, and plenty of lawn for the kids to roam and play.
The peaked-roof tandem carport provides undercover front/back door entry and offers the potential for drive-through rear access - and there's plenty of space to add a garage, games room, or the ultimate in man-cave shedded bliss too!
Whether it's an affordable ‘home-sweet-home', a temporary stepping stone, rewarding investment,(potential rent: $500-$530 per week) renovation flip, or a boutique redevelopment in a blue-chip neighborhood, this excellent home comes stocked and fully loaded with potential no matter which pathway you choose to explore!
PLEASE NOTE:
*Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent.
* Photo ID required at all open for inspections
Listing description written by Kevin Chokshi, Ray White The Bayside Group — reproduced as published, not verified by Districts.