Mulgrave at a glance
21,251
People
$1,145,000
Median sale
$653/wk
Median rent
2.97%
Suburb gross yield
Median sale from 47 recorded sales (last 12 months) — a Districts calculation.
VIC › Mulgrave › Shaftsbury Dr
$950,000
Last sold
9 Jan 2025
4
Bedrooms
2
Bathrooms
2
Car spaces
622 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
$950,000
9 Jan 2025 · derived via latest_sale
Local land rate: recorded House sales in Mulgrave (last 5 years) with land size have a median of $1,644/m² of land (n=89). Districts calculation from recorded sales — not a valuation.
Mulgrave at a glance
21,251
People
$1,145,000
Median sale
$653/wk
Median rent
2.97%
Suburb gross yield
Median sale from 47 recorded sales (last 12 months) — a Districts calculation.
Vs Mulgrave
-17.0%
Median sale
Suburb $1,145,000
+0.60 pp
Gross yield
Suburb 2.97%
Suburb median $1,145,000 from 47 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 $653/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
Mulgrave at a glance
21,251
People
$1,145,000
Median sale
$653/wk
Median rent
2.97%
Suburb gross yield
Median sale from 47 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Boutique Estate AgencySet on an impressive 622sqm block, this delightful family home is a canvas awaiting your creative touch. With a strong foundation and interior renovation potential, this property is perfect for first home buyers seeking a charming entry into the market or investors looking for significant renovation and development opportunities. Imagine transforming the generous outdoor space and expanding or redeveloping (STCA) to maximize the property's value in this thriving area.
Nestled in a coveted location, this home is ideal for families, first-time buyers, and savvy investors alike. Embrace the opportunity to shape a unique living space in a community that truly has it all!
KEY FEATURES INCLUDE:
• Spacious Living Areas: Enjoy the versatility of a dedicated living room and a separate rumpus area, perfect for family gatherings or creating your own entertainment zone.
• Generous Kitchen: Featuring gas top cooking and an oven, this kitchen boasts a generously sized bench ideal for meal preparation and social gatherings. Its practical layout provides a solid base for future updates, while its original character adds a touch of classic charm.
• Ample Storage: Benefit from plenty of built-in robes and storage options throughout the home.
• Tiled Bathrooms: The bathrooms feature a classic design and offer excellent potential for a stylish modern makeover. Envision transforming these spaces into sleek, contemporary retreats that perfectly suit your tastes.
OUTDOOR SPACE:
• Expansive Backyard Oasis: A true highlight of this property, the large backyard offers endless possibilities for customization. Whether you envision a vibrant garden, a private retreat, or a space for entertaining, this area provides room to create your ideal outdoor sanctuary.
• Garden Potential: With a bit of imagination, the outdoor space can be transformed into a lush garden filled with flowers, shrubs, and beautiful landscaping.
• Development Potential: With 622sqm of prime land, this property presents a unique opportunity to explore further development options (STCA). Consider subdividing, creating multi-functional outdoor areas, or even redeveloping to maximize your investment in this thriving community.
COMMUNITY AMENITIES:
• Parks & Recreation: Enjoy close proximity to Shaftsbury Dr Reserve, Freeway Reserve, and Waverly Park, perfect for outdoor activities and family fun.
• Community Centres: Access to Mackie Rd Neighbourhood House and Mulgrave Community Centre provides a range of local services and activities.
• Health Services: Convenient access to Monash Medical Centre and Mulgrave Private Hospital ensures peace of mind with top-notch healthcare facilities nearby.
• Public Transport: Benefit from the convenience of train and bus services, with access to four railway stations within a 10-minute radius, making commuting a breeze.
• Education: Close proximity to quality schools and universities such as Monash University & Mazenod College which enhances the appeal of this location for families and students alike.
6 Shaftsbury Dr presents a remarkable opportunity to own a charming family home in a prime location with ample space to make it your own. Don’t miss out on this chance to create your ideal living environment. Contact us today to arrange a viewing!
• Photo ID is required upon inspection.
• Please note: Every effort has been made to ensure the accuracy of this advertisement; however, we cannot guarantee its correctness. Prospective buyers should verify all details independently.
For more information or to arrange a viewing, please reach out to Suraj Samaranayake at 0433 920 603 or email suraj@boutiqueestate.com.au.
Listing description written by Suraj Samaranayake, Boutique Estate Agency — reproduced as published, not verified by Districts.