Chadstone at a glance
10,683
People
$1,321,750
Median sale
$594/wk
Median rent
2.34%
Suburb gross yield
Median sale from 22 recorded sales (last 12 months) — a Districts calculation.
VIC › Chadstone › Drummond St
$1,180,000
Last sold
1 Aug 2025
3
Bedrooms
1
Bathrooms
3
Car spaces
689 m²
Land
230 m²
Building
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
$1,180,000
1 Aug 2025 · derived via latest_sale
Local land rate: recorded House sales in Chadstone (last 5 years) with land size have a median of $2,393/m² of land (n=18). Districts calculation from recorded sales — not a valuation.
Chadstone at a glance
10,683
People
$1,321,750
Median sale
$594/wk
Median rent
2.34%
Suburb gross yield
Median sale from 22 recorded sales (last 12 months) — a Districts calculation.
Vs Chadstone
-10.7%
Median sale
Suburb $1,321,750
+0.28 pp
Gross yield
Suburb 2.34%
Suburb median $1,321,750 from 22 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 $594/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
Chadstone at a glance
10,683
People
$1,321,750
Median sale
$594/wk
Median rent
2.34%
Suburb gross yield
Median sale from 22 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Est8 Agent Est8 AgentPositioned in a sought-after pocket of Chadstone, this substantial allotment of approximately 689 sqm with an impressive 15-metre frontage offers an exceptional opportunity for developers, builders, or buyers with vision to secure a site of significant potential in a thriving residential area.
The current residence—a classic three-bedroom home—sits on a parcel of land that invites transformation. Whether you're looking to renovate, rebuild or redevelop (STCA), the possibilities here are considerable. The home is in need of extensive improvement and is best viewed as a springboard for a bold new chapter, with ample scope to create something truly tailored to modern living.
The land itself is the true highlight: flat, well-proportioned, and positioned within the General Residential Zone – Schedule 3 (GRZ3), free of any planning overlays or bushfire protection constraints. This offers a straightforward planning context for those considering new construction, whether it's a bespoke family residence or a multi-dwelling development (STCA).
The location is equally compelling—only moments from Chadstone Shopping Centre, Holmesglen TAFE and station, parklands, quality schools and the Monash Freeway. It's a neighbourhood that continues to grow in popularity for its excellent connectivity, strong community feel, and access to lifestyle amenities.
64 Drummond Street represents a rare chance to secure valuable land in one of Melbourne’s most in-demand eastern suburbs. For those ready to act, it offers the foundation for future success in a location that speaks for itself.
Listing description written by Massimo Cassani, Est8 Agent Est8 Agent — reproduced as published, not verified by Districts.