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 › Springvale Rd
$1,320,000
Last sold
30 Oct 2025
4
Bedrooms
2
Bathrooms
2
Car spaces
810 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
$1,320,000
30 Oct 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
+15.3%
Median sale
Suburb $1,145,000
-0.40 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 We Can Real Estate662 SPRINGVALE ROAD MULGRAVE
Ideally positioned in the welcoming suburb of Mulgrave, this well maintained family home offers the perfect balance of space, comfort, and convenience. Set on a generous 810 sqm allotment, the property impresses with its thoughtful layout and large backyard.
Spacious Interiors: An expansive living area flowing into a light-filled dining space ideal for family gatherings
- Well appointed kitchen with a 900mm gas cooktop, quality appliances and flows effortlessly into the adjoining family area.
- Bedroom Comforts: Features Four bedrooms with the master suite and walk-in robe, while the other two bedrooms offer built-in robes for ample storage.
- Functional Layout: Includes a practical laundry area and a well-appointed main bathroom for added convenience.
- Secure Parking & Ample Space: A long driveway complemented by a secure lock-up garage-ideal for car enthusiasts, tradies, or families with multiple vehicles.
- Development opportunity: A generous frontage, offering potential for future subdivision or a large family home (STCA).
Location Highlights:
• Education: Zoned for Albany Rise Primary School and Wellington Secondary College, with Mazenod College and Monash University Clayton Campus just a short drive away.
• Transport: Excellent connectivity via nearby bus routes along Springvale Road and Wellington Road, and quick access to both the Monash Freeway (M1) and Eastlink.
• Shopping & Dining: Minutes to Waverley Gardens Shopping Centre, Brandon Park Shopping Centre, and a variety of local cafés, restaurants, and specialty stores.
• Lifestyle & Recreation: Close to parklands, sports clubs, and community facilities, ensuring a great lifestyle for families.
It is located within Monash council, with no bushfire, flood, or heritage overlays detected. It is zoned for Brandon Park Primary School and Brentwood Secondary College. It has reliable NBN Hybrid Fibre Coaxial and 5G mobile coverage.
Currently Rented on $3683. PER MONTH
Listing description written by Ash Bansal, We Can Real Estate — reproduced as published, not verified by Districts.