Mornington at a glance
25,996
People
$1,005,000
Median sale
$617/wk
Median rent
3.19%
Suburb gross yield
Median sale from 9 recorded sales (last 24 months) — a Districts calculation.
VIC › Mornington › Esplanade
$3,000,000–$3,300,000
For sale
Asking range
3
Bedrooms
2
Bathrooms
2
Car spaces
1,120 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
Asking
$3,000,000–$3,300,000
Asking range · $2,679/m² of land
No recorded sale for this property.
Mornington at a glance
25,996
People
$1,005,000
Median sale
$617/wk
Median rent
3.19%
Suburb gross yield
Median sale from 9 recorded sales (last 24 months) — a Districts calculation.
Vs Mornington
+198.5%
Median sale
Suburb $1,005,000
-2.12 pp
Gross yield
Suburb 3.19%
Suburb median $1,005,000 from 9 recorded sales (last 24 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$182,314 on top of the price (6.1% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Based on the low end of the asking range, not a contract price.
Pre-filled with Mornington's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
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 $617/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.
Gross yield if leased at the suburb aggregate is 1.1%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. 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
Mornington at a glance
25,996
People
$1,005,000
Median sale
$617/wk
Median rent
3.19%
Suburb gross yield
Median sale from 9 recorded sales (last 24 months) — a Districts calculation.
Listing material
Listed by Seachange PropertyPositioned on one of Mornington’s most tightly held stretches of coastline, this exceptional bayfront property captures uninterrupted views across Port Phillip Bay from Mount Martha to Mornington, where ever-changing skies and spectacular sunsets create a breathtaking backdrop every day.
Opposite the coastal walking trail and just moments from Coral Cove Beach, this is an extraordinarily rare opportunity to secure a substantial 1,122sqm (approx.) landholding in one of the peninsula’s most prestigious locations.
Whether you choose to renovate and transform the existing residence into a world-class waterfront home, or explore the outstanding subdivision potential (STCA), the possibilities are as exciting as the location itself. With land of this size, orientation and position becoming increasingly scarce, this is an investment in lifestyle and long-term value.
Just a leisurely stroll from Mornington’s vibrant Main Street, cafés, award-winning restaurants and boutique shopping, the location is second to none.
Designed to maximise its spectacular waterfront setting, the original residence offers generous proportions and multiple living spaces. Upstairs, the main living area opens onto a balcony where uninterrupted bay views take centre stage. Enjoy a drink from the adjoining bar, entertain family and friends, or simply watch the colours of the sunset transform the horizon. Downstairs, a second living room with an inviting fireplace provides another peaceful retreat overlooking the water.
Privately set behind a high fence and automatic sliding gate, the home offers generous family accommodation and exceptional entertaining spaces throughout. The spacious kitchen is centred around a striking angled island bench and flows seamlessly to the dining area, where bi-fold doors open onto a covered alfresco deck overlooking the sparkling inground pool, complete with a glass-edged spa and electric awning.
Outdoor entertaining continues with a superb pool house featuring a Merbau deck, drinks bar, pull-down café blinds for year-round enjoyment, and an adjoining firepit area that creates the perfect setting for memorable gatherings.
Accommodation includes a dedicated home office (or fourth bedroom), two additional bedrooms serviced by a stylish family bathroom, while the privately positioned upstairs main suite enjoys breathtaking bay views, direct balcony access, a walk-in robe and a spacious ensuite with twin vanity and double shower.
Additional features include:
* Expansive 1,122sqm (approx.) bayfront allotment
* Outstanding renovation or subdivision potential (STCA)
* Uninterrupted Port Phillip Bay views
* Multiple indoor and outdoor living zones
* Main bedroom retreat with private balcony, walk-in robe and ensuite
* Ducted heating and reverse-cycle air conditioning
* Surround sound system
* Mains gas BBQ connection
* Double garage with extensive off-street parking
* Rear storage shed
* Outdoor beach shower
Offering one of the finest bayfront opportunities to come to market in recent years, this is a property where exceptional land, breathtaking views and unlimited potential combine to create something truly special.
For a private inspection, please contact Geoff on 0414 282 817.
Listing description written by Geoff Oxford, Seachange Property — reproduced as published, not verified by Districts.