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VIC › Park Orchards › Park Rd

699 Park Rd, Park Orchards VIC 3114

House

$1,010,000

Last sold

21 Nov 2015

4

Bedrooms

2

Bathrooms

2

Car spaces

1,673 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $1,010,000 (21 Nov 2015).(Recorded sale)
  • FactLand 1,673 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Park Orchards (last 5 years) with land size: median $508/m² of land (n=11). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

What this lot has actually traded at

Last sold

$1,010,000

21 Nov 2015 · derived via latest_sale

Local land rate: recorded House sales in Park Orchards (last 5 years) with land size have a median of $508/m² of land (n=11). Districts calculation from recorded sales — not a valuation.

Park Orchards at a glance

4,220

People

No data

Median sale

$626/wk

Median rent

No data

Suburb gross yield

See the full Park Orchards report →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Sold$1,010,00021 Nov 2015
  2. Listedprice unknowncompleted22 Oct 2015

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $626/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Park Orchards in one glance

Park Orchards at a glance

4,220

People

No data

Median sale

$626/wk

Median rent

No data

Suburb gross yield

See the full Park Orchards report →

Keep researching

  • Why Park Orchards? Read the area thesis →
  • What else is on the market in Park Orchards →
  • Other records on Park Rd →

Listing material

Listed by Barry Plant Doncaster East

A Versatile Family Home In Tranquil Bush Surrounds

You can safely say that family living has discovered a new playground with this quintessential family home, which has been intelligently designed around the family and located in a central location that offers the tranquility of Park Orchards with convenient access to Ringwood.

Nestled on a serene 1673 (approx) allotment, multiple living areas coupled with zoned accommodation forms the cornerstone of the versatile two-storey layout, which has been thoughtfully extended over the years to achieve greater flexibility and practicality in day-to-day family life.

Beautiful leafy garden vistas offer peaceful backdrops against the warm and inviting lounge and adjacent dining, while a large well-appointed kitchen functions adeptly as the home's communal hub given its central placement and seamless access with the spacious family living.

Read the full description

Three of the four generous-sized bedrooms occupy the home's dedicated sleeping wing, and whilst the Master bedroom enjoys the luxury of having access to its own ensuite, the two additional bedrooms are serviced by a large family bathroom and separate toilet.

Excellent privacy coupled with direct access to a versatile study makes the peaceful fourth bedroom an ideal space for the privacy-seeking teenager or extended family members, while that essence of privacy and versatility extends to the downstairs rumpus, which offers a generous space for large family functions or a peaceful play space where kids can play their games without disturbing other members of the household.

A huge 'rooftop' entertaining terrace allows you to stage large gatherings beneath a star-lit sky with serenity and privacy all around, and if you're keen to make your mark, a paved BBQ area nestled amongst leafy surrounds has all the ingredients necessary to become an alfresco entertaining centrepiece.

The kids will certainly appreciate the enchanting backyard decorated with mature trees and rolling lawn areas, as well as the versatile cubby house, which could easily function as an additional storage area should the kids not claim the space for their own play adventures!

Speaking of storage, a huge area under the house promotes clutter-free living inside, while drive-through access into the backyard via a double carport is ideal for boat, trailer or caravan storage.

Gas ducted heating coupled with split-system heating and cooling delivers modern comfort, while excellent access to well-regarded private schools, North Ringwood Shopping Centre, Eastland Shopping Centre and transportation adds further appeal.

Listing description written by Jim Kapsalis, Barry Plant Doncaster East — reproduced as published, not verified by Districts.

Property features

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Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.