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VIC › Olinda › Mernda Rd

7 Mernda Rd, Olinda VIC 3788

House

$1,170,000

Last sold

31 Mar 2023

4

Bedrooms

2

Bathrooms

2

Car spaces

1,666 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 $1,170,000 (31 Mar 2023).(Recorded sale)
  • FactLand 1,666 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Olinda (last 5 years) with land size: median $431/m² of land (n=80). 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

$1,170,000

31 Mar 2023 · derived via latest_sale

Local land rate: recorded House sales in Olinda (last 5 years) with land size have a median of $431/m² of land (n=80). Districts calculation from recorded sales — not a valuation.

Olinda at a glance

1,741

People

$1,180,000

Median sale

$629/wk

Median rent

2.77%

Suburb gross yield

Median sale from 13 recorded sales (last 12 months) — a Districts calculation.

See the full Olinda report →

Vs Olinda

-0.8%

Median sale

Suburb $1,180,000

+0.03 pp

Gross yield

Suburb 2.77%

Suburb median $1,180,000 from 13 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

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$1,170,00031 Mar 2023
  2. Listedprice unknowncompleted8 Mar 2023

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 $629/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

Olinda in one glance

Olinda at a glance

1,741

People

$1,180,000

Median sale

$629/wk

Median rent

2.77%

Suburb gross yield

Median sale from 13 recorded sales (last 12 months) — a Districts calculation.

See the full Olinda report →

Keep researching

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

Listing material

Listed by Bell Real Estate Olinda

Magnificently Renovated Family Sanctuary with Inground Pool

Endearing style and timeless elegance grace this beautifully renovated and reimagined family home where laid-back, luxe is paired with practicality in a superbly quiet hills locale well positioned between Olinda and Monbulk townships. Embodying an earthy aesthetic where beauty and authenticity exist in every detail from hardwood timber floors underfoot, floor to ceiling windows and a rich designer Dulux palette, the chic dual-living zone home is complemented by its natural landscape highlighted by a sparkling inground pool, curated alfresco zones and established gardens awash with European classics that transform throughout the seasons.

A lavish lounge with sitting area exudes charisma with crackling wood fire for winter warmth and built in shelves to display all your favourite chapters.

At the heart, the country-style kitchen with communal stone island bench invites conversation with the chef and features stainless-steel cooking and black stone sink, while the accompanying dining room is skylit and a welcoming space for family to share a meal.

Read the full description

Step down to a sunlit sunken family room, a comfortable second living space and the gateway to indoor-outdoor living flowing to an all season paved patio, with the pool area and beautiful garden aspects.

A master retreat with walk-in dressing room, and floor to ceiling marble tiled ensuite is privately positioned at the front of the home delivering a glam sanctuary for rest and relaxation with French doors to a deck. A provincial inspired family bathroom is equally as luxe with its alluring claw foot bath and rain shower servicing three well placed bedrooms (two in a children’s wing).

Entertainers can wine and dine the night away or enjoy a long lunch with friends with multiple alfresco spaces to choose from, and when the summer heat arrives, a sparkling inground pool beckons. Multiple level lawn spaces are ripe for children’s play and there’s a sun-kissed veggie garden when you simply want to potter in the fresh air accompanied by the melody of the kookaburras, currawongs, lyre birds, rosellas and king parrots.

Located a short drive from Olinda, Sassafras and Monbulk Villages, primary schools and moments from Olinda community pool, the gorgeous eco-playscape and off-leash dog park, nature walks as well as a bus stop at the end of the street and all the tourist attractions of the glorious Dandenong Ranges, this incredible lifestyle is yours for the taking.

At a Glance:

• Four-bedroom, two bathroom renovated family home in a quiet pocket with private gated entry.

• Dual living areas, large meals zone and kitchen with stone island bench leading to an alfresco garden.

• Master with ensuite and walk-in wardrobe and private deck.

• Formal lounge with wood fire, custom wood storage and built-in shelving.

• Sunken family room with doors to the all-season patio and inground pool.

• Luxury bathrooms, including family bath with claw foot tub.

• Double garage plus off-street parking for caravan/boat and a horseshoe entrance.

• Sparkling inground pool, flat lawn areas, established gardens and alfresco spaces.

• Ducted heating, evaporative cooling, split system and ceiling fans for seasonal comfort.

• Veggie garden.

• Garden shed.

• Rinnai hot water system.

• Positioned hallway between Olinda and Monbulk townships with bus stop at the end of the street.

NOTE: VENDOR PHOTOS PROVIDED

Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice.

Open for inspections can be subject to change, please contact agent 24 hours before attending.

Listing description written by Jo Hirst, Bell Real Estate Olinda — reproduced as published, not verified by Districts.

Property features

  • Built-in Robes
  • Courtyard
  • Dishwasher
  • Ducted Heating
  • Floorboards
  • Living Areas: 1
  • Remote Garage
  • Shed
  • Toilets: 2
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.