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 › Nepean Hwy
For sale
For sale
8
Bedrooms
3
Bathrooms
7
Car spaces
778.76 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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Mornington (last 5 years) with land size have a median of $1,758/m² of land (n=35). Districts calculation from recorded sales — not a valuation.
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.
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.
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
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 Professionals St Albans950 Nepean Highway, Mornington presents a compelling investment opportunity to acquire a high-performing rooming house asset within one of Victoria's most sought-after coastal and growth markets.
Comprehensively configured as an eight-bedroom rooming house, the property has been thoughtfully designed to maximise both resident comfort and investment performance. Spacious accommodation, well-appointed communal facilities and a practical floor plan create a highly functional living environment that continues to attract strong tenant demand.
Currently generating approximately $134,000 per annum in gross rental income, this established investment offers immediate cash flow with the opportunity for future growth.
Adding further appeal, the vendor advises that preliminary discussions with an experienced building surveyor indicate potential to extend the existing rooming house from eight to twelve bedrooms (STCA). Purchasers are encouraged to make their own enquiries with the relevant authorities and consultants regarding any future development or approval requirements.
Strategically positioned on the highly exposed Nepean Highway corridor, the property benefits from exceptional accessibility, strong underlying accommodation demand and close proximity to major employment, education, retail and lifestyle precincts. Its prime location provides seamless connectivity to Peninsula Link, major arterial road networks and Mornington's thriving commercial centre.
Investment Highlights
• Established eight-bedroom rooming house investment with immediate income
• Currently generating approximately $134,000 per annum in gross rental income
• Positive cash flow and attractive investment return
• Potential to further enhance the asset through future expansion to up to twelve bedrooms (STCA)
• Prominent Nepean Highway frontage with exceptional exposure to passing traffic
• Strong and diversified accommodation demand profile
• Excellent access to Peninsula Link and major transport infrastructure
• Minutes from Main Street Mornington, retail centres, medical facilities and public transport
• Located within a high-growth Mornington Peninsula market supported by strong demographic fundamentals
• Potential for future rental growth and further value-add opportunities (STCA)
• Landholding positioned within one of Victoria's premier lifestyle destinations
Invest with confidence in a proven accommodation asset offering immediate income, future upside and an outstanding location at the gateway to the Mornington Peninsula.
To arrange an inspection, please contact:
Mitch (Hung) Nguyen - 0478 777 666
Trin Le - 0431 767 888
Professionals St Albans
Condition of Entry: Please note that photo identification is required for all attendees inspecting the property.
Disclaimer: All information, including illustrations, is provided in good faith and is believed to be accurate at the time of publication. However, neither the vendor nor the agent guarantees its accuracy or completeness. Interested parties should rely on their own enquiries, investigations and due diligence, including obtaining independent professional advice where appropriate. Rental income figures, future development potential and any approvals referred to are indicative only and subject to purchaser verification and all relevant statutory approvals.
Listing description written by Mitch Hung Nguyen, Professionals St Albans — reproduced as published, not verified by Districts.
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