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VIC › Skye › Greycliffe Ave

Lot 414 Greycliffe Ave, Skye VIC 3977

For saleHouse

$1,124,500

For sale

Asking

4

Bedrooms

2

Bathrooms

2

Car spaces

448 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,124,500 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,124,500(Listing record · 31 July 2026)
  • CalculationRecorded House sales in Skye (last 5 years) with land size: median $1,338/m² of land (n=44). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 32% above the Skye median recorded sale ($855,000, n=39, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Skye's advertised median rent ($672/wk), implied gross yield would be 3.11% — this is not a rent for this listing.(Districts scenario calculation)

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

The ask against the evidence

Asking

$1,124,500

Asking · $2,510/m² of land

No recorded sale for this property.

Local land rate: recorded House sales in Skye (last 5 years) with land size have a median of $1,338/m² of land (n=44). Districts calculation from recorded sales — not a valuation.

Skye at a glance

8,329

People

$855,000

Median sale

$672/wk

Median rent

4.09%

Suburb gross yield

Median sale from 39 recorded sales (last 12 months) — a Districts calculation.

See the full Skye report →

Vs Skye

+31.5%

Median sale

Suburb $855,000

-0.98 pp

Gross yield

Suburb 4.09%

Suburb median $855,000 from 39 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$1,124,500
Stamp Duty (Victoria)
$61,848
Transfer/Registration Fee
$2,734
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,192,782

$68,282 on top of the price (6.1% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

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.

Rental yield

Pre-filled with Skye's advertised median rent — not a rent for this listing.

Net yield
1.61%
Annual cashflow (pre-tax)
$-40,397
Interest cover (DSCR)
0.31
Annual rent
$34,944
Operating expenses
$16,868
Loan amount
$899,600
Annual interest
$58,474
Gross yield
3.11%

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.

Open the full yield calculator →

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. Listed$1,124,500available31 July 2026

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 $672/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

Gross yield if leased at the suburb aggregate is 3.1%. 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

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

Skye in one glance

Skye at a glance

8,329

People

$855,000

Median sale

$672/wk

Median rent

4.09%

Suburb gross yield

Median sale from 39 recorded sales (last 12 months) — a Districts calculation.

See the full Skye report →

Keep researching

  • Why Skye? Read the area thesis →
  • What else is on the market in Skye →
  • Other records on Greycliffe Ave →

Listing material

Listed by Turnkey Real Estate Group

Titled 4 Bedroom Turnkey Home in Skye - Fixed Price $1,124,500

THE PROPERTY

Single-level home on a titled 448m² block within Wedge Road Estate, Skye, with 26 squares of living under one roof. Two living zones anchor the plan: an open kitchen, living and dining space at the front that leads out to a covered alfresco, and a media/rumpus room further back that gives the household a second place to spread out. The master suite sits at the rear beside the garage, set apart from the remaining three bedrooms rather than lined up alongside them. A study near the laundry rounds out the working spaces.

FOR OWNER-OCCUPIERS

Read the full description

Two living zones change how a family actually uses a single-storey home day to day. Parents can keep the front living area to themselves while the media/rumpus room absorbs whatever the kids are doing, from movie nights to homework spread across the floor. The bedroom split reinforces it further, since the master sits apart from bedrooms two through four, with an actual gap between where the parents sleep and where the household’s daily noise lives.

The study gives anyone working from home a door to close, and a walk-in pantry keeps the kitchen bench clear enough to use as a kitchen rather than a dumping ground.

FOR INVESTORS

Wedge Road Estate sits inside the Frankston growth corridor, with Peninsula Link close enough to keep a commute realistic and the coast close enough to hold appeal beyond people working locally. Titled land removes one variable for an investor too, since there’s no waiting on the estate to catch up before construction starts, which means holding costs are known rather than estimated.

A second living zone widens who this suits as a rental. It works just as well for a family wanting to separate parents from teenagers as it does for two unrelated renters wanting their own space rather than sharing one lounge, and that flexibility tends to matter more to prospective tenants than an extra square metre of bedroom.

WHAT SETS THIS ONE APART

Twenty-six squares on a 448m² block is a lot of house for the size of the land, and most of that space sits indoors rather than out. Where plenty of new estates hand the difference back as yard, this design puts it into a second living zone instead, which only makes sense once you factor in where the estate actually is.

Skye sits close enough to the Mornington Peninsula that weekends are more likely to happen at the beach than in the backyard. A design that leans indoors rather than promising a big lawn nobody has time to mow fits that pattern better than the standard four-bedroom layout does, and it’s the kind of detail that’s easy to miss on a floorplan until someone points it out.

KEY FEATURES

Layout & Design

• Single storey design with two separate living zones, kitchen/living/dining and a media/rumpus room

• Master suite with walk-in robe and ensuite, positioned away from the remaining three bedrooms

• Separate study

• Covered alfresco off the main living area

• Double garage with internal access

Kitchen

• 40mm Caesarstone benchtops

• Bosch appliances including dishwasher

• Walk-in pantry

Bathrooms & Extras

• Main bathroom with step-free tiled shower base, servicing bedrooms 2 to 4

• Ensuite to master with 20mm Caesarstone benchtop

• Separate powder room

• Laundry with walk-in linen storage

Build & Location

• 26 squares under roof, single storey, fully turnkey

• 448m² block in Wedge Road Estate, Skye

• NCC compliant, all developer and council requirements met

THE ESTATE — WEDGE ROAD ESTATE, SKYE

Wedge Road Estate places this block within the Frankston growth corridor, with Peninsula Link close enough for a straightforward commute and Frankston’s shops and dining within easy reach. The Mornington Peninsula’s beaches sit a short drive south, and EastLink connects north for anyone working in the city.

It’s a pocket that offers established infrastructure without Peninsula pricing, increasingly rare this close to the coast.

Package Summary

Land: $647,000 | Build: $464,500 | Total: $1,124,500

Bed 4 | Bath 2 | Car 2 | Home Size: 26sq | Land Size: 448m²

Title: Titled

Contact me today to secure this home or discuss your own house-and-land package in Skye.

Images, plans and drawings are for illustrative purposes only and may not represent the final product. Lot layouts, dimensions, easements and landscaping are subject to change without notice and are dependent on third-party approvals, including council and developer requirements.

Listing description written by Lachy Foster, Turnkey Real Estate Group — reproduced as published, not verified by Districts.

Property features

  • Alarm System
  • Built-in Robes
  • Ensuites: 1
  • Floorboards
  • Living Areas: 2
  • Outdoor Entertaining
  • Remote Garage
  • Rumpus Room
  • Solar Panels
  • Study
  • 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.