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VIC › Sunshine › Service St

U1, 8 Service St, Sunshine VIC 3020

For saleTownhouse

$635,000

For sale

Asking

2

Bedrooms

1

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $635,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $635,000(Listing record · 22 May 2024)
  • CalculationAsk is 26% below the Sunshine median recorded sale ($860,500, n=80, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Sunshine's advertised median rent ($467/wk), implied gross yield would be 3.82% — 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

$635,000

Asking

No recorded sale for this property.

Sunshine at a glance

10,164

People

$860,500

Median sale

$467/wk

Median rent

2.82%

Suburb gross yield

Median sale from 80 recorded sales (last 12 months) — a Districts calculation.

See the full Sunshine report →

Vs Sunshine

-26.2%

Median sale

Suburb $860,500

+1.00 pp

Gross yield

Suburb 2.82%

Suburb median $860,500 from 80 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$635,000
Stamp Duty (Victoria)
$33,170
Transfer/Registration Fee
$1,590
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
$673,460

$38,460 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 Sunshine's advertised median rent — not a rent for this listing.

Net yield
2.32%
Annual cashflow (pre-tax)
$-18,261
Interest cover (DSCR)
0.45
Annual rent
$24,284
Operating expenses
$9,525
Loan amount
$508,000
Annual interest
$33,020
Gross yield
3.82%

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$635,000available22 May 2024

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 $467/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 3.8%. 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

Sunshine in one glance

Sunshine at a glance

10,164

People

$860,500

Median sale

$467/wk

Median rent

2.82%

Suburb gross yield

Median sale from 80 recorded sales (last 12 months) — a Districts calculation.

See the full Sunshine report →

Keep researching

  • Why Sunshine? Read the area thesis →
  • What else is on the market in Sunshine →
  • Other records on Service St →

Listing material

Listed by Freedom Property

Impeccable Townhouse in a Fantastic Location - Great for living or for Investment with high rental yield

Open Home Cancelled - Recently rented at $600/week

An exquisite market offering is now on offer at the Sunvale Residences, deriving their name from the adjacent, glamorous Sunvale Community Park, their prestige from the superior build quality and prime location, just steps away from Sunshine Shopping Plaza and Sunshine Train Station. This spacious two-bedroom townhouse offers an exceptional lifestyle, seamlessly blending top-tier materials and innovative construction techniques for unparalleled durability and reliability. A landmark of convenience of city living amidst nature's tranquillity at the suburb´s most desirable address.

Now available after just three years since completion, townhouse number 1 invites you to experience its exquisite reverse living design. This residence features two spacious bedrooms, including the master suite with His & Hers Walk-in-Robe, serviced by a semi-ensuite bathroom featuring a double-sized shower for maximum comfort. The second bedroom is equipped with mirrored built-in robes and brand-new carpets.

Read the full description

First floor boasts an expansive open-plan living and dining area, perfect for relaxation and entertainment, with serene views and stylish finishes throughout. The elegant kitchen features quality soft close cabinetry under stone benchtops, glass splashbacks, stainless steel European appliances including a dishwasher, catering to all your culinary needs. Natural light floods the living space taking full advantage of being on the corner block, complemented by a north aspect private terrace, perfect for outdoor gatherings. The European laundry with ample storage space and a powder room on the first floor forge the added convenience.

Wide double-glazed windows, 2.7m high ceilings and 2.34m high doors on both floor levels create a spacious, bright and comfortable environment. The interior is tastefully finished with square set cornices, LED downlights, matching quality blinds throughout, stylish floorboards and elegant black matte tapware. The home is equipped with Daikin inverter split system heating and cooling A/Cs in all the living areas and bedrooms for your comfort, a video intercom system and FTP NBN connection for high-speed internet.

A dedicated undercover car park ticks the final box for a redefined modern living. A total value package ready to move in.

Centrally located in Sunshine, this townhouse promises significant capital growth and high demand. Adjacent to the picturesque Sunvale Community Park, it offers easy access to Melbourne CBD (11.5km.approx), Melbourne Airport (16.6km.approx) and major roadways including Ballarat Road, West Gate Freeway and Western Ring Road.

Enjoy the convenience of nearby amenities such as the Sunshine Leisure Centre (120m.approx), Sunshine Plaza (200m.approx), Sunshine Marketplace (400m.approx), Hampshire Road Shopping Strip and Library (300m.approx), Sunshine Train Station and Victoria University (650m.approx), Sunshine Hospital (3.1km.approx), Sunshine Primary School (approximately 1.1km), Sunshine Secondary College (approximately 1.2km), Mathews Hill Reserve (approximately 1.3km) and many more all within walking distance.

For more information, please contact Fatih Fanoscu on 0419 384 097!

Photo ID is Required at all Open for Inspections, Prior to Entry

*Freedom Property is committed to advertising in accordance with Queensland legislation and Office of Fair Trading guidelines. Advertised pricing is authorised by the seller and verified against the current Form 6 Appointment to Act. All information is believed to be accurate at the time of publication; however, prospective buyers should make their own enquiries. Images may have been digitally enhanced for marketing purposes, and where required by law, prescribed seller disclosure documents will be provided prior to the execution of a contract.*

- Spacious Open-Plan living,adjacent to Sunvale Park

- 2 decent size bedrooms, master with WIR & ensuite

- Stone benches in the kitchen and all wet areas

- North facing Terrace,Ariston Appliances&Dishwasher

- 2.7m high-ceilings at all levels, double glazing

- Only 3.5 years old, premium finishes & fittings

- Daikin inverter split system heating&cooling A/Cs

- Walking distance to transport,shops,schools,etc

Don't miss your chance to make this your new home!

Listing description written by C. Burak Binatli, Freedom Property — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Ensuites: 1
  • Intercom
  • Toilets: 1
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.