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VIC › Carrum Downs › Grnja Way

U2, 11 Grnja Way, Carrum Downs VIC 3201

For saleUnit

$465,000–$495,000

For sale

Asking range

2

Bedrooms

2

Bathrooms

2

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $465,000–$495,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $465,000–$495,000(Listing record · 21 Nov 2023)
  • CalculationIf it leased at Carrum Downs's advertised median rent ($553/wk), implied gross yield would be 6.18% — 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

$465,000–$495,000

Asking range

No recorded sale for this property.

Carrum Downs at a glance

23,549

People

No data

Median sale

$553/wk

Median rent

No data

Suburb gross yield

See the full Carrum Downs report →

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$465,000
Stamp Duty (Victoria)
$22,970
Transfer/Registration Fee
$1,192
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
$492,862

$27,862 on top of the price (6.0% 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

Based on the low end of the asking range, not a contract price.

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

Net yield
4.68%
Annual cashflow (pre-tax)
$-2,399
Interest cover (DSCR)
0.90
Annual rent
$28,756
Operating expenses
$6,975
Loan amount
$372,000
Annual interest
$24,180
Gross yield
6.18%

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$465,000–$495,000available21 Nov 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 $553/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 6.2%. 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

Carrum Downs in one glance

Carrum Downs at a glance

23,549

People

No data

Median sale

$553/wk

Median rent

No data

Suburb gross yield

See the full Carrum Downs report →

Keep researching

  • Why Carrum Downs? Read the area thesis →
  • What else is on the market in Carrum Downs →
  • Other records on Grnja Way →

Listing material

Listed by Eview Group

OPEN 18/05 CANCELLED DUE TO ILLNESS

This near new immaculate 2 bedroom, second storey unit is perfect for investors, first home buyers or down sizers looking for a low maintenance lifestyle. The home features its own private entry and single remote garage with internal access all on the ground floor. Then leading up the wide carpeted stairway you will find a spacious and bright living area and a beautiful open kitchen with timber veneer cabinetry, stainless steel appliances, including dishwasher and ample cupboard space.

The two large bedrooms both have a wall of built in robes and the main has a large bright ensuite. From the lounge room head through the sliding doors to the substantial, covered, north facing, private balcony/ outdoor entertaining area overlooking a park, ready for summer BBQs or relaxing reading a good book. The home also features split system air conditioning and heating, a store room near the front entry, extra storage cupboards in the garage, a private use back laneway way through to remote single garage, intercom to front door and a European laundry.

All this is located within close walking distance to schools, shops and public transport.

Read the full description

Features Include;

• 2 large bedrooms both with BIRs

• Floating shelves in the 2nd bedroom

• Tiled entry

• Full ensuite to main plus another full bathroom with bath

• Open plan lounge/kitchen with heaps of natural light

• Split system air conditioning and heating

• Down lights throughout

• European laundry

• Single car garage with large storage cupboards

• Pristine presentation that is sure to impress!

For any further information or to set up an inspection time please contact Damien Pusch on 0411 076 258.

Listing description written by Damien Pusch, Eview Group — reproduced as published, not verified by Districts.

Property features

  • Ensuites: 1
  • 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.