Cheltenham at a glance
26,278
People
$1,325,000
Median sale
$655/wk
Median rent
2.57%
Suburb gross yield
Median sale from 19 recorded sales (last 24 months) — a Districts calculation.
VIC › Cheltenham › Tulip Grove
$730,000–$800,000
For sale
Asking range
2
Bedrooms
1
Bathrooms
2
Car spaces
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
$730,000–$800,000
Asking range
No recorded sale for this property.
Cheltenham at a glance
26,278
People
$1,325,000
Median sale
$655/wk
Median rent
2.57%
Suburb gross yield
Median sale from 19 recorded sales (last 24 months) — a Districts calculation.
Vs Cheltenham
-44.9%
Median sale
Suburb $1,325,000
+2.10 pp
Gross yield
Suburb 2.57%
Suburb median $1,325,000 from 19 recorded sales (last 24 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$44,382 on top of the price (6.1% extra)
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.
Based on the low end of the asking range, not a contract price.
Pre-filled with Cheltenham's advertised median rent — not a rent for this listing.
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.
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 $655/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.
Gross yield if leased at the suburb aggregate is 4.7%. 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
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
Cheltenham at a glance
26,278
People
$1,325,000
Median sale
$655/wk
Median rent
2.57%
Suburb gross yield
Median sale from 19 recorded sales (last 24 months) — a Districts calculation.
Listing material
Listed by Eleven North Property GroupSecure your place in the tightly held Pennydale Estate with this spacious two-bedroom villa offering comfortable living today and exciting scope to update and add value over time. Nestled in one of Cheltenham's most sought-after pockets, this is an outstanding opportunity for first home buyers, downsizers and savvy investors alike.
Filled with natural light, the home features generous open-plan living and dining, complemented by a well-appointed kitchen with ample storage and plenty of bench space. Both bedrooms are generously proportioned with built-in robes and are serviced by a central bathroom with separate shower and bath, plus the convenience of a separate WC and a full-sized laundry with direct outdoor access.
Step outside to discover a private rear courtyard offering plenty of room to entertain, relax in the sunshine or create your own garden sanctuary. A secure garage, plus additional off-street parking, adds everyday practicality.
Comfortable as is and ready to enjoy, this well-maintained home also presents an excellent opportunity to modernise and personalise to suit your own style in a location where future improvements will be well rewarded.
Enjoy easy access to Southland Station via the nearby pedestrian pathway, Westfield Southland's shopping, dining and entertainment precinct, the new Suburban Rail Loop, local parks, quality schools and the beautiful Bayside coastline, all just moments away.
Opportunities to secure a home in this tightly held neighbourhood are increasingly rare. Don't miss your chance to enjoy the lifestyle, convenience and long-term appeal.
For more information or to arrange an inspection, contact Jerry Yeghichian at Eleven North on 0403 042 227
PLEASE NOTE:
Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent.
Eleven North Property Group requires full contact information with all enquiries and reserves the right to refuse to provide information if full contacts details are not provided.
Listing description written by Jerry Yeghichian, Eleven North Property Group — reproduced as published, not verified by Districts.