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VIC › Sunshine › Hampshire Rd

U503, 254 Hampshire Rd, Sunshine VIC 3020

For saleApartment

$520,000–$550,000

For sale

Asking range

2

Bedrooms

2

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $520,000–$550,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $520,000–$550,000(Listing record · 14 Aug 2025)
  • CalculationAsk is 40% 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 4.67% — 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

$520,000–$550,000

Asking range

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

-39.6%

Median sale

Suburb $860,500

+1.85 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

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

Purchase Price
$520,000
Stamp Duty (Victoria)
$26,270
Transfer/Registration Fee
$1,321
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
$551,291

$31,291 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 Sunshine's advertised median rent — not a rent for this listing.

Net yield
3.17%
Annual cashflow (pre-tax)
$-10,556
Interest cover (DSCR)
0.61
Annual rent
$24,284
Operating expenses
$7,800
Loan amount
$416,000
Annual interest
$27,040
Gross yield
4.67%

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$520,000–$550,000available14 Aug 2025

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 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

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 Hampshire Rd →

Listing material

Listed by Create Real Estate

APARTMENT IN THE HEART OF SUNSHINE - MASSIVE BALCONY

Available units: unit 307 (live in or investment) & 503 (investment only)

This 2 bedroom 2 bathroom apartment is awash with light and aching to be enjoyed. The open plan living area forms the centrepiece opening out through sliding doors onto the large alfresco balcony. The apartment features engineered timber flooring in living the area and the gourmet kitchen being highlighted with timber toned laminate cabinetry, reconstructed granite bench tops and splash back and with Bosch appliances and semi-integrated dishwasher and integrated refrigerator providing an impressive selection of standout finishes. Bedrooms are exquisitely carpeted and have mirrored sliding robe doors giving spacious storage. The apartment has a lavish ensuite attached to the master bedroom and the ensuite and bathroom feature semi-frameless shower screens, intricate tiling and brass finish fittings. Heating and cooling is provided by split system air-conditioners. All this comes with a bonus of a sensational communal rooftop terrace for an entertaining experience with 360-degree views. Security entrance and lift access are among the long list of features that make the "254 HAMPSHIRE" a superior place to live.

Superbly located in the center of Sunshine just 250 meters from the public transport hub of buses and Sunshine's train station (soon to be the Melbourne airport link hub), and just 13km or 25 minutes from Melbourne's CBD. Just a few meters to the newly developed pedestrian precinct in Hampshire Road and all general living amenities including supermarkets, cafes, restaurants, variety shops, banks, library, medical services, schools being close by and just a short drive to Sunshine's hospital.

Read the full description

Purchase your piece of booming Sunshine, one of Melbourne's fastest growing suburbs over the past few of years, and will continue to grow with Sunshine becoming the central hub for the airport rail link. Be part of this boutique development creating enduring spaces for future generations. Internal photos are 3D.

Discover what it means to live a life of convenience in a low maintenance area by contacting Brenda Ngan on 0435 152 545 for full details.

Listing description written by Brenda Ngan, Create Real Estate — reproduced as published, not verified by Districts.

Property features

  • Toilets: 2

Also look at

Also for sale in Sunshine

  • U206, 254 Hampshire Rd, Sunshine VIC 3020

    2-bed apartment. Asking $500K–$550K.

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  • U406, 254 Hampshire Rd, Sunshine VIC 3020

    2-bed apartment. Asking $466K.

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  • U306 & 406, 254 Hampshire Rd, Sunshine VIC 3020

    2-bed apartment. Asking $495K–$515K.

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  • U307, 254 Hampshire Rd, Sunshine VIC 3020

    2-bed apartment. Asking $480K–$500K.

    For sale
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.