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This property has been sold for $460,000 on 1 Apr 2026
35 days on market
PropRadar's estimate today
$500,465
Range $436,703 to $547,640
Estimated rent $605 per week
Our own model, free and instant, from comparable sales near this property. Not yet confirmed against outside sources.
Market context at sale
Asking Price
$455,000 - $465,000
Provider valuations aren't available for sold properties. The estimate above is PropRadar's own read on what it would be worth today.
Property overview
This 2-bedroom apartment at 405/7 Balcombe Road in Mentone, VIC 3194 sold for $460K in March 2026, with 2 bathrooms and parking for 1. It offers 68 m2 of internal living space. Mentone sits about 21 km from the CBD, where the median unit price is $675K. 34 schools sit within about 5km, and the area scores 69 for walkability and 100 for transit out of 100.
More in Mentone
For sale now
- 104/7 Balcombe RoadApartment · 2 bed · 2 bath$525,000 - $555,000
- 9/39 Milan StreetApartment · 1 bed · 1 bath$410,000 - $450,000
- 5/11 Kelso StreetApartment · 1 bed · 1 bath$395,000 - $425,000
- 3/2-4 Davies StreetApartment · 1 bed · 1 bath$490,000 - $515,000
Recently sold nearby
A plain-language read on this listing (Strong, Monitor or Caution) drawn from its asking price, valuation gap, yield and suburb trend.
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Based on $465,000 asking signal.
Signals use available listing and suburb data. They are not personal financial advice.
Listed
Updated
Days on market
35
Investment Score
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Mentone at a glance
Unit market signals | VIC 3194
Median
$675K
Market signals
To CBD
21 km
Est. Valuation
$490,367
Potential Sell Price
Est. Rent/wk
$572
Potential Gross Yield
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Addresses, sold dates, days on market, sold vs asking spreads, plus the subject vs median verdict for each row.
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Key Highlights
Subdivision & Development Potential
Indicative assessment only. Consult your local council planning department for definitive subdivision information.
Total Cost to Purchase
- Purchase Price
- $465,000
- Stamp Duty (Victoria)
- $22,970
- Transfer/Registration Fee
- $1,500
- Legal & Conveyancing (est.)
- $2,000
- Building & Pest Inspection (est.)
- $700
- Total Cash Required
- $492,170
Estimates only. Assumes investment property, standard rates. Verify with your conveyancer.
Listing Details
- Density
- High Density
- Listed
- Last Updated
- Postcode
- 3194
- Original listing
- Original listing is on paid plans
Your Notes
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Positive cashflow properties under $500K in Australia
Where rent actually covers the mortgage at current rates, and the trade-offs you accept.
Auction vs private sale: which gets sellers a better price
14,000 matched sales by sale method, state, and property type. How far above guide to budget.
How accurate are AU property valuations?
Four providers benchmarked against 14,000 sold prices. MAE 6.82% to 11.24%, all biased high.
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