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VIC › Cobram › Packham Dr

1 Packham Dr, Cobram VIC 3644

For saleHouse for Sale

$995,000–$1,050,000

For sale

Asking range

4

Bedrooms

3

Bathrooms

3

Car spaces

1,526 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $995,000–$1,050,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $995,000–$1,050,000(Listing record · 13 Aug 2026)
  • CalculationLand 1,526 m² against a 344 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationAsk is 173% above the Cobram median recorded sale ($365,000, n=80, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Cobram's advertised median rent ($454/wk), implied gross yield would be 2.37% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

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

$995,000–$1,050,000

Asking range · $652/m² of land

No recorded sale for this property.

Cobram at a glance

6,315

People

$365,000

Median sale

$454/wk

Median rent

6.47%

Suburb gross yield

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

See the full Cobram report →

Vs Cobram

+172.6%

Median sale

Suburb $365,000

-4.10 pp

Gross yield

Suburb 6.47%

Suburb median $365,000 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
$995,000
Stamp Duty (Victoria)
$54,725
Transfer/Registration Fee
$2,433
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
$1,055,858

$60,858 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

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

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

Net yield
0.87%
Annual cashflow (pre-tax)
$-43,057
Interest cover (DSCR)
0.17
Annual rent
$23,608
Operating expenses
$14,925
Loan amount
$796,000
Annual interest
$51,740
Gross yield
2.37%

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$995,000–$1,050,000available13 Aug 2026

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 $454/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 2.4%. 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

Cobram in one glance

Cobram at a glance

6,315

People

$365,000

Median sale

$454/wk

Median rent

6.47%

Suburb gross yield

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

See the full Cobram report →

Keep researching

  • Why Cobram? Read the area thesis →
  • What else is on the market in Cobram →
  • Other records on Packham Dr →

Listing material

Listed by Andrew Jenkins & Co

Spacious Family Living with Endless Possibilities

An exceptional opportunity to secure a spacious near-new family home on an impressive 1,526m² block, offering plenty of room both inside and out.

Thoughtfully designed for modern family living, this substantial property is ideal for large, blended or extended families, with the flexibility to easily configure the home to create five bedrooms or more if required.

Currently offering four generous bedrooms, including two master suites, two dedicated study/home office spaces, three bathrooms, additional powder room and an additional outdoor toilet, the home provides an incredible level of space, flexibility and convenience.

Read the full description

Open-plan living area, where a gourmet kitchen, dining and main lounge seamlessly come together. The kitchen features Caesarstone benchtops with waterfall edges, a large gas cooktop, oven, dishwasher and a spacious butler's pantry complete with double sink and extensive storage.

The generous floorplan continues with multiple living zones, including a formal lounge at the front of the home and a separate activity/family room, providing plenty of space for everyone to spread out, relax, work or entertain.

Comfort and style have been carefully considered throughout, with stunning sheer curtains, ceiling fans and refrigerated reverse-cycle air conditioning throughout.

Storage will never be an issue, with a spacious walk-in linen cupboard and excellent storage throughout the kitchen, bedrooms and activity room. A comprehensive seven-camera security system also provides added peace of mind.

Outside and the home's entertaining appeal really comes to life. The impressive undercover outdoor kitchen is perfectly equipped for gatherings, featuring automatic café-style blinds, gas cooktop, rangehood, double sink and stone benchtops.

The property also features a 5m x 5m Colorbond shed, providing excellent additional storage or workshop space. Additonal undercover carport, outdoor toilet and convenient rear access via the side of the property. The spacious double garage, complete with a single roller door offering additional access, further enhances the home's practicality and functional

Whether you're looking for room for a growing family, need space for teenagers and extended family, or simply want a home that gives everyone their own space, this property delivers.

Homes offering this level of space, flexibility and functionality are rarely found. An inspection is essential to truly appreciate the scale and quality this property has to offer.

These details have been prepared to assist solely in the marketing of this property. While all care has been taken to ensure the information herein is correct, we do not take responsibility for any inaccuracies. Accordingly all interested parties should make their own enquiries to verify the information.

Property Code: 5380

Listing description written by Amanda Ramsay, Andrew Jenkins & Co — reproduced as published, not verified by Districts.

Property features

  • Shed
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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.