Metung at a glance
1,912
People
$485,000
Median sale
$462/wk
Median rent
4.95%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
$840,000
Last sold
13 Nov 2023
3
Bedrooms
2
Bathrooms
2
Car spaces
732 m²
Land
Districts View
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
Last sold
$840,000
13 Nov 2023 · derived via latest_sale
Local land rate: recorded House sales in Metung (last 5 years) with land size have a median of $350/m² of land (n=27). Districts calculation from recorded sales — not a valuation.
Metung at a glance
1,912
People
$485,000
Median sale
$462/wk
Median rent
4.95%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
Vs Metung
+73.2%
Median sale
Suburb $485,000
-2.09 pp
Gross yield
Suburb 4.95%
Suburb median $485,000 from 18 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
LOW DENSITY RESIDENTIAL ZONE
LDRZ
Jurisdiction
East Gippsland
East Gippsland, VIC
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
VICZoned LOW DENSITY RESIDENTIAL ZONE · LDRZ (ZN). Official parcel area about 744 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Official parcel about 744 m² — land size can look like optionality. What reduces it: DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 11; VEGETATION PROTECTION OVERLAY - SCHEDULE 3; EROSION MANAGEMENT OVERLAY. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $462/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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. 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.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned LOW DENSITY RESIDENTIAL ZONE · LDRZ (ZN). Official parcel area about 744 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
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?
KnownlowOfficial parcel about 744 m² — land size can look like optionality. What reduces it: DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 11; VEGETATION PROTECTION OVERLAY - SCHEDULE 3; EROSION MANAGEMENT OVERLAY. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. 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
UnknownNo DA adapter returned applications 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
Metung at a glance
1,912
People
$485,000
Median sale
$462/wk
Median rent
4.95%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by RE/MAX GenesisWelcome to this impeccable three-bedroom, two-bathroom oasis that exemplifies the epitome of modern living. Nestled in the serene neighbourhood of Metung, this residence offers a truly exceptional lifestyle.
This home boasts an array of features, including ceiling fans and split systems that ensure a comfortable climate year-round. The industrial quality vinyl flooring lends an elegant touch, complementing the contemporary design. The double glazing on all windows and glass doors not only enhances energy efficiency but also provides a peaceful sanctuary by minimising outside noise.
Upon entering, you'll immediately appreciate the spacious and thoughtfully designed floor-plan that seamlessly blends elegance with functionality. The carefully curated interiors boast quality fittings and appliances, elevating both the aesthetics and convenience of your daily life.
A true highlight of this property is the impressive undercover alfresco outdoor area, where you can indulge in relaxation and entertainment. Complete with a charming wood fire, this space is a cozy haven year-round. As you unwind here, you'll be treated to breathtaking dual vistas – the soothing expanse of water, and the tranquil embrace of the tree canopy from the alfresco deck.
The open living area seamlessly flows into the well-appointed kitchen, making it an ideal space for hosting gatherings or simply enjoying everyday moments. The bedrooms are generously sized, providing a comfortable retreat for restful nights. The master bedroom features an en-suite bathroom, offering an additional touch of luxury.
PROPERTY FEATURES
* Split system x 3 (heating and cooling)
* Ceiling fans to bedrooms
* Plantation shutters to front of house, Roman blinds to bedrooms and living area
* Walk through pantry to garage
* Kitchen - induction cooktop, dual drawer dishwasher, soft closing drawers
* Stone to splash back and bench tops with waterfall sides
* Ethanol fireplace to living room and TV recess
* Dual shower heads, bidet and heated toilet seat in master ensuite
* Walk-in linen cupboard
* Fully integrated Robinhood ironing cupboard in kitchen
* Impressive laundry with soft close drawers and loads of bench and storage cabinetry
EXTRA FEATURES
* Double glazing throughout - windows and sliding doors
* Solar electricity 3.19kW
* Heat pump HWS
* Work-shed (10m x 5m) with large roller door to cater for large boat/caravan
* Power to work-shed and inbuilt work benches
* Industrial quality vinyl flooring to halls, kitchen and laundry, family toilet and bath - warmer and softer on feet - easy to clean
* Wired NBN
OUTSIDE FEATURES
* Caravan/boat parking at laundry door on synthetic grass
* Garden bed edging in brick and stone
* Mature ornamental pears, weeping cherry blossom trees
* Recycled hardwood fencing
Convenience meets beauty with the property's proximity to Metung Village. Explore charming local shops, dine at exquisite eateries, or take leisurely strolls along the picturesque streets. Whether you're seeking relaxation, adventure, or a perfect blend of both, this property effortlessly delivers.
Don't miss the opportunity to make this exquisite property your own. Experience the allure of coastal living, embrace the serenity of nature, and revel in the luxury of a well-designed home. Arrange a viewing today and discover the potential for an extraordinary lifestyle in Metung Village.
Call DANIEL SCHOEMAN on 0417 824 769 for a private viewing.
_________________________________________________________
Due Diligence Checklist
What you need to know before buying a residential property. Before you buy a home, you should be aware of a range of issues that may affect that property and impose restrictions or obligations on you, if you buy it. This checklist aims to help you identify whether any of these issues will affect you. The questions are a starting point only and you may need to seek professional advice to answer some of them. You can find links to organisations and web pages that can help you learn more, by visiting the due diligence checklist page on the Consumer Affairs Victoria website (consumer.vic.gov.au/duediligencechecklist).
Disclaimer: All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy, and interested persons should rely on their own enquiries.
*Please note that the image indicating the boundary lines is an estimate only. The actual boundary lines for this property are provided in the Section 32 / Vendor Statement.
Listing description written by Daniel Schoeman, RE/MAX Genesis — reproduced as published, not verified by Districts.