Wallan at a glance
17,240
People
$615,000
Median sale
$520/wk
Median rent
4.40%
Suburb gross yield
Median sale from 74 recorded sales (last 12 months) — a Districts calculation.
VIC › Wallan › Basil Drive Springridge Estate
$572,885
For sale
Asking
3
Bedrooms
2
Bathrooms
2
Car spaces
350 m²
Land
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
$572,885
Asking · $1,637/m² of land
No recorded sale for this property.
Wallan at a glance
17,240
People
$615,000
Median sale
$520/wk
Median rent
4.40%
Suburb gross yield
Median sale from 74 recorded sales (last 12 months) — a Districts calculation.
Vs Wallan
-6.8%
Median sale
Suburb $615,000
+0.32 pp
Gross yield
Suburb 4.40%
Suburb median $615,000 from 74 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$34,586 on top of the price (6.0% 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.
Pre-filled with Wallan'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 $520/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
Wallan at a glance
17,240
People
$615,000
Median sale
$520/wk
Median rent
4.40%
Suburb gross yield
Median sale from 74 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by KingsbridgeAn easy drive north of Melbourne, it’s your chance to get away from it all but still stay connected. You could be part of a neighbourhood that’s created around the enjoyment of outdoor space, with landscaped reserves, meandering creeks and a myriad of walking trails. This is the time to swap your dreams for the real thing at Springridge.
Located close enough to the all the established amenity of Wallan, but far enough from the hustle and bustle of the town centre and the noise of the Hume Hwy and train line – providing a quiet, serene place to call home.
Introducing the sleek "Newcastle" floorplan, where modernity meets convenience. This layout features three bedrooms, including a master suite with a walk-in robe and ensuite. Additional amenities include a separate bathroom for guests. The kitchen boasts an island bench, seamlessly integrated into the open-plan living and dining areas, ideal for entertaining. Plus, a double-car garage offers practical parking solutions. With its stylish design and functional layout, the "Newcastle" floorplan is perfect for contemporary living.
With Kingsbridge Homes, prepare to be impressed by our exceptional standard inclusions. Our homes come equipped with:
- Elegant 20mm edge stone benchtops in both the kitchen and bathrooms.
- Your choice of timber look laminate or tiled flooring to living areas
- High-quality 900mm European kitchen appliances for culinary enthusiasts.
- Energy-efficient LED downlights throughout the home.
- Soft close and flush pull cabinets, adding a touch of luxury to your living spaces.
- Your preference of chrome or black fixtures, tailored to your taste.
- Privacy locks installed to bathroom, ensuite, powder room and the master bedroom.
- A stylish coloured concrete driveway.
- Split System Cooling To Living Area
- Complete landscaping to enhance your outdoor living.
- A 600mm dishwasher, including all necessary connections.
- Elevated 2,590mm ceilings, adding grandeur to your home.
- Block out roller blinds for privacy and comfort.
- Luxurious freestanding acrylic bath (Design specific).
- Shower niche to the master ensuite and bathroom.
- Double glazing throughout to all glass windows and sliding doors.
And that's just the beginning! Contact us now to discover the full range of inclusions with our free buyers information pack. Arrange a visit to our display homes to experience the Kingsbridge difference first-hand.
Please note: Images are for illustrative purposes only.
Listing description written by Michelle Guselev, Kingsbridge — reproduced as published, not verified by Districts.