Marong at a glance
2,165
People
$677,500
Median sale
$481/wk
Median rent
3.69%
Suburb gross yield
Median sale from 22 recorded sales (last 12 months) — a Districts calculation.
VIC › Marong › Merrion St
$610,000
Last sold
24 Nov 2023
3
Bedrooms
2
Bathrooms
2
Car spaces
659 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
Last sold
$610,000
24 Nov 2023 · derived via latest_sale
Local land rate: recorded House sales in Marong (last 5 years) with land size have a median of $914/m² of land (n=119). Districts calculation from recorded sales — not a valuation.
Marong at a glance
2,165
People
$677,500
Median sale
$481/wk
Median rent
3.69%
Suburb gross yield
Median sale from 22 recorded sales (last 12 months) — a Districts calculation.
Vs Marong
-10.0%
Median sale
Suburb $677,500
+0.41 pp
Gross yield
Suburb 3.69%
Suburb median $677,500 from 22 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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 $481/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.
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
Marong at a glance
2,165
People
$677,500
Median sale
$481/wk
Median rent
3.69%
Suburb gross yield
Median sale from 22 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by McKean McGregor McKean McGregorProperty Inspections by appointment.
Light and bright living in family friendly Marong, just minutes to local schools, Marong Hotel and reserve this is a highly desirable location ideal for first home buyers, investors or down-sizers. Enjoying large bedrooms, multiple living areas and landscaped garden surrounds all in the heart of a growing community.
- Located in family friendly Marong; just minutes drive to local schools, shops and local bushland walking tracks
- Multiple living spaces both indoors and out, providing flexible options
- Lush landscaped garden surrounds
Ideally located in the growing community of Marong and surrounded by quality built homes, the home is situated just 20 minutes from the Bendigo CBD and just a stones throw to local primary schools, hotel, bushland walking tracks and sporting reserve. A move-in ready property, perfect for a young family or down-sizers wanting a peaceful lifestyle in a great community. This beautifully presented home is bright throughout, filled with contemporary finishes and fantastic living and entertaining options.
Welcoming gardens offer street appeal and lead into the wide tiled entry hallway with secure access from the double garage. The master bedroom is found at the front of the home including, walk in robe and generous ensuite bathroom with neutral modern palette. The lounge room follows, providing great options as a parents retreat, play space or studio separate from the main living.
The light-filled living and dining at the rear offers plenty of space for the family to gather and glass sliding doors provide access to the rear yard and extensive covered alfresco. Island bench, stainless steel appliances and ample built in storage solutions make the kitchen a great asset at the heart of the home.
The bedroom wing, off a side hallway includes two further bedrooms, generous in size and all with built in robes. Servicing this area is a three piece family bathroom, separate toilet and full laundry with side yard access.
A wrap around rear yard is an urban oasis, featuring expansive lawn area framed in established garden bed planting creating a peaceful retreat. Plenty of usable space there is opportunity to make it your own with space to add shedding and has the scope to increase current single gate side access to double gate access.
Additional features:
- Ducted gas heating
- Split system units in master and main living
- Ceiling fans throughout
- Stone bench-tops in kitchen
- Stainless steel appliances; 5 burner gas cooktop, 900mm oven and dishwasher
- Garden shed
- Yard irrigation
- Security doors
- Vegetable garden beds
Disclaimer: All property measurements and information has been provided as honestly and accurately as possible by McKean McGregor Real Estate Pty Ltd. Some information is relied upon from third parties. Title information and further property details can be obtained from the Vendor Statement. We advise you to carry out your own due diligence to confirm the accuracy of the information provided in this advertisement and obtain professional advice if necessary. McKean McGregor Real Estate Pty Ltd do not accept responsibility or liability for any inaccuracies.
Listing description written by Bec Allen, McKean McGregor McKean McGregor — reproduced as published, not verified by Districts.