Launching Place at a glance
2,476
People
$797,750
Median sale
$496/wk
Median rent
3.23%
Suburb gross yield
Median sale from 38 recorded sales (last 12 months) — a Districts calculation.
VIC › Launching Place › Wickhams Rd
$870,000
Last sold
11 Mar 2023
5
Bedrooms
3
Bathrooms
4
Car spaces
10,117.141 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
$870,000
11 Mar 2023 · derived via latest_sale
Local land rate: recorded House sales in Launching Place (last 5 years) with land size have a median of $518/m² of land (n=97). Districts calculation from recorded sales — not a valuation.
Launching Place at a glance
2,476
People
$797,750
Median sale
$496/wk
Median rent
3.23%
Suburb gross yield
Median sale from 38 recorded sales (last 12 months) — a Districts calculation.
Vs Launching Place
+9.1%
Median sale
Suburb $797,750
-0.27 pp
Gross yield
Suburb 3.23%
Suburb median $797,750 from 38 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 $496/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
Launching Place at a glance
2,476
People
$797,750
Median sale
$496/wk
Median rent
3.23%
Suburb gross yield
Median sale from 38 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Professionals Andrew McMath Yarra JunctionLooking for a large family home or more space? Well, this five bedroom immaculately presented home set in an idyllic location will tick all the boxes!
The floorplan is fabulous, the mountain views are divine, and you have plenty of space to relax and take in the fresh country air. The property backs onto farmland and there is loads of space for the kids to run and play, to have pets and be a tiny bit self-sufficient with a chook pen, fruit trees and veggie garden.
The home is beautifully presented and incorporates a stylish light filled kitchen, study nook off the hallway, lounge room with polished floorboards, wood heating, a split system unit, and ducted evaporative cooling. The second large living area has access onto the verandah which encompasses a large undercover deck area which is ideal for a cuppa break. This area overlooks the nearby mountain ranges, farmland and established gardens which play host to the local wildlife including echidnas, kangaroos, and array of birds.
There are three bedrooms located at one end of the home and all have built in robes. They are adjacent to the family bathroom, separate toilet, and laundry. The main bedroom is located separately and includes a walk-in robe and access to a deck and ensuite. There is a further room which could double as a fifth bedroom, nursery, or study.
Downstairs offers a further space with a built-in kitchenette/bar area that could double as a rumpus room or teenage accommodation. Outside offers just under three beautiful acres (10,117m2 approx.) to enjoy which has a mixture of lawn and treed sections, cottage, and native style gardens as well as loads of shedding. There is a circular driveway, double carport, fabulous lock up double garage with concrete flooring and power. There are garden sheds and a woodshed, tanks to water the gardens and loads of room to park cars, boats etc.
This fabulous package is located close to the local bus stop and convenience store, the primary school, kinder, sporting grounds and playgrounds are a short drive away.
So, book an inspection or attend one of our open homes. It's a great time to upsize and make that move!
FURTHER CONTACT
By enquiring on or inspecting this property, you agree to receive further marketing information from us about other properties. To opt out of this, please contact our office on 5967 1800.
Listing description written by Ashleigh Hall, Professionals Andrew McMath Yarra Junction — reproduced as published, not verified by Districts.