Coburg North at a glance
8,843
People
$939,250
Median sale
$543/wk
Median rent
3.01%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
VIC › Coburg North › Gaffney St
$991,000
Last sold
29 June 2026
3
Bedrooms
1
Bathrooms
3
Car spaces
522 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
$991,000
29 June 2026 · derived via latest_sale
Local land rate: recorded House sales in Coburg North (last 5 years) with land size have a median of $2,013/m² of land (n=39). Districts calculation from recorded sales — not a valuation.
Coburg North at a glance
8,843
People
$939,250
Median sale
$543/wk
Median rent
3.01%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
Vs Coburg North
+5.5%
Median sale
Suburb $939,250
-0.16 pp
Gross yield
Suburb 3.01%
Suburb median $939,250 from 34 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
TRANSPORT ZONE 2 - PRINCIPAL ROAD NETWORK
TRZ2
Jurisdiction
Merri-bek
Merri-bek, 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 TRANSPORT ZONE 2 - PRINCIPAL ROAD NETWORK · TRZ2 (ZN). Official parcel area about 523 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. The listing may look cheap relative to land or the street. What reduces it: DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 1. This overlay can reduce what the land size appears to promise. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $543/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 TRANSPORT ZONE 2 - PRINCIPAL ROAD NETWORK · TRZ2 (ZN). Official parcel area about 523 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?
KnownlowThe listing may look cheap relative to land or the street. What reduces it: DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 1. This overlay can reduce what the land size appears to promise.
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
Coburg North at a glance
8,843
People
$939,250
Median sale
$543/wk
Median rent
3.01%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White CoburgRaphael Houston proudly presents...
Occupying a substantial 522sqm allotment approximately within a commercially zoned precinct, this Coburg North property presents a rare opportunity where land value, flexibility and future potential align within one of the inner north's evolving urban corridors.
Positioned on a broad site with right of way access, the property offers immediate appeal for buyers seeking long term investment, commercial redevelopment or adaptive reuse potential.
The existing residence provides scope for renovation or continued occupation, while the commercial zoning introduces the possibility for future office, warehouse or factory redevelopment, subject to relevant approvals. Importantly, any future rebuild would require a commercial outcome rather than new residential construction, reinforcing the site's strategic long term positioning within the precinct.
Surrounded by ongoing public and private investment, the site occupies a position where industrial character, residential growth and infrastructure expansion continue to reshape the surrounding landscape.
Its unique location on the cusp of Gaffney Street shops is ideal for commercial and residential use, further improved by close proximity to Sydney Road, Bell Street and the M2. Excellent local connections place Coburg Station, Coburg Lake, Harmony Park and the leisure centre within moments of the door.
Highlights :
522sqm approximately
Commercial zoning
Potential for future office or factory redevelopment
Existing residence with renovation potential
Rear right of way access
Broad site dimensions
Extensive hardstand and open areas
Multiple access points throughout the property
Separate bungalow or studio structure
Workshop and storage space at rear
Positioned within a transforming commercial precinct
Significant long term investment potential
All property information has been provided to Ray White by third parties. While Ray White strives for accuracy, we have not verified this information and do not guarantee its accuracy or completeness. Interested parties should conduct their own inquiries regarding this property.
Listing description written by Raphael Calik-Houston, Ray White Coburg — reproduced as published, not verified by Districts.