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VIC › Trentham › Mulcahys Rd

108 Mulcahys Rd, Trentham VIC 3458

For saleHouse for Sale

$1,085,000–$1,140,000

For sale

Asking range

4

Bedrooms

1

Bathrooms

6

Car spaces

10,620 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,085,000–$1,140,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,085,000–$1,140,000(Listing record · 1 May 2026)
  • FactLand 10,620 m²; no building size recorded.(Property record)
  • CalculationAsk is 28% above the Trentham median recorded sale ($850,000, n=39, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Trentham's advertised median rent ($386/wk), implied gross yield would be 1.85% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$1,085,000–$1,140,000

Asking range · $102/m² of land

No recorded sale for this property.

Trentham at a glance

1,551

People

$850,000

Median sale

$386/wk

Median rent

2.36%

Suburb gross yield

Median sale from 39 recorded sales (last 12 months) — a Districts calculation.

See the full Trentham report →

Vs Trentham

+27.6%

Median sale

Suburb $850,000

-0.51 pp

Gross yield

Suburb 2.36%

Suburb median $850,000 from 39 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$1,085,000
Stamp Duty (Victoria)
$59,675
Transfer/Registration Fee
$2,643
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,151,018

$66,018 on top of the price (6.1% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

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.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Trentham's advertised median rent — not a rent for this listing.

Net yield
0.35%
Annual cashflow (pre-tax)
$-52,623
Interest cover (DSCR)
0.07
Annual rent
$20,072
Operating expenses
$16,275
Loan amount
$868,000
Annual interest
$56,420
Gross yield
1.85%

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.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$1,085,000–$1,140,000available1 May 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $386/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 1.8%. 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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Trentham in one glance

Trentham at a glance

1,551

People

$850,000

Median sale

$386/wk

Median rent

2.36%

Suburb gross yield

Median sale from 39 recorded sales (last 12 months) — a Districts calculation.

See the full Trentham report →

Keep researching

  • Why Trentham? Read the area thesis →
  • What else is on the market in Trentham →
  • Other records on Mulcahys Rd →

Listing material

Listed by Harkin Estate Agents

Ultimate Tree-Change Opportunity with Subdivision Upside (STCA) 108 MULCAHYS ROAD, TRENTHAM

Ultimate Tree-Change Opportunity with Subdivision Upside (STCA)

108 MULCAHYS ROAD, TRENTHAM

Escape the rush and secure your piece of regional Victoria’s most prestigious lifestyle pocket.

Read the full description

Perfectly positioned on approximately 2.619 acres, this picturesque property seamlessly blends absolute country serenity with lucrative future potential. Backing directly onto the iconic Wombat State Forest rail trail, this is more than just a home—it is an investment in your lifestyle and your financial future.

Subdivision Potential (STCA): A rare, 2.619 acres of land offering a golden opportunity to subdivide, develop, or land-bank for future rewards.

Dual Income / Multi-Gen Living: Features a completely separate granny flat—perfect for a teenagers' retreat, guest house, rental/Airbnb income.

Direct Forest Access: Your back gate opens straight onto the Wombat State Forest rail trail for instant walking, cycling, and wildlife viewing.

Eco-Friendly Efficiency: Equipped with solar power to cut your electricity bills.

Water Independence: with on-site water tanks , and a rare, functional brick lined water well. But also, town water connected

Ready for Country Life: Massive shedding for your tools, boats, or caravan, alongside established gardens and fruit trees with the region's famous fertile red soil.

Self-Sufficiency : Grow your own produce , enjoy room for a pony or two

Unbeatable Location: Enjoy the peace of regional acreage without the isolation, being only 1 km to the town centre. famous for its artisan bakeries, award-winning dining, and cool-climate charm. , with Daylesford, Kyneton, Woodend, and, Ballarat , Bendigo and Melbourne all within easy reach

Set on a picturesque stretch of Mulcahy's Road, this inviting Trentham property offers a lifestyle that feels both grounded and quietly levelled. Positioned on approximately 3 acres, the property only delivers space and privacy but also presents exciting future potential, with subdivision possibilities (STCA). Surrounded by rolling countryside and established greenery, the home sits comfortably within its landscape, creating a sense of seclusion while remaining just minutes from the heart of town. It’s the kind of setting that immediately slows your pace — where mornings begin with fresh country air and evenings settle into complete stillness.

Inside, the home balances warmth and functionality, designed to suit both everyday living and relaxed entertaining. Natural light filters through well-positioned windows, enhancing the connection between indoors and out, while the layout provides flexibility for families, weekenders, or those seeking a peaceful regional escape. Whether it’s gathering around the kitchen, unwinding in the living spaces, or opening up to the surrounding grounds, the home feels easy to live in from the moment you arrive.

Outdoors, the property is well-equipped for a true country lifestyle, featuring ample shedding, water tanks, established fruit trees, and a water well. A separate granny flat offers additional accommodation or income potential, with scope for renovation to add further value. Adding to its appeal, the property backs directly onto the rail trail within the Wombat State Forest, offering immediate access to walking, cycling, and nature at your doorstep. Beyond the property, the township of Trentham continues to be one of regional Victoria’s most sought-after lifestyle destinations, known for its charming village feel, thriving food scene, and cool-climate gardens. With easy access to Daylesford, Kyneton, Woodend, and Melbourne, this is a location that perfectly complements the relaxed yet connected lifestyle on offer.

Don't miss this wonderful large open space opportunity and organise an Inspection

Call Frances Today 0425 766 799

Listing description written by Frances Harkin, Harkin Estate Agents — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Broadband
  • Built-in Robes
  • Courtyard
  • Dishwasher
  • Floorboards
  • Fully Fenced
  • Living Areas: 2
  • Outdoor Entertaining
  • Rumpus Room
  • Shed
  • Solar Hot Water
  • Solar Panels
  • Study
  • Toilets: 2
  • Water Tank
  • Workshop
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.