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VIC › Flora Hill › Neale St

109 Neale St, Flora Hill VIC 3550

For saleHouse for Sale

$525,000–$560,000

For sale

Asking range

3

Bedrooms

1

Bathrooms

2

Car spaces

550 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $525,000–$560,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $525,000–$560,000(Listing record · 11 May 2026)
  • FactLand 550 m²; no building size recorded.(Property record)
  • CalculationAsk is 17% below the Flora Hill median recorded sale ($635,000, n=40, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Flora Hill's advertised median rent ($460/wk), implied gross yield would be 4.56% — 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

$525,000–$560,000

Asking range · $955/m² of land

No recorded sale for this property.

Flora Hill at a glance

4,040

People

$635,000

Median sale

$460/wk

Median rent

3.77%

Suburb gross yield

Median sale from 40 recorded sales (last 12 months) — a Districts calculation.

See the full Flora Hill report →

Vs Flora Hill

-17.3%

Median sale

Suburb $635,000

+0.79 pp

Gross yield

Suburb 3.77%

Suburb median $635,000 from 40 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
$525,000
Stamp Duty (Victoria)
$26,570
Transfer/Registration Fee
$1,333
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
$556,603

$31,603 on top of the price (6.0% 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 Flora Hill's advertised median rent — not a rent for this listing.

Net yield
3.06%
Annual cashflow (pre-tax)
$-11,255
Interest cover (DSCR)
0.59
Annual rent
$23,920
Operating expenses
$7,875
Loan amount
$420,000
Annual interest
$27,300
Gross yield
4.56%

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$525,000–$560,000available11 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 $460/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 4.6%. 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

Flora Hill in one glance

Flora Hill at a glance

4,040

People

$635,000

Median sale

$460/wk

Median rent

3.77%

Suburb gross yield

Median sale from 40 recorded sales (last 12 months) — a Districts calculation.

See the full Flora Hill report →

Keep researching

  • Why Flora Hill? Read the area thesis →
  • What else is on the market in Flora Hill →
  • Other records on Neale St →

Listing material

Listed by PH Property

Timeless Charm with Exceptional Potential

Brimming with character and solid craftsmanship, this classic red brick home with terracotta roof offers a warm and inviting feel, there's a flexible floor plan, a generous corner allotment with plenty of scope to enhance over time. From the moment you step inside, the high ceilings, timber windows and traditional features create a sense of charm that's increasingly hard to find.

The layout is both practical and flexible, there's a comfortable lounge leading through to a large dining room, complete with a working gas heater. Sliding doors allow you to separate the living zones, the front lounge could so be utilised a third or fourth bedroom with some handy work. The dining room offers a functional air conditioner and multiple ceiling fans ensure comfort throughout the seasons, while original sash windows add to the home's classic appeal.

The kitchen remains in its original condition, featuring linoleum flooring, ample cabinetry, a gas bench top cooker and oven, single sink, all offering a great opportunity for those looking to modernise while retaining the home's character.

Read the full description

Accommodation includes two well-proportioned bedrooms and a smaller third bedroom or sleepout located at the rear of the home, just off the rear verandah. The main bedroom is generously sized, featuring four wardrobes, carpet, and a ceiling fan. The second bedroom is also a good size with carpet and a ceiling fan, while the third bedroom includes louvre windows, making it an ideal workspace or additional bedroom.

The bathroom is tiled and partially-updated, equipped with a shower, vanity and toilet.

The semi-enclosed undercover area offers the perfect spot to relax. It adjoins the laundry area which features a second shower as well as trough, washing machine, and built-in cupboard. There is also a second toilet.

Outside, the corner lot provides easy access to a rear shed with a concrete floor, along with a carport positioned in front. The yard offers a combination of low-maintenance synthetic grass along the side and natural grass at the rear, plus a small water tank connected to the guttering. The hot water system has also been recently replaced.

Positioned an easy walk to Bendigo's CBD, Kennington Village and LaTrobe Uni, plus it is a solid home with great bones and classic features, this property presents an excellent opportunity for a multitude of different buyers. You're buying location, character and convenience, enquire now.

Listing description written by Brad Hinton, PH Property — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Living Areas: 1
  • Toilets: 1
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.