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 › Parkinsons Rd
$1,160,000
Last sold
15 Dec 2023
3
Bedrooms
1
Bathrooms
10
Car spaces
9,718 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
$1,160,000
15 Dec 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
+45.4%
Median sale
Suburb $797,750
-1.01 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 JunctionWelcome to your rural oasis on this sprawling almost 2.5 acre hobby farm! Here, you can unwind in the tranquility of nature and explore the endless possibilities this property has to offer. Whether you're an experienced farmer or just starting out, this space provides the ideal mix of serenity and space to make it your own.
The home provides an open concept design with the kitchen seamlessly flowing into the living area providing a great space for family connectedness. With a large island bench and the walk-in-pantry – entertaining is a breeze! A separate formal lounge room with a cozy fireplace is the perfect retreat for parents with an additional informal lounge is a great living space for the family. There are three bedrooms, including a spacious main bedroom with a walk-in robe, and two other bedrooms with built-in robes. With a layout designed for both comfort and functionality, this is a space to call home. The home is kept ambient year-round with split system temperature control.
Need extra space for guests, a home office, or a place for some peace and quiet? Look no further! The separate van home offers open-plan living, a well-appointed kitchen, and two generous bedrooms. Its wraparound verandah and large decking area invite you to unwind and enjoy the sun. A sparkling pool sits between the main house and van home and promises endless summer fun for family and friends.
Animal lovers will be thrilled with the existing stables, barn-style storage, and five fenced paddocks with easy access to shedding. The property is a haven for your four-legged friends, offering ample storage for hay, food, wood storage and all your equine essentials. Embrace sustainable living with your very own vegetable gardens and fruit trees, providing fresh produce at your doorstep. A chook shed completes this picture of farm-to-table living. There are five 25,000L water tanks servicing the property.
A spacious carport connects the house and provides storage for your farming equipment. A functional garage, separate workshop, spray booth, storage room, and space for a caravan ensure all your storage needs are met.
This unique property makes the most of every inch, creating a functional farmlet with a small creek meandering along the boundary. Nature's beauty is at your doorstep. Seize this opportunity to live the country dream. Don't miss out on your slice of hobby farm paradise. Contact us today to make this exceptional property yours! 03 5967 1800
FURTHER CONTACT
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Listing description written by Ashleigh Hall, Professionals Andrew McMath Yarra Junction — reproduced as published, not verified by Districts.