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VIC › Strathdale › Lillie Ln

12 Lillie Ln, Strathdale VIC 3550

For saleLand

$550,000–$600,000

For sale

Asking range

$335,000

Last sold

27 Jan 2021

0

Bedrooms

0

Bathrooms

0

Car spaces

828 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $550,000–$600,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $550,000–$600,000(Listing record · 28 Feb 2024)
  • FactLand 828 m²; no building size recorded.(Property record)
  • CalculationRecorded Land sales in Strathdale (last 5 years) with land size: median $547/m² of land (n=8). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 25% below the Strathdale median recorded sale ($735,000, n=50, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Strathdale's advertised median rent ($468/wk), implied gross yield would be 4.42% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • FactZoned GENERAL RESIDENTIAL ZONE (GRZ) under the ZN.(Vicmap Planning · 1 Sept 2026)

What could make it worth less?

  • FactBUSHFIRE MANAGEMENT OVERLAY intersects 99.8% of this parcel.(Vicmap Planning · 1 Sept 2026)
  • FactBUSHFIRE MANAGEMENT OVERLAY - SCHEDULE 1 touches the boundary of this parcel in the official layer.(Vicmap Planning · 1 Sept 2026)

What should you verify next?

  1. 1BUSHFIRE MANAGEMENT OVERLAY affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  2. 2BUSHFIRE MANAGEMENT OVERLAY - SCHEDULE 1 touches the parcel boundary — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  3. 3No 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

$550,000–$600,000

Asking range · $664/m² of land

Last recorded sale $335,000 (27 Jan 2021).

Local land rate: recorded Land sales in Strathdale (last 5 years) with land size have a median of $547/m² of land (n=8). Districts calculation from recorded sales — not a valuation.

Strathdale at a glance

5,659

People

$735,000

Median sale

$468/wk

Median rent

3.31%

Suburb gross yield

Median sale from 50 recorded sales (last 12 months) — a Districts calculation.

See the full Strathdale report →

Vs Strathdale

-25.2%

Median sale

Suburb $735,000

+1.11 pp

Gross yield

Suburb 3.31%

Suburb median $735,000 from 50 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
$550,000
Stamp Duty (Victoria)
$28,070
Transfer/Registration Fee
$1,391
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
$583,161

$33,161 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 Strathdale's advertised median rent — not a rent for this listing.

Net yield
2.92%
Annual cashflow (pre-tax)
$-12,514
Interest cover (DSCR)
0.56
Annual rent
$24,336
Operating expenses
$8,250
Loan amount
$440,000
Annual interest
$28,600
Gross yield
4.42%

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 scheme

ZN

Zone

GENERAL RESIDENTIAL ZONE

GRZ

Jurisdiction

Greater Bendigo

Greater Bendigo, VIC

Planning overlays

  • environmentalDetected

Development activity

Data unavailable

Source

  • Provider: Vicmap Planning
  • Dataset: PLAN_ZONE
  • Retrieved: 1 Sept 2026
  • Version: 1
  • Parcel: 134014697

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

Detected — official

The official layer maps a bushfire risk zone on this parcel, intersecting about 99.8% of it (Vicmap Planning, retrieved 1 Sept 2026). Verify the extent against the title before relying on unaffected land.

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

202120222024$335k$550k
  • Sold (recorded)
  • Asking price (not a sale)
  1. Listed$550,000–$600,000available28 Feb 2024
  2. Sold$335,00027 Jan 2021
  3. Listedprice unknowncompleted17 Oct 2020
  4. Listedprice unknowncompleted17 Oct 2020

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?

Confidence: medium

Zoned GENERAL RESIDENTIAL ZONE · GRZ (ZN). Official parcel area about 830 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.

What could kill that thesis?

Confidence: low

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. Official parcel about 830 m² — land size can look like optionality. What reduces it: BUSHFIRE MANAGEMENT OVERLAY. Bushfire-prone land can add BAL construction cost and tighten insurer appetite. 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 $468/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.

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 4.4%. 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.

3 of 10 questions answered so far

  • Development optionality of this lot

    Knownmedium

    Zoned GENERAL RESIDENTIAL ZONE · GRZ (ZN). Official parcel area about 830 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

    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?

    Knownlow

    Official parcel about 830 m² — land size can look like optionality. What reduces it: BUSHFIRE MANAGEMENT OVERLAY. Bushfire-prone land can add BAL construction cost and tighten insurer appetite.

  • Lot-level flood

    Unknown

    Flood overlay has not been queried for this lot. 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

    No DA adapter returned applications 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

Strathdale in one glance

Strathdale at a glance

5,659

People

$735,000

Median sale

$468/wk

Median rent

3.31%

Suburb gross yield

Median sale from 50 recorded sales (last 12 months) — a Districts calculation.

See the full Strathdale report →

Keep researching

  • Why Strathdale? Read the area thesis →
  • What else is on the market in Strathdale →
  • Other records on Lillie Ln →

Listing material

Listed by Ballarat Real Estate Bendigo

ELEVATED STRATHDALE BLOCK TO BUILD YOUR 'DREAM HOME'

Located atop an established subdivision amongst prestigious homes, '12 Lillie Lane, Strathdale' boasts extraordinary views of and beyond, providing the perfect canvas for your dream home. This blue-chip block situated in one of Bendigo's most elaborate streets is calling for your dream to be built. The 828m2 block (approx.) offers endless possibilities for your creative vision. The block is fully titled and includes access to power at the road for your convenience. This paradise block is within walking distance to Kennington Village, Edwards Providore, Kennington Reservoir, Beischer Park, Strathdale Park and the local Strathdale shops and just metres from the beautiful Kennington native/bush walking and cycling tracks. This offering is ideal for those seeking a dream home or future relocation/retirement home. The land is approximately 6 minutes from the Bendigo CBD, a very popular area with schools in Strathdale and Kennington, making it the perfect combination of tranquillity and convenience. A choice of schools are nearby including Victory College, Kennington Primary School, St. Therese's, Bendigo South East College and Latrobe University are all just a 5 minute drive. A lovely walk to the Kennington Reservoir, Beischer Park, Strathdale dog park and ideally positioned for those seeking a family lifestyle where convenience will become a way of life. Begin your new adventure and create lasting memories at this remarkable piece of land.

See some options for proposed plans.

TH2908

Listing description written by Jen Wallace, Ballarat Real Estate Bendigo — reproduced as published, not verified by Districts.

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.