Ballan at a glance
3,617
People
$650,000
Median sale
$480/wk
Median rent
3.84%
Suburb gross yield
Median sale from 28 recorded sales (last 12 months) — a Districts calculation.
VIC › Ballan › Myrtle Grove Rd
$660,000
Last sold
12 Feb 2024
3
Bedrooms
2
Bathrooms
2
Car spaces
846 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
$660,000
12 Feb 2024 · derived via latest_sale
Local land rate: recorded House sales in Ballan (last 5 years) with land size have a median of $756/m² of land (n=83). Districts calculation from recorded sales — not a valuation.
Ballan at a glance
3,617
People
$650,000
Median sale
$480/wk
Median rent
3.84%
Suburb gross yield
Median sale from 28 recorded sales (last 12 months) — a Districts calculation.
Vs Ballan
+1.5%
Median sale
Suburb $650,000
-0.06 pp
Gross yield
Suburb 3.84%
Suburb median $650,000 from 28 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 $480/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
Ballan at a glance
3,617
People
$650,000
Median sale
$480/wk
Median rent
3.84%
Suburb gross yield
Median sale from 28 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by McGrath BallanNestled in a peaceful locale, this fantastic property presents an incredible opportunity as your first home or a sound investment. Boasting 3 bedrooms, 2 bathrooms, and 2 spacious living areas, it offers a comfortable and versatile living space for all your needs.
As you step into the home, you are greeted by a warm and inviting atmosphere. The second living area is conveniently situated to the front of the home, right next to the master bedroom, ensuring privacy and ease of access. The master bedroom features a generous walk-in robe and a well-appointed ensuite with a toilet for your convenience.
The heart of the home opens up as you walk down the hallway into the open-plan kitchen, dining, and living space. This area is the perfect hub for entertaining and relaxation, and it seamlessly connects to a large undercover alfresco area with wall length BBQ connected to natural gas, where you can enjoy outdoor dining and gatherings.
The kitchen is equipped with a 900mm freestanding electric oven and gas cooktop, a dishwasher, and a spacious walk-in pantry with a sliding door. You'll have all the storage and functionality you need to prepare and enjoy delicious meals with family and friends.
The remaining two large bedrooms are complete with built-in robes, ensuring ample storage for all. The family bathroom is conveniently located near the bedrooms, along with a separate toilet and a large laundry with direct yard access.
For added convenience, a large walk-in linen cupboard is located next to the laundry, offering plenty of storage space. Additionally, the double garage provides extra room for shelving or cupboards, ensuring your belongings stay organised.
You'll experience year-round comfort with the gas ducted heating and evaporative cooling system that services the entire home. No matter the season, you'll be able to relax in a comfortable environment.
The property offers single roller door access from the double garage to the rear yard, as well as double gate side access off Lyon Place, providing ease of entry for cars or a caravan. There's even a small side access gate at the front of the home, making it perfect for storing a golf buggy or small boat.
With a current rental appraisal of $430-$440 per week, this property not only makes for an excellent first home but also a promising investment opportunity.
Contact Jacqui on 0411 065 339 or Amanda on 0431 387 323 today to arrange a viewing!
Listing description written by Jacqui Sfetcopoulos, McGrath Ballan — reproduced as published, not verified by Districts.