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VIC › Macedon › Forbes Rd

121 Forbes Rd, Macedon VIC 3440

House

$1,160,000

Last sold

12 Dec 2019

5

Bedrooms

3

Bathrooms

2

Car spaces

160,012.703 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $1,160,000 (12 Dec 2019).(Recorded sale)
  • FactLand 160,013 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Macedon (last 5 years) with land size: median $350/m² of land (n=45). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

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

What this lot has actually traded at

Last sold

$1,160,000

12 Dec 2019 · derived via latest_sale

Local land rate: recorded House sales in Macedon (last 5 years) with land size have a median of $350/m² of land (n=45). Districts calculation from recorded sales — not a valuation.

Macedon at a glance

2,113

People

$1,030,000

Median sale

$539/wk

Median rent

2.72%

Suburb gross yield

Median sale from 17 recorded sales (last 12 months) — a Districts calculation.

See the full Macedon report →

Vs Macedon

+12.6%

Median sale

Suburb $1,030,000

-0.30 pp

Gross yield

Suburb 2.72%

Suburb median $1,030,000 from 17 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

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. Sold$1,160,00012 Dec 2019
  2. Listedprice unknowncompleted27 Nov 2019
  3. Listedprice unknowncompleted27 Nov 2019

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 $539/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

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

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

Macedon in one glance

Macedon at a glance

2,113

People

$1,030,000

Median sale

$539/wk

Median rent

2.72%

Suburb gross yield

Median sale from 17 recorded sales (last 12 months) — a Districts calculation.

See the full Macedon report →

Keep researching

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

Listing material

Listed by TCC Real Estate Macedon Ranges

The Hermitage - A home, a cottage, and 40 acres of nature

Immerse yourself in nature’s finest with approximately 40 acres of Macedon hinterland - where local wildlife is abundant, views are plentiful, and your lifestyle idyllic.

The home itself has been lovingly renovated and maintained by the one owner for almost three decades. Incorporating three bedrooms, two bathrooms and multiple living spaces, the home has country charm without compromising on life’s little luxuries. Vaulted ceilings, stone benchtops, hardwood floors and custom built Baltic pine cabinetry are just some of the features that give this home character. A purpose built studio connected to the house is the ideal addition to nurture the artist in us all, and for comfort - there’s a woodfire heater, three gas LPG heaters and a split AC to keep you warm.

Whilst enjoying The Hermitage, be sure to take in the pool, woodfire pizza oven, and self-contained cottage - a delightful two bedroom retreat with bathroom and kitchenette, perfect for overflow of guests. There’s plenty of shedding, gardens rich in colour (including towering oak trees and established rhododendrons), three water tanks and a dam with reticulated water system. From the garden take a stroll along one of the bushland tracks around the property

Read the full description

Adjacent crown land and nearby Wombat State Forest, conservation zoning on the property ensures a commitment to the tranquil existence on offer.

The property is walking distance to Alice Miller school and only a few minutes’ drive from Macedon, Woodend and Gisborne townships. With views to Mt Macedon and beyond, this peaceful sanctuary has the size and serenity to stir the nature enthusiast in us all.

Listing description written by Peter Mussared, TCC Real Estate Macedon Ranges — 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.