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VIC › Penshurst › Watton St

121 Watton St, Penshurst VIC 3289

For saleHouse

$415,000

For sale

Asking

3

Bedrooms

1

Bathrooms

2

Car spaces

2,043 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $415,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $415,000(Listing record · 22 May 2026)
  • FactLand 2,043 m²; no building size recorded.(Property record)

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

$415,000

Asking · $203/m² of land

No recorded sale for this property.

Penshurst at a glance

No data

Median sale

No data

Median rent

No data

Suburb gross yield

See the full Penshurst report →

Total cost to purchase

Purchase Price
$415,000
Stamp Duty (Victoria)
$19,970
Transfer/Registration Fee
$1,075
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
$439,745

$24,745 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

No rent is recorded for this listing. Enter a weekly rent to model yield.

Enter a purchase price and weekly rent to calculate yield.

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$415,000available22 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?

No advertised rent and no suburb rent aggregate are loaded. Official bond files are not loaded. Listing rent and suburb aggregates are evidence, not this address’s rent.

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.

0 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

    Unknown

    No advertised rent and no suburb rent aggregate are loaded. Official bond files are not loaded. Listing rent and suburb aggregates are evidence, not this address’s rent.

  • 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

Penshurst in one glance

Penshurst at a glance

No data

Median sale

No data

Median rent

No data

Suburb gross yield

See the full Penshurst report →

Keep researching

  • Why Penshurst? Read the area thesis →
  • What else is on the market in Penshurst →
  • Other records on Watton St →

Listing material

Listed by Professionals Hamilton

Historic Charm & Untapped Potential on 2,043m² (approx)

Steeped in local history, this character filled country home sits on a generous 2,043m² (approx.) allotment, offering a rare blend of timeless charm and lucrative future rewards. Featuring original bluestone walls (Circa. 1860) and classic timber floorboards, the property delivers an idyllic country lifestyle in the heart of Penshurst.

Currently generating immediate income with a reliable month-to-month tenancy, this three bedroom residence is a standout opportunity for investors, renovators, or developers looking to subdivide (STCA).

The practical layout boasts a light filled main living zone equipped with a wood heater and a split system unit for year round comfort. A spacious country kitchen features a gas cooktop, electric oven, dishwasher, large pantry, and a west facing window framing serene rural views. The adjoining open plan dining area features a cozy electric log burner, creating the perfect hub for family gatherings.

Read the full description

Two bedrooms sit at the front of the home, capturing abundant natural light through large windows. A flexible third bedroom opens off the dining space, serving perfectly as a dedicated home office or nursery. All rooms are serviced by a central family bathroom with a separate bath and shower, plus a convenient independent toilet located off the rear mudroom and laundry.

The outdoor space is a major asset, showcasing a secure backyard with established bluestone garden beds, tank water, and a sheltered entertaining area. A single garage offers a versatile studio conversion or workshop space. Beyond the main yard, a large rear paddock with direct vehicle access via Cobb Street opens up endless possibilities for more shedding or a profitable multi dwelling subdivision (STCA).

Secure a piece of Penshurst's history with built in income and endless room to grow. Contact us today to arrange your private inspection.

Listing description written by Sam Langley, Professionals Hamilton — reproduced as published, not verified by Districts.

Property features

  • Built-in Robes
  • Dishwasher
  • Floorboards
  • Secure Parking
  • Shed
  • Toilets: 1
  • Workshop
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.