Cardigan at a glance
3,086
People
$587,000
Median sale
$512/wk
Median rent
4.54%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
VIC › Cardigan › Remembrance Dr
$880,000
Last sold
1 Aug 2019
5
Bedrooms
3
Bathrooms
7
Car spaces
5,000 m²
Land
Districts View
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
$880,000
1 Aug 2019 · derived via latest_sale
Local land rate: recorded House sales in Cardigan (last 5 years) with land size have a median of $376/m² of land (n=25). Districts calculation from recorded sales — not a valuation.
Cardigan at a glance
3,086
People
$587,000
Median sale
$512/wk
Median rent
4.54%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Vs Cardigan
+49.9%
Median sale
Suburb $587,000
-1.51 pp
Gross yield
Suburb 4.54%
Suburb median $587,000 from 13 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
TRANSPORT ZONE 2 - PRINCIPAL ROAD NETWORK
TRZ2
Jurisdiction
Ballarat
Ballarat, VIC
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
VICZoned TRANSPORT ZONE 2 - PRINCIPAL ROAD NETWORK · TRZ2 (ZN). Official parcel area about 5,009 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.
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. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $512/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.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned TRANSPORT ZONE 2 - PRINCIPAL ROAD NETWORK · TRZ2 (ZN). Official parcel area about 5,009 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
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?
KnownmediumOfficial parcel about 5,009 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. 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
UnknownNo DA adapter returned applications 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
Cardigan at a glance
3,086
People
$587,000
Median sale
$512/wk
Median rent
4.54%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Buxton BallaratAll on one title, this Ranch style dual residence offers unlimited possibilities. On a great allotment of 2 Acres in semi-rural Ballarat zoned to Ballarat High School, great primary schools and childcare centres. Situated along a quiet bitumen service road, only a short walk to the Skipton Rail trail, Lucas Shopping Centre, and access to the Western Freeway.
The two homes are joined by double brick, have completely separate entrances, and are separately metered for services. Both have views and are spacious and light inside. There are mature native trees with Century Old Dutch Elms along the driveway to the large shedding/workshop which has a mezzanine floor, running water, and a pot belly heater. An adjoining large Caravan storage and woodshed, triple car garaging and double lock up garage attached to the rear home.
The main residence has an open plan kitchen, dining, living room with a closed log fire with a heat transfer system to the rest of the home.
Separate formal lounge, bay window with expansive views and gas heating.
Two spacious bedrooms with built in robes. Master of king size with an adjoining study/craft room/parent retreat or nursery. A walk in robe and a full ensuite complete with a shower, corner spa bath, sauna and toilet.
The Hair dressing / Beauty Salon has its own entrance, built in shelving and hair wash basin, split system and has access to the two-way ensuite.
The home has plenty of storage and an option of an indoor or outdoor laundry.
The large impressive Alfresco is an ideal outdoor entertaining area with the space to make the most of an outdoor kitchen surrounded by an abundance of plant life including a fernery.
The second residence has an open plan kitchen / dining with a separate large living room complete with a corner window and gas fire along with split system AC.
Large hallway walk in storage leading to Bedrooms. One with walk in robe and the other with built in robes.
The bathroom has recently been renovated to include a double shower, double vanity, and a heated towel rail. There is a separate toilet and separate laundry.
The gardens are well maintained with a spray system to all beds and include a chook shed, hot house, veggie patch and fruit trees.
The property has approved planning for a subdivision of half an acre with its own driveway.
With endless possibilities this is a great option for all. Call for more information now.
Listing description written by Mark Nunn, Buxton Ballarat — reproduced as published, not verified by Districts.