Casterton at a glance
1,578
People
$320,000
Median sale
$347/wk
Median rent
5.64%
Suburb gross yield
Median sale from 47 recorded sales (last 12 months) — a Districts calculation.
$640,000
Last sold
17 Dec 2025
5
Bedrooms
2
Bathrooms
8
Car spaces
818 m²
Land
Districts View
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
$640,000
17 Dec 2025 · derived via latest_sale
Local land rate: recorded Rural Property sales in Casterton (last 5 years) with land size have a median of $29/m² of land (n=7). Districts calculation from recorded sales — not a valuation.
Casterton at a glance
1,578
People
$320,000
Median sale
$347/wk
Median rent
5.64%
Suburb gross yield
Median sale from 47 recorded sales (last 12 months) — a Districts calculation.
Vs Casterton
+100.0%
Median sale
Suburb $320,000
-2.82 pp
Gross yield
Suburb 5.64%
Suburb median $320,000 from 47 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
COMMERCIAL 1 ZONE
C1Z
Jurisdiction
Glenelg
Glenelg, 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.
The official layer maps a flood zone on this parcel, intersecting about 73.3% of it (Vicmap Planning, retrieved 31 Aug 2026). Verify the extent against the title before relying on unaffected land.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
The official layer maps a heritage listed area on this parcel, intersecting about 99.8% of it (Vicmap Planning, retrieved 31 Aug 2026). Verify the extent against the title before relying on unaffected land.
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 COMMERCIAL 1 ZONE · C1Z (ZN). Official parcel area about 821 m². Dual occupancy looks constrained by site overlays or terrain. Two-lot subdivision looks unlikely on the loaded constraints. 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.
73.3% of the official parcel intersects the loaded flood overlay. Layer: FLOODWAY OVERLAY - SCHEDULE 1. Also mapped: LAND SUBJECT TO INUNDATION OVERLAY - SCHEDULE 1 (20.5% of the parcel). That is a finance, insurance, and rentability screen — distinct from whether the land can be subdivided. It is not a flood certificate or an insurer quote. Heritage constraint may block demolition or dual occupancy even on a large block. Flood overlay on a material share of the lot can kill a rear-lot or battleaxe subdivision story. Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Official parcel about 821 m² — land size can look like optionality. What reduces it: HERITAGE OVERLAY (HO163); DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 4; FLOODWAY OVERLAY - SCHEDULE 1; LAND SUBJECT TO INUNDATION OVERLAY - SCHEDULE 1. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $347/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. Flood on or flagged for this lot can discount tenant demand versus a dry comparable.
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
This looks more like a hold-as-is house than a development site. Flood on the lot is the first thing to price.
Detail
Official parcel about 821 m² — land size can look like optionality. What reduces it: HERITAGE OVERLAY (HO163); DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 4; FLOODWAY OVERLAY - SCHEDULE 1; LAND SUBJECT TO INUNDATION OVERLAY - SCHEDULE 1. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.
Nearby competing dwellings and net yield are still unknown.
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.
4 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned COMMERCIAL 1 ZONE · C1Z (ZN). Official parcel area about 821 m². Dual occupancy looks constrained by site overlays or terrain. Two-lot subdivision looks unlikely on the loaded constraints. 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 821 m² — land size can look like optionality. What reduces it: HERITAGE OVERLAY (HO163); DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 4; FLOODWAY OVERLAY - SCHEDULE 1; LAND SUBJECT TO INUNDATION OVERLAY - SCHEDULE 1. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.
Lot-level flood
Knownmedium73.3% of the official parcel intersects the loaded flood overlay. Layer: FLOODWAY OVERLAY - SCHEDULE 1. Also mapped: LAND SUBJECT TO INUNDATION OVERLAY - SCHEDULE 1 (20.5% of the parcel). That is a finance, insurance, and rentability screen — distinct from whether the land can be subdivided. It is not a flood certificate or an insurer quote.
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
Casterton at a glance
1,578
People
$320,000
Median sale
$347/wk
Median rent
5.64%
Suburb gross yield
Median sale from 47 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Property Plus Real EstateThis exquisitely refurbished imposing residence cc1873 has been lovingly restored by the owners to a high standard. The best way to see the quality of the workmanship bringing to life the grandeur of a time when the private residence was paramount to the prosperity of the local country estates in the early years is with a personal tour and inspection.
- Magnificent professional rooms with residence. Five bedrooms, two bathrooms and five toilets plus a large gallery room
- Professional shared rooms - potential commercial use
- Fine dining/gallery options - opulent private residence
- Exquisite B&B property
- Energy efficient
With four bedrooms upstairs, a sparkling new bathroom, toilet and ancillary room, this area is luxurious and is enhanced as you descend the two-landing return timber staircase to the ground floor. The plush carpet and the chandeliers all contribute to the stately ambience of this solid imposing property on the corner of the Henty Highway and McPherson Street.
The ground floor is spacious with a gallery sized area as one of the feature rooms. There is a modern kitchen featuring the best in appliances, a breakfast nook, two formal offices, the original walk-in bank vault plus an impressive bathroom suite with a full walk-in shower, slipper bath, powder room, dressing room and two new toilets and basins. This area has as-new carpets with high corniced ceilings, a total of four split systems throughout the property, another bedroom plus a warm wood heater.
Downstairs is ideal as a B+B, gallery or a prestige office, enabling a professional to work and entertain from home. With new curtains, light fittings, ceiling and cornice work, there is nothing to do but enjoy the rich tapestry of this elegant home.
Outside is a delightful private garden with trees and foliage in abundance with privacy assured. Vehicle access is from the side street and enables the highest caravan or motorhome to drive straight into the 15m x 10m high roof carport. The garage/workshop is incorporated in this area. There are additional toilet services outside. The lush garden is easy care and has sunny private areas to enjoy the garden and reflect in this peaceful area.
Casterton is a great town that has every facility and service including a dedicated secondary college, two primary schools, kindergarten, large supermarket, chemist, post office, two hairdressers, shire offices, physio and massage, nail salon, exercise groups, two hotels, hospital, ambulance, police station, gift shops and retail, fuel stations, newsagents and mechanical services. The town has good camping, fishing, picnic grounds and local wineries and is a popular destination for tourists. More B+B accommodation is needed in the area.
This house is exceptional in presentation, ambience and location. Escape the busy city, re-establish a B+B or home-based business or just retire and explore the region. Inspect by appointment – call Greg Fathers today on 0477 000 561.
Listing description written by Greg Fathers, Property Plus Real Estate — reproduced as published, not verified by Districts.