Drouin at a glance
16,837
People
$654,000
Median sale
$540/wk
Median rent
4.29%
Suburb gross yield
Median sale from 56 recorded sales (last 12 months) — a Districts calculation.
VIC › Drouin › Princes Way
$1,960,000–$2,150,000
For sale
Asking range
3
Bedrooms
2
Bathrooms
7
Car spaces
919 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
Asking
$1,960,000–$2,150,000
Asking range · $2,133/m² of land
No recorded sale for this property.
Drouin at a glance
16,837
People
$654,000
Median sale
$540/wk
Median rent
4.29%
Suburb gross yield
Median sale from 56 recorded sales (last 12 months) — a Districts calculation.
Vs Drouin
+199.7%
Median sale
Suburb $654,000
-2.86 pp
Gross yield
Suburb 4.29%
Suburb median $654,000 from 56 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$115,114 on top of the price (5.9% extra)
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.
Based on the low end of the asking range, not a contract price.
Pre-filled with Drouin's advertised median rent — not a rent for this listing.
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.
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 $540/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.
Gross yield if leased at the suburb aggregate is 1.4%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. 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
Drouin at a glance
16,837
People
$654,000
Median sale
$540/wk
Median rent
4.29%
Suburb gross yield
Median sale from 56 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White DrouinDeceiving from the street, the substantial 919m2 allotment accommodates the shop front, large three bedroom, two bathroom residence and a huge factory/workshop at the rear.
Residence:
Extensively refurbished approximately 15 years ago, the interior is modern, stylish and with all the essential comforts.
The two level layout includes two spacious living areas, beautifully appointed kitchen, meals area, luxurious main bedroom with a walk-in robe and ensuite plus a huge utilities room on the ground floor. Two additional bedrooms, both with generous inbuilt robes and the second, three piece bathroom are found on the upper level.
Well appointed, the kitchen features 40mm stone countertops, crafted cabinetry, including multiple drawers and a double pantry, large island bench and quality appliances comprising an induction cooktop, underbench oven and a dishwasher. Split system air conditioning units in all of the living areas and bedrooms, high grade insulation and double glazing ensure year round climate comfort. A private enclosed courtyard, single carport plus additional off street parking in the securely fenced and gated yard are further features.
The iconic building is one of the town's original shop fronts, dating back to 1876.
Known locally and Australia wide as Drouin Wooden Toys, the property has been under the existing ownership for over 50 years. Access from both Princes Way and Hamp Lane as well as a driveway along the side which extends from the front to the rear is a bonus.
Shop:
Approximately 8.6m x 5.9m
High ceilings with original exposed brick and timber lining create a retail space full of character and charm whilst full glazing along the street allows plenty of natural light and exposure.
Factory/Workshop:
Factory Approximately 11.7m x 10.2m
Workshop Approximately 21.9m x 4.3
This versatile space has been used to manufacture timber products and includes three and single phase power, concrete flooring, high clearance roller door at the rear and an adjoining storage area.
All the existing tools, equipment and materials are available for purchase by negotiation.
In the heart of the Drouin CBD with excellent exposure to both foot and vehicle traffic, this landmark commercial property offers a unique opportunity.
This versatile holding is an exciting and unique opportunity to continue a local tradition or start something afresh - the possibilities are endless.
Listing description written by Dale Atkin, Ray White Drouin — reproduced as published, not verified by Districts.