Millgrove at a glance
1,658
People
$625,000
Median sale
$496/wk
Median rent
4.13%
Suburb gross yield
Median sale from 33 recorded sales (last 12 months) — a Districts calculation.
$880,000
Last sold
22 Nov 2023
4
Bedrooms
2
Bathrooms
4
Car spaces
13,759.312 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
Last sold
$880,000
22 Nov 2023 · derived via latest_sale
Local land rate: recorded House sales in Millgrove (last 5 years) with land size have a median of $810/m² of land (n=104). Districts calculation from recorded sales — not a valuation.
Millgrove at a glance
1,658
People
$625,000
Median sale
$496/wk
Median rent
4.13%
Suburb gross yield
Median sale from 33 recorded sales (last 12 months) — a Districts calculation.
Vs Millgrove
+40.8%
Median sale
Suburb $625,000
-1.20 pp
Gross yield
Suburb 4.13%
Suburb median $625,000 from 33 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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 $496/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.
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
Millgrove at a glance
1,658
People
$625,000
Median sale
$496/wk
Median rent
4.13%
Suburb gross yield
Median sale from 33 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Property Partners in Real EstatePeacefully tucked away on almost 3.5 acres approx., this hidden gem offers privacy and endless tranquillity. Immaculately presented and ready to move straight in and enjoy, this property is perfect for the family craving more space, looking for a lifestyle change or even a weekend retreat. Less than 100m from the Yarra River and walking track, enjoy a quiet spot of fishing, swimming, canoeing or walk through nature as the river flows upstream to Melbourne.
You will feel right at home with these features:
• A stylishly renovated kitchen is perfect for entertaining, enhanced with Bosch S/S oven, dishwasher, induction cooktop, stone benchtops, including island breakfast bench, and pendant lighting.
• Natural light filters through from the windows and skylight, creating a warm and homely feel in the main living area. Adding to the allure is a split system and ambient free-standing wood fire.
• Each of the four bedrooms are adorned with BIR's and their own private deck, including the master with ensuite and reading corner to watch the change of seasons roll through Mt Little Joe.
• A central family bathroom has been glamorously modernised with eye-catching feature tiles, contemporary fixtures and fittings and deep-soak bath for some me time.
• A paved outdoor entertaining area provides seamless indoor-outdoor living, plus the alfresco is the perfect space for summer family celebrations or a quiet evening by the fire pit.
• Other highlights include a spacious laundry with additional storage, downlights, garden shed and fenced paddock for animal enthusiasts wanting space for their four-legged friends.
Properties along the Yarra River area in Millgrove are highly sought after by young families desiring country living. A short walk along the Rail Trail sees you connected to all Warburton has to offer; or stay close to home at the Millgrove Village Shops where you can savour a sweet treat of homemade ice cream at Cookie Grove. Connect with the community as they celebrate a farmers market every 2nd weekend or for the sports enthusiast, join the local soccer club that is bursting with members. To learn more, call Property Partners to arrange an inspection, you won't leave disappointed.
Please note: All property details shown are correct at time of publishing. Some properties may have sold in the preceding 24 hours. We recommend confirming inspection times with the listing agency.
Listing description written by Rebecca Halit, Property Partners in Real Estate — reproduced as published, not verified by Districts.