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VIC › Heathcote › Mclennan Rd

150 Mclennan Rd, Heathcote VIC 3523

For saleRural Property for Sale

$1,200,000

For sale

Asking

5

Bedrooms

3

Bathrooms

3

Car spaces

61,107.532 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,200,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,200,000(Listing record · 17 July 2026)
  • FactLand 61,108 m²; no building size recorded.(Property record)
  • CalculationAsk is 93% above the Heathcote median recorded sale ($622,500, n=70, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Heathcote's advertised median rent ($412/wk), implied gross yield would be 1.79% — this is not a rent for this listing.(Districts scenario calculation)

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

$1,200,000

Asking · $20/m² of land

No recorded sale for this property.

Heathcote at a glance

3,253

People

$622,500

Median sale

$412/wk

Median rent

3.44%

Suburb gross yield

Median sale from 70 recorded sales (last 12 months) — a Districts calculation.

See the full Heathcote report →

Vs Heathcote

+92.8%

Median sale

Suburb $622,500

-1.65 pp

Gross yield

Suburb 3.44%

Suburb median $622,500 from 70 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$1,200,000
Stamp Duty (Victoria)
$66,000
Transfer/Registration Fee
$2,912
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
$1,272,612

$72,612 on top of the price (6.1% 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

Pre-filled with Heathcote's advertised median rent — not a rent for this listing.

Net yield
0.29%
Annual cashflow (pre-tax)
$-58,976
Interest cover (DSCR)
0.05
Annual rent
$21,424
Operating expenses
$18,000
Loan amount
$960,000
Annual interest
$62,400
Gross yield
1.79%

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$1,200,000available17 July 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?

Confidence: low

No advertised rent is recorded. Suburb median rent $412/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

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

Gross yield if leased at the suburb aggregate is 1.8%. 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

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.

1 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

    Knownlow

    This 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

    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

Heathcote in one glance

Heathcote at a glance

3,253

People

$622,500

Median sale

$412/wk

Median rent

3.44%

Suburb gross yield

Median sale from 70 recorded sales (last 12 months) — a Districts calculation.

See the full Heathcote report →

Keep researching

  • Why Heathcote? Read the area thesis →
  • What else is on the market in Heathcote →
  • Other records on Mclennan Rd →

Listing material

Listed by Todd Property

ARCHITECTURAL ELEGANCE OVERLOOKING VINES AND ACREAGE

Set on approximately 15.1 acres of undulating countryside, this contemporary four-bedroom home offers the perfect blend of modern comfort, thoughtful design and picturesque country living.

Positioned proudly on the rise, the home captures sweeping views across the rolling countryside and overlooks your own established vineyard. Designed with energy efficiency in mind, the home features a striking central rammed earth wall that provides natural thermal mass, helping regulate indoor temperatures throughout the seasons.

At the heart of the home is a spacious open-plan living area filled with natural light, incorporating a well-appointed kitchen with a large preparation area, stone benchtops, quality Italian appliances including a 900mm stove, rangehood and dishwasher, plus additional feature joinery ideal as a home bar or coffee station. The kitchen flows effortlessly into the meals area with a raked ceiling, handcrafted cedar door, reverse-cycle split system, rammed earth wall and two glass sliding doors opening to stunning views across the countryside, vineyard and dams. At the opposite end, the cosy lounge features a large wood heater, rammed earth wall, handcrafted cedar door, ducted heat transfer system servicing the bedrooms, and glass sliding door access to the outdoors.

Read the full description

Off the lounge, the generous master suite includes a large ensuite, built-in robes and direct access to its own private outdoor area, creating the perfect place to relax and enjoy the peaceful surroundings. There are three additional bedrooms, two with built-in robes, including one with direct access to the family bathroom, making it an ideal guest room. The fourth bedroom is currently used as a study but could easily be a fourth bedroom. Completing the interior is a central hallway with a European laundry on one side and a linen press on the other.

Outside is just as impressive, with multiple outdoor living areas. There are two separate north-facing undercover decked entertaining areas with a ceiling fan, along with a third paved and decked entertaining area featuring an arbour covered by a grapevine, providing a beautiful seasonal canopy. Each of these outdoor spaces is the perfect place to sit back, relax with a glass of wine from your own vineyard, and enjoy the spectacular sunsets.

A unique feature of the property is the triple garage complemented by a self-contained studio with its own bathroom. This versatile space is ideal for multi-generational living, whether for a teenager, ageing parent, guest accommodation, a fifth bedroom, Airbnb or an inspiring creative studio.

The 15.1 acres have been thoughtfully established with self-sufficiency in mind, featuring a vineyard planted with Shiraz, Cabernet and Chardonnay grapes, raised vegetable gardens, a plantation of native gums to be used at your convenience, and an orchard with quince, fig, pomegranate, almond, plum and olive trees.

The home is serviced by three 20,000-litre rainwater tanks, mains power supported by a 10-panel solar system, bottled gas and a septic treatment plant. A comprehensive irrigation system is supplied by two additional 14,000-litre tanks, filled from one of the property's two large dams, both with excellent catchment. The irrigation system services the vineyard, lawns and established gardens surrounding the home.

Combining space, functionality and an idyllic rural setting, this exceptional property presents an outstanding lifestyle opportunity.

Listing description written by Brad Todd, Todd Property — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Broadband
  • Built-in Robes
  • Deck
  • Dishwasher
  • Fully Fenced
  • Outdoor Entertaining
  • Remote Garage
  • Shed
  • Solar Panels
  • Study
  • Water Tank
  • 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.