Leongatha at a glance
5,977
People
$550,000
Median sale
$431/wk
Median rent
4.07%
Suburb gross yield
Median sale from 62 recorded sales (last 12 months) — a Districts calculation.
$390,000
Last sold
21 Feb 2025
3
Bedrooms
1
Bathrooms
3
Car spaces
673 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
$390,000
21 Feb 2025 · derived via latest_sale
Local land rate: recorded House sales in Leongatha (last 5 years) with land size have a median of $695/m² of land (n=97). Districts calculation from recorded sales — not a valuation.
Leongatha at a glance
5,977
People
$550,000
Median sale
$431/wk
Median rent
4.07%
Suburb gross yield
Median sale from 62 recorded sales (last 12 months) — a Districts calculation.
Vs Leongatha
-29.1%
Median sale
Suburb $550,000
+1.68 pp
Gross yield
Suburb 4.07%
Suburb median $550,000 from 62 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 $431/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
Leongatha at a glance
5,977
People
$550,000
Median sale
$431/wk
Median rent
4.07%
Suburb gross yield
Median sale from 62 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Area Specialist SolutionsLocated on a spacious 673m2 block, this lovely vinyl-clad home has been tastefully renovated and offers potential investors or first home buyers with an opportunity to get into the real estate market.
The functional layout features a light filled lounge at the front flowing through to the open plan kitchen and dining area at the rear. The beautiful new kitchen features abundant storage, a 900mm upright gas stove and dishwasher.
There are three spacious bedrooms, serviced by an updated family bathroom with walk-in shower and a second toilet. The inside of the home has been refreshed with a coat of paint, lovely new carpet and floating floors, plus there are two split system units and a Coonara to keep you comfortable year-round.
Stepping outside, there is a full-length driveway down the side leading to a single carport and a double garage at the rear with power and concrete floor. The covered rear deck is excellent for entertaining with family and friends.
Other notable features include near-new boundary fencing, an instantaneous gas hot water service, a solar panel system on the roof and pull-down blinds to most external windows.
We are seeing the biggest shortage of rental properties in history.... with a list of preapproved tenants ready and waiting at $380 per week, this is a great investment with zero work to be done.
Looking to buy, sell or rent in South Gippsland? Get in touch with your expert team today and call Jack Gilchrist on 0411 181 577 or Jassy Batrouney on 0428 294 388 or pop into our office at 8/43-49 Little Commercial Street, Korumburra.
Note: Every care has been taken to verify the accuracy of the details in this advertisement, however we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves of any pertinent matters.
Listing description written by Jack Gilchrist, Area Specialist Solutions — reproduced as published, not verified by Districts.