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VIC › Warrnambool › Lutana Grove

16 Lutana Grove, Warrnambool VIC 3280

For saleHouse

$680,000–$720,000

For sale

Asking range

3

Bedrooms

2

Bathrooms

2

Car spaces

520 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $680,000–$720,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $680,000–$720,000(Listing record · 26 Aug 2026)
  • FactLand 520 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Warrnambool (last 5 years) with land size: median $1,014/m² of land (n=32). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 8% above the Warrnambool median recorded sale ($630,000, n=41, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Warrnambool's advertised median rent ($501/wk), implied gross yield would be 3.83% — 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

$680,000–$720,000

Asking range · $1,308/m² of land

No recorded sale for this property.

Local land rate: recorded House sales in Warrnambool (last 5 years) with land size have a median of $1,014/m² of land (n=32). Districts calculation from recorded sales — not a valuation.

Warrnambool at a glance

32,205

People

$630,000

Median sale

$501/wk

Median rent

4.14%

Suburb gross yield

Median sale from 41 recorded sales (last 12 months) — a Districts calculation.

See the full Warrnambool report →

Vs Warrnambool

+7.9%

Median sale

Suburb $630,000

-0.31 pp

Gross yield

Suburb 4.14%

Suburb median $630,000 from 41 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$680,000
Stamp Duty (Victoria)
$35,870
Transfer/Registration Fee
$1,695
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
$721,265

$41,265 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

Based on the low end of the asking range, not a contract price.

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

Net yield
2.33%
Annual cashflow (pre-tax)
$-19,508
Interest cover (DSCR)
0.45
Annual rent
$26,052
Operating expenses
$10,200
Loan amount
$544,000
Annual interest
$35,360
Gross yield
3.83%

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$680,000–$720,000available26 Aug 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 $501/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 3.8%. 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

Warrnambool in one glance

Warrnambool at a glance

32,205

People

$630,000

Median sale

$501/wk

Median rent

4.14%

Suburb gross yield

Median sale from 41 recorded sales (last 12 months) — a Districts calculation.

See the full Warrnambool report →

Keep researching

  • Why Warrnambool? Read the area thesis →
  • What else is on the market in Warrnambool →
  • Other records on Lutana Grove →

Listing material

Listed by Stockdale & Leggo Warrnambool

DELIGHTFUL DOWNSIZER IN PEACEFUL COURT LOCATION

Nestled at the end of a well-regarded inner-North Warrnambool court, this is a beautiful home that will suit downsizers, (semi-) retirees and anyone looking for high quality, relaxed, low maintenance living in a tranquil setting, with all amenities close at hand.

Craftsman built in 2000, this property is offered for sale for the first time since construction. It has been well loved and maintained over the years, and presents as new, absolutely immaculate inside and out. A light, airy home with a wonderful ambience, good sized bedrooms, spacious living areas, all the mod cons and high quality finishes.

The 3 bedroom brick home has a lovely front facade and will tug at your heartstrings the moment you step inside. Features include: formal entrance hall, front lounge room, master bedroom with bay window, walk in robe and stylish ensuite, an exquisite renovated kitchen with breakfast bar and new appliances, and a sun-drenched open dining/ family room which opens out to the large North facing alfresco and manicured gardens. A passage leads thru to the guests/ kids' wing at the back of the house, 2 more generous size bedrooms with built-in robes, either side of the family bathroom with separate toilet.

Read the full description

Designed to perfection, it is the little extra touches that make the property such a dream. Internal access from the large double garage (with rear roller door) so you can bring the shopping straight in, well positioned laundry behind the kitchen and lots of linen and additional storage space, the lovely East-West aspect of the house with various living spaces to suit your mood, large windows and timber doors, archetraves and skirts, gas ducted central heating, split system heating/cooling and so much more.

Just moments from schools, sports, parkland and Centro shopping centre, all just a 5-10 minute flat walk away, this delightful property is private, peaceful and perfectly positioned with everything you need practically on your doorstep. Life is a dream! Call us to arrange your inspection and make a supreme lifestyle choice today.

Listing description written by Justin Allen, Stockdale & Leggo Warrnambool — reproduced as published, not verified by Districts.

Property features

  • Ensuites: 1
  • Living Areas: 2
  • Toilets: 2

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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.