Cobblebank at a glance
5,549
People
$648,500
Median sale
$493/wk
Median rent
3.95%
Suburb gross yield
Median sale from 82 recorded sales (last 12 months) — a Districts calculation.
VIC › Cobblebank › Penver Dr
$662,000
Last sold
29 June 2026
4
Bedrooms
2
Bathrooms
2
Car spaces
400 m²
Land
Districts View
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
$662,000
29 June 2026 · derived via latest_sale
Local land rate: recorded House sales in Cobblebank (last 5 years) with land size have a median of $1,611/m² of land (n=143). Districts calculation from recorded sales — not a valuation.
Cobblebank at a glance
5,549
People
$648,500
Median sale
$493/wk
Median rent
3.95%
Suburb gross yield
Median sale from 82 recorded sales (last 12 months) — a Districts calculation.
Vs Cobblebank
+2.1%
Median sale
Suburb $648,500
-0.08 pp
Gross yield
Suburb 3.95%
Suburb median $648,500 from 82 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
URBAN GROWTH ZONE - SCHEDULE 3
UGZ3
Jurisdiction
Melton
Melton, VIC
Official property report
The original government planning document for this property. Sign in to view or download the PDF. Districts facts are a separate GIS extract and may not include every statement in the report.
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
VICZoned URBAN GROWTH ZONE - SCHEDULE 3 · UGZ3 (ZN). Official parcel area about 401 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. The listing may look cheap relative to land or the street. What reduces it: DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 3. This overlay can reduce what the land size appears to promise. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $493/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.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned URBAN GROWTH ZONE - SCHEDULE 3 · UGZ3 (ZN). Official parcel area about 401 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
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?
KnownlowThe listing may look cheap relative to land or the street. What reduces it: DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 3. This overlay can reduce what the land size appears to promise.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. 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
UnknownNo DA adapter returned applications 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
Cobblebank at a glance
5,549
People
$648,500
Median sale
$493/wk
Median rent
3.95%
Suburb gross yield
Median sale from 82 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Local Expertz RealtyLocal Expertz Realty proudly welcomes you to 16 Penver Drive, Cobblebank, a rare and versatile opportunity offering the perfect blend of modern family living and home based business potential. Originally built as a Simonds display home, this residence showcases quality craftsmanship, premium upgrades, and a thoughtfully designed layout.
Boasting 4 spacious bedrooms, 2 stylish bathrooms, and 2 generous living areas, this home is ideal for growing families who value both comfort and functionality. The well designed floorplan provides multiple zones for relaxation and entertainment, while maintaining a seamless flow throughout.
What truly sets this property apart is the garage business setup, offering an exceptional opportunity for tradesman, small business owners such as Saloon, Barber shop, Ice Cream parlor etc or entrepreneurs looking to operate from home with ease and convenience.
Premium Features Include:
• Display quality finishes and upgrades throughout
• Designer kitchen with Caesarstone benchtops, 900mm appliances & ample storage
• High ceilings enhancing space and natural light
• LED downlights throughout the home
• Stylish bathrooms with upgraded fittings and finishes
• Alfresco area perfect for outdoor entertaining
• NBN connectivity with network hub for modern living
• Quality flooring including laminate and carpet combinations
Prime Location Highlights:
Perfectly positioned in a highly sought after pocket of Atherstone estate Cobblebank, this home offers unmatched convenience:
• Walking distance to shopping centre featuring Coles and multiple retail options
• Close proximity to Cobblebank Train Station
• Opposite to Aspire Early Education & Kindergarten Cobblebank
• Easy access to the freeway
• Near the upcoming Melton Hospital
• Close to Cobblebank stadium, Atherstone park & playgrounds.
Whether you're a homeowner looking for extra flexibility or a business owner seeking the perfect home setup, this property delivers on all fronts.
Don't miss this rare opportunity to secure a display home with built-in business potential!
For more information contact Raza on 0426 929 426 or Jesse on 0409 540 040.
Listing description written by Raza Zaidi, Local Expertz Realty — reproduced as published, not verified by Districts.