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VIC › Quarry Hill › Russell St

16 Russell St, Quarry Hill VIC 3550

House

$515,000

Last sold

12 Nov 2024

3

Bedrooms

1

Bathrooms

3

Car spaces

475 m²

Land

91 m²

Building

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $515,000 (12 Nov 2024).(Recorded sale)
  • CalculationLand 475 m² against a 91 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationRecorded House sales in Quarry Hill (last 5 years) with land size: median $1,159/m² of land (n=70). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

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

What this lot has actually traded at

Last sold

$515,000

12 Nov 2024 · derived via latest_sale

Local land rate: recorded House sales in Quarry Hill (last 5 years) with land size have a median of $1,159/m² of land (n=70). Districts calculation from recorded sales — not a valuation.

Quarry Hill at a glance

2,411

People

$657,500

Median sale

$460/wk

Median rent

3.64%

Suburb gross yield

Median sale from 22 recorded sales (last 12 months) — a Districts calculation.

See the full Quarry Hill report →

Vs Quarry Hill

-21.7%

Median sale

Suburb $657,500

+1.00 pp

Gross yield

Suburb 3.64%

Suburb median $657,500 from 22 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

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. Sold$515,00012 Nov 2024
  2. Listedprice unknowncompleted24 Sept 2024
  3. Listedprice unknowncompleted24 Sept 2024

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 $460/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

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

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

Quarry Hill in one glance

Quarry Hill at a glance

2,411

People

$657,500

Median sale

$460/wk

Median rent

3.64%

Suburb gross yield

Median sale from 22 recorded sales (last 12 months) — a Districts calculation.

See the full Quarry Hill report →

Keep researching

  • Why Quarry Hill? Read the area thesis →
  • What else is on the market in Quarry Hill →
  • Other records on Russell St →

Listing material

Listed by PRD Bendigo

Cozy Comfort Meets Convenience!

Discover the perfect blend of comfort and character in this updated cottage at 16 Russell Street. With gorgeous wainscoting throughout, this home exudes charm and warmth from the moment you step inside.

Relax in the cozy lounge, featuring a beautiful fireplace that invites you to unwind after a long day. The main bedroom, also with its own fireplace, creates an intimate retreat, ensuring your comfort year-round.

The kitchen offers ample space for dining, making it the ideal spot for entertaining family and friends. With its own fireplace, the kitchen becomes the heart of the home, where culinary delights are easily paired with great conversation.

Read the full description

Step outside to enjoy the covered patio and porch, perfect for morning coffee or evening relaxation. The spacious main bathroom and laundry provide all the functionality you need, while side access leads to a double lock-up shed, ensuring plenty of storage for your hobbies and tools.

Located within walking distance of the Queens Arms Hotel, charming cafes, and Fit Republic, you'll have everything you need right at your doorstep. Plus, with Bendigo CBD just a quick 4-minute drive away, you can enjoy the best of both worlds: a tranquil retreat with easy access to the city's vibrant life.

Don't miss this opportunity to make 16 Russell Street your new home-where charm meets convenience in Quarry Hill!

Listing description written by Matt Ingram, PRD Bendigo — reproduced as published, not verified by Districts.

Property features

  • Built-in Robes
  • Courtyard
  • Ducted Heating
  • Shed
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.