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VIC › Belgrave South › Bellany Rd

17 Bellany Rd, Belgrave South VIC 3160

For saleRural Property

$3,500,000–$3,800,000

For sale

Asking range

$2,800,000

Last sold

13 Jan 2023

4

Bedrooms

2

Bathrooms

6

Car spaces

60,702.846 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $3,500,000–$3,800,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $3,500,000–$3,800,000(Listing record · 17 Aug 2026)
  • FactLand 60,703 m²; no building size recorded.(Property record)
  • CalculationAsk is 241% above the Belgrave South median recorded sale ($1,027,500, n=12, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Belgrave South's advertised median rent ($628/wk), implied gross yield would be 0.93% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • FactZoned GREEN WEDGE ZONE - SCHEDULE 2 (GWZ2) under the ZN.(Vicmap Planning · 1 Sept 2026)

What could make it worth less?

  • FactSIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 1 intersects 99.8% of this parcel.(Vicmap Planning · 1 Sept 2026)
  • FactBUSHFIRE MANAGEMENT OVERLAY intersects 69.2% of this parcel.(Vicmap Planning · 1 Sept 2026)
  • FactENVIRONMENTAL SIGNIFICANCE OVERLAY - SCHEDULE 1 intersects 39.9% of this parcel.(Vicmap Planning · 1 Sept 2026)

What should you verify next?

  1. 1SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 1 affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  2. 2BUSHFIRE MANAGEMENT OVERLAY affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  3. 3ENVIRONMENTAL SIGNIFICANCE OVERLAY - SCHEDULE 1 affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  4. 4No 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

$3,500,000–$3,800,000

Asking range · $58/m² of land

Last recorded sale $2,800,000 (13 Jan 2023).

Belgrave South at a glance

1,646

People

$1,027,500

Median sale

$628/wk

Median rent

3.18%

Suburb gross yield

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

See the full Belgrave South report →

Vs Belgrave South

+240.6%

Median sale

Suburb $1,027,500

-2.25 pp

Gross yield

Suburb 3.18%

Suburb median $1,027,500 from 12 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
$3,500,000
Stamp Duty (Victoria)
$207,500
Transfer/Registration Fee
$3,614
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
$3,714,814

$214,814 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 Belgrave South's advertised median rent — not a rent for this listing.

Net yield
-0.57%
Annual cashflow (pre-tax)
$-201,844
Interest cover (DSCR)
-0.11
Annual rent
$32,656
Operating expenses
$52,500
Loan amount
$2,800,000
Annual interest
$182,000
Gross yield
0.93%

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 scheme

ZN

Zone

GREEN WEDGE ZONE - SCHEDULE 2

GWZ2

Jurisdiction

Yarra Ranges

Yarra Ranges, VIC

Planning overlays

  • SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 1Detected — 99.8% of parcel

Development activity

Data unavailable

Source

  • Provider: Vicmap Planning
  • Dataset: PLAN_ZONE
  • Retrieved: 31 Aug 2026
  • Version: 1
  • Parcel: 1611126

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

Detected — official

The official layer maps a bushfire risk zone on this parcel, intersecting about 69.2% of it (Vicmap Planning, retrieved 31 Aug 2026). Verify the extent against the title before relying on unaffected land.

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

202320242026$2.8m$3.5m
  • Sold (recorded)
  • Asking price (not a sale)
  1. Listed$3,500,000–$3,800,000available16 Aug 2026
  2. Sold$2,800,00013 Jan 2023
  3. Listedprice unknowncompleted19 Oct 2022
  4. Listedprice unknowncompleted19 Oct 2022

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?

Confidence: medium

Zoned GREEN WEDGE ZONE - SCHEDULE 2 · GWZ2 (ZN). Official parcel area about 129,672 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.

What could kill that thesis?

Confidence: low

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. Official parcel about 129,672 m² — land size can look like optionality. What reduces it: SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 1; BUSHFIRE MANAGEMENT OVERLAY; ENVIRONMENTAL SIGNIFICANCE OVERLAY - SCHEDULE 1. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack. 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 $628/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 0.9%. 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.

3 of 10 questions answered so far

  • Development optionality of this lot

    Knownmedium

    Zoned GREEN WEDGE ZONE - SCHEDULE 2 · GWZ2 (ZN). Official parcel area about 129,672 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

    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?

    Knownlow

    Official parcel about 129,672 m² — land size can look like optionality. What reduces it: SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 1; BUSHFIRE MANAGEMENT OVERLAY; ENVIRONMENTAL SIGNIFICANCE OVERLAY - SCHEDULE 1. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.

  • Lot-level flood

    Unknown

    Flood overlay has not been queried for this lot. 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

    No DA adapter returned applications 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

Belgrave South in one glance

Belgrave South at a glance

1,646

People

$1,027,500

Median sale

$628/wk

Median rent

3.18%

Suburb gross yield

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

See the full Belgrave South report →

Keep researching

  • Why Belgrave South? Read the area thesis →
  • What else is on the market in Belgrave South →
  • Other records on Bellany Rd →

Listing material

Listed by First National Real Estate Ranges

A Private Lifestyle Estate on 15 Magnificent Acres with Stunning Views

Beautiful mornings and sensational sunsets, views from every window.

Beyond a secure gated entrance and sweeping sealed driveway lies an exceptional lifestyle estate where luxury, privacy and breathtaking natural beauty converge. Set amidst approximately 15 pristine acres with picturesque views across rolling countryside, this remarkable residence offers an unparalleled opportunity to embrace refined country living without compromising convenience.

Designed on a grand scale and crafted for both sophisticated entertaining and relaxed family living, the home immediately impresses with its soaring 10-foot ceilings, expansive proportions and an abundance of natural light. Elegant formal and informal living zones provide exceptional versatility, including a gracious formal lounge and dining room centred around an inviting fireplace, a substantial family and meals domain warmed by a fireplace, an impressive rumpus/games room, and a dedicated executive office for those working from home.

Read the full description

At the centre, the beautifully appointed timber and granite kitchen has been designed to inspire. Featuring, expansive stone preparation surfaces, extensive cabinetry, quality appliances and a generous walk-in pantry, it effortlessly caters to everyday family life as well as large-scale entertaining. Flowing seamlessly outdoors, the kitchen and living spaces open onto an expansive covered Merbau entertaining deck, complete with outdoor café blinds, overlooking the secure rear gardens and spectacular rural vistas beyond—creating an idyllic setting for year-round gatherings with family and friends.

The thoughtfully designed accommodation comprises four generous bedrooms, each offering exceptional comfort and privacy. The luxurious primary suite occupies its own private wing, complete with a spacious walk-in robe and elegant ensuite. A beautifully appointed guest suite also enjoys a walk-in robe and private ensuite, while two further oversized bedrooms with built-in robes are serviced by a stylish central family bathroom.

Adding further practicality is an oversized laundry and mudroom, ideal for busy family living and country pursuits, while the substantial four-car garage with internal access, additional carport and extensive parking ensure ample space for vehicles, trailers and recreational equipment.

The estate has been thoughtfully enhanced with every modern convenience, 3 phase heating and cooling, a security alarm system, CCTV surveillance, extensive outdoor lighting, mains water, gas supply, and a 4.7kW solar system with a 5.3kW inverter, delivering energy efficiency without compromise.

Perfectly equipped for equestrian enthusiasts, hobby farmers or grazing livestock, the property offers exceptional infrastructure with four well-fenced paddocks, electric fencing to the perimeter, the water supply to the three large paddocks via mains or storm water tank with pump,

a livestock loading ramp and holding yard, machinery and tack shed with its own independent entrance, plus undercover storage for hay and firewood. The established gardens, complete with mature shade trees and productive fruit trees, further enhance the estate's picturesque setting.

Despite its peaceful rural atmosphere, this outstanding property enjoys an enviable level of convenience. Located just 1.1 kilometres from the heart of Belgrave South, the estate is moments from quality schools, local shopping, cafés and sporting facilities, while Belgrave Railway Station, Wellington Road, EastLink and the M1 freeway provide effortless access to Melbourne and surrounding regions. For horse lovers, the location is second to none, with the local pony club within walking distance and direct access to scenic riding trails from the property itself.

Offering a rare combination of timeless elegance, exceptional infrastructure and an idyllic lifestyle setting, this is a property of remarkable scale and substance where every element has been carefully considered. A truly distinguished country estate, ready to be enjoyed for generations to come.

Call local agents Mick Dolphin 0429 684 522 or Caiti Ellis 0493 136 937 to arrange a viewing.

Photo ID required at all our open for inspections and auctions. We may refuse to provide further information on the property should you prefer not to disclose your full contact information including phone number. Please note that properties listed for auction may be sold prior.

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements. Prospective purchasers should make their own enquiries to verify the information.

Photos may include virtual staging.

Purchasers should make their own enquiries and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist

Listing description written by Mick Dolphin, First National Real Estate Ranges — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Deck
  • Dishwasher
  • Ensuites: 1
  • Floorboards
  • Fully Fenced
  • Remote Garage
  • Rumpus Room
  • Solar Panels
  • Water Tank
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.