Benalla at a glance
10,864
People
$500,000
Median sale
$464/wk
Median rent
4.83%
Suburb gross yield
Median sale from 154 recorded sales (last 12 months) — a Districts calculation.
VIC › Benalla › Psaltis Pde
$742,000
Last sold
30 July 2026
5
Bedrooms
2
Bathrooms
2
Car spaces
841 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
$742,000
30 July 2026 · derived via latest_sale
Local land rate: recorded House sales in Benalla (last 5 years) with land size have a median of $687/m² of land (n=122). Districts calculation from recorded sales — not a valuation.
Benalla at a glance
10,864
People
$500,000
Median sale
$464/wk
Median rent
4.83%
Suburb gross yield
Median sale from 154 recorded sales (last 12 months) — a Districts calculation.
Vs Benalla
+48.4%
Median sale
Suburb $500,000
-1.58 pp
Gross yield
Suburb 4.83%
Suburb median $500,000 from 154 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
GENERAL RESIDENTIAL ZONE - SCHEDULE 1
GRZ1
Jurisdiction
Benalla
Benalla, VIC
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.
The official layer maps a flood zone on this parcel, intersecting about 99.8% of it (Vicmap Planning, retrieved 31 Aug 2026). Verify the extent against the title before relying on unaffected land.
The official layer maps a bushfire risk zone on this parcel, intersecting about 99.8% of it (Vicmap Planning, retrieved 31 Aug 2026). Verify the extent against the title before relying on unaffected land.
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 GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 821 m². Dual occupancy looks constrained by site overlays or terrain. Two-lot subdivision looks constrained (often the rear or handle of the lot). 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.
99.8% of the official parcel intersects the loaded flood overlay. Layer: LAND SUBJECT TO INUNDATION OVERLAY. That is a finance, insurance, and rentability screen — distinct from whether the land can be subdivided. It is not a flood certificate or an insurer quote. Flood overlay on a material share of the lot can kill a rear-lot or battleaxe subdivision story. Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Official parcel about 821 m² — land size can look like optionality. What reduces it: BUSHFIRE MANAGEMENT OVERLAY; LAND SUBJECT TO INUNDATION OVERLAY. 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
No advertised rent is recorded. Suburb median rent $464/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. Flood on or flagged for this lot can discount tenant demand versus a dry comparable.
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
This looks more like a hold-as-is house than a development site. Flood on the lot is the first thing to price.
Detail
Official parcel about 821 m² — land size can look like optionality. What reduces it: BUSHFIRE MANAGEMENT OVERLAY; LAND SUBJECT TO INUNDATION OVERLAY. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.
Nearby competing dwellings and net yield are still unknown.
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.
4 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 821 m². Dual occupancy looks constrained by site overlays or terrain. Two-lot subdivision looks constrained (often the rear or handle of the lot). 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?
KnownmediumOfficial parcel about 821 m² — land size can look like optionality. What reduces it: BUSHFIRE MANAGEMENT OVERLAY; LAND SUBJECT TO INUNDATION OVERLAY. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.
Lot-level flood
Knownmedium99.8% of the official parcel intersects the loaded flood overlay. Layer: LAND SUBJECT TO INUNDATION OVERLAY. That is a finance, insurance, and rentability screen — distinct from whether the land can be subdivided. It is not a flood certificate or an insurer quote.
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
Benalla at a glance
10,864
People
$500,000
Median sale
$464/wk
Median rent
4.83%
Suburb gross yield
Median sale from 154 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White BenallaOccupying a prized position in one of Benalla's most prestigious pockets, this architect-designed residence by renowned architect J. Herniman delivers a refined blend of space, elegance and lifestyle. Overlooking the nature reserve opposite, the home enjoys a tranquil setting while remaining just moments from the CBD, Lake Benalla, scenic walking trails, the acclaimed Benalla Art Gallery and the town's vibrant street art precinct.
Showcasing timeless architectural design and generous proportions throughout, the home offers an exceptionally versatile floorplan comprising five bedrooms and three distinct living zones. At its heart, the impressive sunken lounge creates a sophisticated space for relaxation and entertaining, complemented by an abundance of natural light and seamless connection to the surrounding gardens.
The luxurious main bathroom and beautifully appointed ensuite have been crafted with style and comfort in mind, while the private upstairs retreat, complete with bedroom and living area, provides an ideal haven for guests, teenagers or extended family.
Designed to accommodate both growing families and those who love to entertain, the home's multiple living spaces provide flexibility for every stage of life. Expansive windows throughout capture leafy outlooks and invite natural light into the interiors, enhancing the sense of warmth and openness that defines the residence.
The well-considered floorplan effortlessly balances communal living with private retreats, ensuring every member of the family has space to relax and unwind. Quality craftsmanship, timeless finishes and thoughtful architectural details are showcased throughout, creating a home that remains as functional as it is visually striking.
Outside, the established gardens provide a peaceful setting that perfectly complements the home's natural surroundings. Whether enjoying a morning coffee overlooking the reserve, entertaining family and friends, or simply appreciating the serenity of the location, this property offers a lifestyle that is increasingly difficult to find.
Combining architectural significance, substantial family accommodation and an enviable lifestyle setting, this distinguished residence presents a rare opportunity to secure a home of enduring quality and elegance in one of Benalla's most tightly held locations. A residence of this calibre, position and design pedigree is seldom offered to the market, making 17 Psaltis Parade an exceptional opportunity for discerning buyers seeking something truly special.
Listing description written by Shayne McKean, Ray White Benalla — reproduced as published, not verified by Districts.