Wallan at a glance
17,240
People
$615,000
Median sale
$520/wk
Median rent
4.40%
Suburb gross yield
Median sale from 74 recorded sales (last 12 months) — a Districts calculation.
$590,000
Last sold
14 Mar 2023
4
Bedrooms
2
Bathrooms
2
Car spaces
600 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
$590,000
14 Mar 2023 · derived via latest_sale
Local land rate: recorded House sales in Wallan (last 5 years) with land size have a median of $1,250/m² of land (n=65). Districts calculation from recorded sales — not a valuation.
Wallan at a glance
17,240
People
$615,000
Median sale
$520/wk
Median rent
4.40%
Suburb gross yield
Median sale from 74 recorded sales (last 12 months) — a Districts calculation.
Vs Wallan
-4.1%
Median sale
Suburb $615,000
+0.18 pp
Gross yield
Suburb 4.40%
Suburb median $615,000 from 74 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
GENERAL RESIDENTIAL ZONE - SCHEDULE 1
GRZ1
Jurisdiction
Mitchell
Mitchell, 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.
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 GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 602 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. Official parcel about 602 m² — land size can look like optionality. What reduces it: DEVELOPMENT PLAN OVERLAY - SCHEDULE 8. 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 $520/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 GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 602 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.
Area
Wallan at a glance
17,240
People
$615,000
Median sale
$520/wk
Median rent
4.40%
Suburb gross yield
Median sale from 74 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts Rata & CoSituated in the growing Springridge Estate, this beautiful home offers the perfect forever family home. Contemporary in design you will find neutral tones throughout, well-proportioned rooms and room for entertaining both inside and out.
The single level layout comprises of four good-sized bedrooms with BIR (master with WIR and full ensuite), a separate study, formal living area, central bathroom and a light-filled open plan living and dining area which adjoins the lovely kitchen featuring stone benchtops, s/s appliances, a breakfast bar and walk-in pantry. From here, access the low-maintenance backyard which offers a sizeable undercover decking area, perfect for entertaining all year round.
Additional features include a double garage with internal access, gorgeous window furnishings, ducted heating and evaporative cooling.
Located in a family friendly pocket, amenities are just a short drive away including Wellington Square shopping centre, Wallan Primary School, Wallan Secondary College, childcare facilities and just a short walk to nearby parklands and reserves.
A perfect opportunity for first home buyers, growing families and investors. Get in touch today to secure this wonderful opportunity.
PHOTO ID REQUIRED
Due diligence checklist - consumer.vic.gov.au/duediligencechecklist
Privacy Policy and Privacy Collection Notice - rataandco.com.au/privacy-policy
Material Facts - please refer to the contract of sale and vendor statement for any/all material facts.
Land size sourced from land.vic.gov.au. This document has been prepared to assist solely in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, Harcourts Rata & Co takes no responsibility for any inaccuracies. Accordingly all interested parties should make their own enquiries to verify the information, including and not limited to land size.
Listing description written by Mario Tucci, Harcourts Rata & Co — reproduced as published, not verified by Districts.
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?
KnownlowOfficial parcel about 602 m² — land size can look like optionality. What reduces it: DEVELOPMENT PLAN OVERLAY - SCHEDULE 8. 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.