Merbein at a glance
2,789
People
$460,000
Median sale
$390/wk
Median rent
4.41%
Suburb gross yield
Median sale from 37 recorded sales (last 12 months) — a Districts calculation.
VIC › Merbein › Commercial St
$260,000
Last sold
20 Sept 2023
3
Bedrooms
1
Bathrooms
2
Car spaces
1,015 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
$260,000
20 Sept 2023 · derived via latest_sale
Local land rate: recorded House sales in Merbein (last 5 years) with land size have a median of $475/m² of land (n=69). Districts calculation from recorded sales — not a valuation.
Merbein at a glance
2,789
People
$460,000
Median sale
$390/wk
Median rent
4.41%
Suburb gross yield
Median sale from 37 recorded sales (last 12 months) — a Districts calculation.
Vs Merbein
-43.5%
Median sale
Suburb $460,000
+3.39 pp
Gross yield
Suburb 4.41%
Suburb median $460,000 from 37 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
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
VICPlanning 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.
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
No advertised rent is recorded. Suburb median rent $390/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.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
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?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). 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
UnknownDevelopment applications have not been queried 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
Merbein at a glance
2,789
People
$460,000
Median sale
$390/wk
Median rent
4.41%
Suburb gross yield
Median sale from 37 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Area Specialist VictoriaFor Sale by Openn Offers - Final Offer Stage Thursday September 7th @5.30PM (If not sold prior)
ITS ADDRESSED
Step into the world of potential and possibilities with this charming 3-bedroom, 1-bathroom home in the heart of Merbein. Boasting a tenant, this property offers a unique opportunity for both astute investors and homebuyers looking to make their mark. With a current tenant in place, you can immediately start reaping the rewards of this promising investment.
Key Highlights:
Investor's Delight:
For savvy investors, this property is a hidden gem. With a tenant already in residence, you can enjoy immediate rental income while exploring its long-term potential. Maximize your returns and grow your investment portfolio with this excellent opportunity.
Spacious Block of Land:
Nestled on a generous 1015m2 approx. block of land with rear lane access, this property presents exciting possibilities. Whether you choose to retain it as a rental or explore development options, the ample space provides endless potential.
Comfort and Convenience:
The home features a reverse cycle split system, ensuring comfort for both the tenant and future homeowners. With a well-designed layout and a versatile floor plan, this property offers a multitude of options for creating your dream living space.
Embrace the Future:
The current tenant opens up the opportunity for you to secure a property with potential while considering your next steps. Whether you plan to move in later, renovate, or continue as an investment, this home provides the flexibility you need.
Convenient Location:
Enjoy the convenience of living in close proximity to the Merbein P10 school, shops, and essential amenities. Embrace a lifestyle that combines comfort and accessibility in this vibrant Merbein community.
Seize the Opportunity:
This property is a canvas for you to paint your future. Take advantage of the existing tenancy and explore the possibilities that await you. Whether you're an investor or a homebuyer, now is the time to make your move and secure your place in this sought-after location.
Act Now:
Don't miss out on this rare opportunity to own a property with both an existing tenant and the potential to shape it to your vision. Arrange a viewing today and unlock the possibilities that await you in this hidden gem. Contact us now to take the first step toward embracing your future in Merbein.
For more Real Estate in Merbein contact your Area Specialist.
Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers/tenants are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.
Listing description written by Luke Walker, Area Specialist Victoria — reproduced as published, not verified by Districts.