Devon Meadows at a glance
1,563
People
$1,455,000
Median sale
$593/wk
Median rent
2.12%
Suburb gross yield
Median sale from 5 recorded sales (last 24 months) — a Districts calculation.
VIC › Devon Meadows › South Gippsland Hwy
6
Bedrooms
3
Bathrooms
6
Car spaces
28,732.681 m²
Land
Districts View
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
No recorded sale price for this property yet.
Local land rate: recorded Rural Property sales in Devon Meadows (last 5 years) with land size have a median of $214/m² of land (n=8). Districts calculation from recorded sales — not a valuation.
Devon Meadows at a glance
1,563
People
$1,455,000
Median sale
$593/wk
Median rent
2.12%
Suburb gross yield
Median sale from 5 recorded sales (last 24 months) — a Districts calculation.
Planning
Planning scheme
ZN
Zone
FARMING ZONE - SCHEDULE 3
FZ3
Jurisdiction
Casey
Casey, VIC
Official property report
The original government planning document for this property. Sign in to view or download the PDF. Districts facts are a separate GIS extract and may not include every statement in the report.
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 FARMING ZONE - SCHEDULE 3 · FZ3 (ZN). Official parcel area about 9,119 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. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $593/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 FARMING ZONE - SCHEDULE 3 · FZ3 (ZN). Official parcel area about 9,119 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
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 9,119 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
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.
Area
Devon Meadows at a glance
1,563
People
$1,455,000
Median sale
$593/wk
Median rent
2.12%
Suburb gross yield
Median sale from 5 recorded sales (last 24 months) — a Districts calculation.
Listing material
Listed by Goldbank Real Estate GroupGoldbank Realestate is extremely delighted to present you a substantial Corner Block of land ( 7.1 acres approx ) for Sale and are on the market to Sell for the first time in over more than 63 years. Both the Properties, 1870 South Gippsland Highway, Devon Meadows & 14 Rawlins Road, Devon Meadows are earmarked for residential development within the Devon Meadows PSP.
The subject site is currently being used as a Plant Nursery and is just moments away from Cranbourne Train station, Cranbourne Park & Botanic Ridge Shopping Centre. 5 Minute's drive from Cranbourne Racecourse and Botanical Gardens. Situated on a busy Highway property is close to all local amenities, Schools, and Hospitals.
Key Features :
~ Site - 2.9 Ha* (28,094 m2 ), 7.1 Acres
~ Combined 288.4Metre Frontage ( South Gippsland Hwy & Rawlins Rd )
~ Corner Site on Two Separate Titles
~ Heavy Traffic Area / Highway Exposure Site / Flat land
~ 2 Highway Entrances plus Rawlins Road entrance
~ 49 sq Double-Brick 4 bedroom house, Zoned Heating & Cooling, Swimming pool
~ Situated only 50 km from Melbourne CBD in Australia's fastest growing corridors, Borders the Casey Fields PSP which is designated to be the Industrial Hub for the region.
~ Being a corner site can offer a wide range of development opportunities in the future which can be the medical centre, or childcare, etc.
~ Fully Setup Nursery with 3 Bores, half million plus water storage tanks, Automatic Irrigation to the whole site, Site office, Shedding, Glass House, Various Shade houses & Igloos, Concrete Loading Bays & Soil Bins, Security Cameras.
The City of Casey is experiencing particularly high levels of growth & development. The current population of 392,636 and is anticipated to grow by 40 percent to 551,362 in the next 20 years. Devon Meadows & Casey fields south have a combined area of 536 Ha approximately the same size as Melbourne's Central Business District. Both precincts together are expected to deliver 3200 lots & 5400 jobs.
Goldbank Team welcomes you and looks forward to meeting you at the open.
NOTE: link for Due Diligence Checklist:
http://www.consumer.vic.gov.au/duediligencechecklist
Disclaimer: All dimensions, sizes, and layout are approximate. The photos are for illustrative purposes only and include virtual furniture for display purposes only.
Listing description written by Ap Sidhu, Goldbank Real Estate Group — reproduced as published, not verified by Districts.
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