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VIC › Lynbrook › Paterson Dr

198 Paterson Dr, Lynbrook VIC 3975

For saleHouse for Sale

$1,100,000–$1,200,000

For sale

Asking range

5

Bedrooms

2

Bathrooms

2

Car spaces

696 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,100,000–$1,200,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,100,000–$1,200,000(Listing record · 9 July 2026)
  • FactLand 696 m²; no building size recorded.(Property record)
  • CalculationAsk is 25% above the Lynbrook median recorded sale ($880,000, n=46, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Lynbrook's advertised median rent ($624/wk), implied gross yield would be 2.95% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No 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

$1,100,000–$1,200,000

Asking range · $1,580/m² of land

No recorded sale for this property.

Lynbrook at a glance

10,637

People

$880,000

Median sale

$624/wk

Median rent

3.69%

Suburb gross yield

Median sale from 46 recorded sales (last 12 months) — a Districts calculation.

See the full Lynbrook report →

Vs Lynbrook

+25.0%

Median sale

Suburb $880,000

-0.74 pp

Gross yield

Suburb 3.69%

Suburb median $880,000 from 46 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
$1,100,000
Stamp Duty (Victoria)
$60,500
Transfer/Registration Fee
$2,678
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
$1,166,878

$66,878 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 Lynbrook's advertised median rent — not a rent for this listing.

Net yield
1.45%
Annual cashflow (pre-tax)
$-41,252
Interest cover (DSCR)
0.28
Annual rent
$32,448
Operating expenses
$16,500
Loan amount
$880,000
Annual interest
$57,200
Gross yield
2.95%

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 data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

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

  1. Listed$1,100,000–$1,200,000available9 July 2026

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?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $624/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 2.9%. 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.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • 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?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). 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

    Development applications have not been queried 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

Lynbrook in one glance

Lynbrook at a glance

10,637

People

$880,000

Median sale

$624/wk

Median rent

3.69%

Suburb gross yield

Median sale from 46 recorded sales (last 12 months) — a Districts calculation.

See the full Lynbrook report →

Keep researching

  • Why Lynbrook? Read the area thesis →
  • What else is on the market in Lynbrook →
  • Other records on Paterson Dr →

Listing material

Listed by Area Specialist Casey

Beautifully Refreshed Family Living with Resort-Style Entertaining

LYNBROOK: Freshly refreshed and beautifully presented, this exceptional family residence delivers the perfect balance of space, style and year-round entertaining. Set on a generous 696sqm (approx.) allotment in one of Lynbrook's most sought-after locations, this move-in-ready home has been thoughtfully updated to offer modern comfort with impressive indoor and outdoor living.

Freshly painted throughout and complemented by brand-new carpets, the home welcomes you with a functional floorplan designed for growing families. The spacious master suite provides a peaceful parents' retreat, complete with a walk-in robe and private ensuite, while three additional bedrooms with built-in robes are serviced by a central family bathroom. A dedicated study near the entrance offers the ideal space for those working from home or as a quiet study area for the children.

At the heart of the home is the fully renovated designer kitchen, beautifully appointed with stone benchtops, quality new appliances, ample storage and modern finishes. Overlooking the expansive open-plan family and dining areas, it creates the perfect hub for everyday living and effortless entertaining.

Read the full description

Multiple living zones ensure everyone has room to spread out, with a formal lounge at the front of the home and a separate rumpus room providing flexible spaces for relaxation, family movie nights or children's play.

Step outside and experience the true highlight of this stunning property. Large bifold doors seamlessly connect the indoor living spaces to the impressive covered alfresco, complete with a wood fireplace, creating the perfect setting for entertaining family and friends in every season. Beyond, the spectacular 12 metre mineral swimming pool creates a resort-style atmosphere, while the gazebo and spacious backyard provide plenty of room for children, pets and relaxed outdoor living.

Whether you're hosting summer pool parties, enjoying cosy winter evenings by the fire, or simply unwinding in your own private oasis, this home offers an exceptional lifestyle that is becoming increasingly difficult to find.

Main Features:

Freshly painted throughout

Brand-new carpets

Generous 696sqm (approx.) allotment

Four spacious bedrooms

Master bedroom with walk-in robe and full ensuite

Built-in robes to remaining bedrooms

Dedicated study/home office

Formal living room

Open-plan family and dining area

Separate rumpus room

Fully renovated kitchen with stone benchtops and quality new appliances

Ample storage throughout

Central family bathroom

Covered alfresco with bifold doors and wood fireplace

12 metre mineral swimming pool

Solar

Gazebo

Garden shed

Double remote garage with internal access

Spacious backyard for children and pets

Right across the wetlands ideal for bicycle rides pet walks

Perfectly Positioned Close To:

Primary and secondary schools

Lynbrook Village Shopping Centre

Childcare facilities

Public transport

Parklands and walking tracks

Easy access to South Gippsland Highway

Offering the complete family lifestyle with modern updates, multiple living areas and exceptional outdoor entertaining, this is a home where memories are made for years to come.

Don't miss this outstanding opportunity to secure a beautifully updated family home in a premium Lynbrook location. Contact YOUR AREA SPECIALIST HARDEEP SINGH today to arrange your inspection.

PHOTO ID REQUIRED AT ALL OPEN FOR INSPECTIONS.

Every care has been taken to verify the accuracy of the information contained in this advertisement; however, we cannot guarantee its correctness. Prospective purchasers are advised to conduct their own investigations and satisfy themselves regarding all relevant matters.

Listing description written by Hardeep Singh, Area Specialist Casey — reproduced as published, not verified by Districts.

Property features

  • Toilets: 2
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.