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VIC › Selby › Banool Rd

2 Banool Rd, Selby VIC 3159

House

$833,500

Last sold

21 Mar 2025

4

Bedrooms

2

Bathrooms

2

Car spaces

2,173 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $833,500 (21 Mar 2025).(Recorded sale)
  • FactLand 2,173 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Selby (last 5 years) with land size: median $431/m² of land (n=70). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

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

What this lot has actually traded at

Last sold

$833,500

21 Mar 2025 · derived via latest_sale

Local land rate: recorded House sales in Selby (last 5 years) with land size have a median of $431/m² of land (n=70). Districts calculation from recorded sales — not a valuation.

Selby at a glance

1,603

People

$840,000

Median sale

$628/wk

Median rent

3.89%

Suburb gross yield

Median sale from 17 recorded sales (last 12 months) — a Districts calculation.

See the full Selby report →

Vs Selby

-0.8%

Median sale

Suburb $840,000

+0.03 pp

Gross yield

Suburb 3.89%

Suburb median $840,000 from 17 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

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. Sold$833,50021 Mar 2025
  2. Listedprice unknowncompleted13 Mar 2025

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 $628/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

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

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

Selby in one glance

Selby at a glance

1,603

People

$840,000

Median sale

$628/wk

Median rent

3.89%

Suburb gross yield

Median sale from 17 recorded sales (last 12 months) — a Districts calculation.

See the full Selby report →

Keep researching

  • Why Selby? Read the area thesis →
  • What else is on the market in Selby →
  • Other records on Banool Rd →

Listing material

Listed by Bell Real Estate Emerald

Family Home in Serene Selby Setting.

Situated on an expansive 2173sqm block in the tranquil suburb of Selby, this 4-bedroom, 2-bathroom home offers a perfect balance of modern living and natural beauty. With ground level access at the back and steps at the front leading to a large deck, which opens to a spacious entertaining area. From here, you can enjoy views over Minak Reserve from the outdoor spa for ultimate relaxation.

Inside the home, two large living areas with hardwood floors, create a warm and inviting atmosphere. Gas ducted heating and evaporative ducted cooling ensure year-round comfort throughout the house, while the ducted vacuum system adds convenience. The open-plan kitchen and dining area features slate flooring, plenty of bench space, wall-mounted oven, gas stovetop, and dishwasher, all with views of the rear garden.

A hallway lined with cupboards leads to 3 generous bedrooms, each with hardwood floors, built-in robes, and large windows that allow an abundance of natural light. A central bathroom with a spa bath is located nearby, along with a separate toilet that offers dual access from the laundry.

Read the full description

The main bedroom features a generous walk-in robe while the ensuite affords additional convenience and privacy.

Outside, the property is equally impressive with a family sized wood fired pizza oven perfect for alfresco dining, a garden shed, and a vegetable patch with protective netting. A lemon tree and secure chook run adds to the charm of the fully fenced rear yard. The home also benefits from water tanks and solar panels, offsetting electricity usage and providing an eco-friendly and sustainable water source for gardening and general use. The property also includes a double carport, with further off-street parking providing space for the family’s cars and toys.

Away from the noise of the main road but still just a couple of minutes’ walk to the primary school, bus stop, medical centre, tennis courts and the lively community house incorporating the Selby Childcare Centre, this home offers a unique opportunity to enjoy a peaceful and private lifestyle, while still being close to all the conveniences you need.

Call Aaron Day 0407 365 994 or Bethany Sullivan 0438 844 968.

Please note: All property details shown are correct at time of publishing. Some properties may have been sold in the preceding 24 hours and we recommend that you confirm open for inspection times with the listing agent direct or the listing office.

Listing description written by Aaron Day, Bell Real Estate Emerald — reproduced as published, not verified by Districts.

Property features

  • Deck
  • Floorboards
  • Outside Spa
  • Shed
  • Solar Panels
  • Toilets: 2
  • Water Tank
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.