Parkes at a glance
11,407
People
$475,000
Median sale
$408/wk
Median rent
4.47%
Suburb gross yield
Median sale from 71 recorded sales (last 12 months) — a Districts calculation.
$532,000
Last sold
29 July 2026
3
Bedrooms
2
Bathrooms
2
Car spaces
903 m²
Land
243 m²
Building
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
$532,000
29 July 2026 · derived via latest_sale
Local land rate: recorded House sales in Parkes (last 5 years) with land size have a median of $577/m² of land (n=55). Districts calculation from recorded sales — not a valuation.
Parkes at a glance
11,407
People
$475,000
Median sale
$408/wk
Median rent
4.47%
Suburb gross yield
Median sale from 71 recorded sales (last 12 months) — a Districts calculation.
Vs Parkes
+12.0%
Median sale
Suburb $475,000
-0.48 pp
Gross yield
Suburb 4.47%
Suburb median $475,000 from 71 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
NSWPlanning 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.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Rental
No advertised rent is recorded. Suburb median rent $408/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. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. 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. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
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
UnknownNSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
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
UnknownNSW Valuer General land values are not loaded for this property yet.
Net yield / holding costs
UnknownNSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Area
Parkes at a glance
11,407
People
$475,000
Median sale
$408/wk
Median rent
4.47%
Suburb gross yield
Median sale from 71 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Our City Real EstateRarely does an opportunity of this magnitude emerge in the Parkes market, offering what is arguably the premier elevated position in the district. Situated on a commanding 903m² parcel, 2 Heron Avenue is defined by its breathtaking, uninterrupted easterly aspect. From this high point, you are treated to a front-row seat for every sunrise over the rolling hills, with morning light flooding across the township in a view that simply cannot be replicated or built out.
This is a property for those with a clear vision, a true renovator's dream that demands a total reimagining to match its elite location. While the existing structure requires work, it serves as a robust and generous canvas for a high-end architectural transformation. The dwelling is uniquely designed over two levels, featuring a substantial footprint of approximately 243m². The lower level is incredibly versatile, providing a secure double garage, a large rumpus room, and significant storage space, offering a functional foundation that can be transformed into a teenager's retreat, a home business setup, or a massive entertainment zone. The layout above is primed to be stripped back and redesigned to pull those panoramic easterly views into every main living space, turning a solid foundation into a modern masterpiece.
Beyond the boundaries of the block, the location is gold-standard, positioned within the sought-after Parkes East Public School catchment and surrounded by established, high-quality homes. Whether you are a builder looking for your next marquee project or a family ready to create a forever estate on the best parcel in town, this property represents the ultimate blank canvas. Sold as-is, this is your chance to secure an irreplaceable slice of Parkes real estate and turn an original hilltop home into the envy of the neighborhood. Bring your builder and your ambition to witness a vista that must be experienced in person to be truly appreciated.
Features
Master suite featuring a private ensuite and built-in robe
Main bathroom with separate toilet
Kitchen with breakfast bar and ample storage
Additional 2 bedrooms with built-in wardrobes
Reverse cycle split system and evaporative air unit for heating and cooling
Multiple living areas capturing the panoramic easterly views
Versatile lower level featuring a secure double garage, a large rumpus room, and significant storage
Established yard on a commanding 903m² footprint
Projected rental return of $500 per week
Rates: $447 per quarter
Disclaimer: Information published by Our City Real Estate on its website and in its advertising and marketing materials is obtained from sources the Agency deems trustworthy and reliable. While we make every effort to obtain and use accurate information we take no responsibility for any inaccuracies within that information and will not be liable for any losses incurred through its use. We recommend that interested people source their own information before making decisions.
Listing description written by Adam Harrison, Our City Real Estate — reproduced as published, not verified by Districts.