Koroit at a glance
2,288
People
$657,500
Median sale
$544/wk
Median rent
4.30%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
VIC › Koroit › Walkers Ln
$630,000
Last sold
5 Oct 2021
3
Bedrooms
2
Bathrooms
2
Car spaces
4,037 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
$630,000
5 Oct 2021 · derived via latest_sale
Local land rate: recorded House sales in Koroit (last 5 years) with land size have a median of $744/m² of land (n=25). Districts calculation from recorded sales — not a valuation.
Koroit at a glance
2,288
People
$657,500
Median sale
$544/wk
Median rent
4.30%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
Vs Koroit
-4.2%
Median sale
Suburb $657,500
+0.19 pp
Gross yield
Suburb 4.30%
Suburb median $657,500 from 14 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 $544/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
Koroit at a glance
2,288
People
$657,500
Median sale
$544/wk
Median rent
4.30%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Stockdale & Leggo WarrnamboolEscape the city in style and enjoy your own little piece of paradise... this lovely property offers lifestyle and convenience in a sought after semi-rural location on the fringe of Koroit, with Tower Hill reserve, Killarney beach and local schools, shops, services all just moments away.
Set on an elevated approx 4037m2 (1 acre) site of rich volcanic soil and lush gardens, the house is situated at the top of the block taking in sweeping rural views to the North. Built in 2013 by GJ Gardner, the charming brick home with colorbond roof has plenty to offer including: 3 good sized bedrooms with BIRs plus a small 4th/ study/ sewing room; master bedroom with WIR and ensuite; light-filled open plan living with impressive views and sunny Northerly aspect; well-equipped kitchen with long island bench, 900mm oven, dishwasher and pantry; smart family bathroom, separate laundry and toilet and internal access from the double garage. The garage is currently set up as half storage/ half salon/studio but could easily be converted back if required. The house has a wood heater in the L shaped open living area plus a reverse cycle split system for heating/cooling, lots of storage and a functional floorplan.
Just over 8 years old, you could just move straight into this property, kick back, relax, enjoy the views and some peace and quiet! Or in this sought after location and in this accessible price range, move in and add your own ideas. The gardens have been established and all the hard work outside has been done but there is certainly scope to add your own touches if you wanted. For example there's an open hay shed for storage but room for you to add more sheds and plenty of street frontage for vehicular access in and out. The country setting means country services, so you have power and phone, bottled gas, septic and freshwater tanks; there is no town water or sewerage. There is an old disused bore on the site that could be rejuvenated. Intriguingly, there is also the original old cottage at the NE corner of the property where the current vendors stayed while they were building the new house. Given the current planning scheme, the old cottage and outbuildings cannot be used as a second dwelling and as such, services to it have been disconnected. However, there is potentially scope for alternate use both now and/or later on subject to Council approval.
The beauty of this property is that you feel like you're in the sticks but all city infrastructure and amenities are just moments away. You can awaken to birdsong, relax in the gardens and silently observe the visiting wildlife (you can expect a visit from koalas, emus, wallabies from time to time...), enjoy the serenity and the feeling of open space with neighbours close but not too close, escape the hustles and bustles of life, throw away the TV... but you can also nip down to the supermarket or the takeaway, go out for tea or meet with friends, walk along the beach etc in just a 5 minute drive.
Ideally located between Warrnambool & Port Fairy, in a quiet street on the Tower Hill side of Koroit, this is a sweet property in a picturesque setting that will impress on inspection. Call us today to arrange your private viewing.
Listing description written by Justin Allen, Stockdale & Leggo Warrnambool — reproduced as published, not verified by Districts.