Lake Gardens at a glance
1,722
People
$795,000
Median sale
$433/wk
Median rent
2.83%
Suburb gross yield
Median sale from 19 recorded sales (last 12 months) — a Districts calculation.
VIC › Lake Gardens › Cinnamon Dr
$575,000
Last sold
6 June 2018
4
Bedrooms
2
Bathrooms
2
Car spaces
441 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
$575,000
6 June 2018 · derived via latest_sale
Local land rate: recorded House sales in Lake Gardens (last 5 years) with land size have a median of $1,550/m² of land (n=73). Districts calculation from recorded sales — not a valuation.
Lake Gardens at a glance
1,722
People
$795,000
Median sale
$433/wk
Median rent
2.83%
Suburb gross yield
Median sale from 19 recorded sales (last 12 months) — a Districts calculation.
Vs Lake Gardens
-27.7%
Median sale
Suburb $795,000
+1.09 pp
Gross yield
Suburb 2.83%
Suburb median $795,000 from 19 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 $433/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
Lake Gardens at a glance
1,722
People
$795,000
Median sale
$433/wk
Median rent
2.83%
Suburb gross yield
Median sale from 19 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by PRD BallaratWith a premium Lake Garden address, this stunning contemporary home's skilful combination of multiple living zones and expansive proportions ensures fabulous family flexibility on an easily managed parcel of land.
Ideal for today's busy lifestyle, this luxurious accommodation offers clean lines and an abundance of natural light, close to public and private schools, popular shopping precincts along with the beauty of Lake Wendouree and the Botanic Gardens just a five minute walk away. Further advantages include the effortless task to commute to & from Melbourne; just leave your car parked within the double lock up garage and stroll just moments away to the Wendouree train station; - now you can't ask much better than that.
From the external stone features, the double glazed windows, the pendant feature lighting, the designer wall paper and the 2.7m ceilings, this two year old home not only offers a striking faade, it also offers a high class residence with uncompromised style to enjoy.
The double door entry and hallway takes you past the ‘LED-lit' niches and extensive built in storage to the unique study nook which is designed with communication windows to the heart of the home. Perfectly linked, yet offering study-like privacy, this area is ideal for children's homework or ideal for a comprehensive home office.
A formal living area is available to reflect on the day's activities or snuggle up for a movie night, while the dining zone and family domain is filled with light for ‘day to day' entertaining.
The incredible kitchen boasts reflective splash backs, a generous hostess pantry combined with stainless steel appliances, stone benches along with direct connection to the LED-lit decked alfresco.
This sophisticated zone is highly private with a tall brick fence to the rear and full colourbond fences to each side. Finished with neat pathways, artificial turf and low maintenance gardens, this property certainly offers a ‘lock up & leave' option for retirees, young families and/or investors.
The master suite is fitted with a seductive ensuite and 'his & her' walk through robes, while three additional bedrooms are served by a stylish family bathroom, separate toilet and an independent laundry with puppy chute and an amazing fully fitted double drying cupboard
Additional extras include; quality floor coverings and window furnishings, a monitored alarm system, a gas log fire and central heating with zoning, refrigerated air conditioning, Pay TV Access, solar hot water, internal access to remote garage and an exposed aggregate driveway for further off street parking.
Clearly designed with entertaining in mind, this near new home rent appraised at $500 - $550 per week sits amongst further architectural homes in a highly coveted location in ‘Botanica' estate. The current owners are considerate of renting back from a potential investor.
This is a quality home which is simply irresistible - call today for further details.
Listing description written by Don Hanlon, PRD Ballarat — reproduced as published, not verified by Districts.