Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

VIC › Winter Valley › Cormorant Grange

22 Cormorant Grange, Winter Valley VIC 3358

For saleHouse for Sale

$700,000–$720,000

For sale

Asking range

4

Bedrooms

3

Bathrooms

2

Car spaces

350 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $700,000–$720,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $700,000–$720,000(Listing record · 1 July 2026)
  • CalculationAsk is 13% above the Winter Valley median recorded sale ($618,000, n=120, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Winter Valley's advertised median rent ($498/wk), implied gross yield would be 3.70% — 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

$700,000–$720,000

Asking range · $2,000/m² of land

No recorded sale for this property.

Winter Valley at a glance

5,403

People

$618,000

Median sale

$498/wk

Median rent

4.19%

Suburb gross yield

Median sale from 120 recorded sales (last 12 months) — a Districts calculation.

See the full Winter Valley report →

Vs Winter Valley

+13.3%

Median sale

Suburb $618,000

-0.49 pp

Gross yield

Suburb 4.19%

Suburb median $618,000 from 120 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
$700,000
Stamp Duty (Victoria)
$37,070
Transfer/Registration Fee
$1,742
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
$742,512

$42,512 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 Winter Valley's advertised median rent — not a rent for this listing.

Net yield
2.20%
Annual cashflow (pre-tax)
$-21,004
Interest cover (DSCR)
0.42
Annual rent
$25,896
Operating expenses
$10,500
Loan amount
$560,000
Annual interest
$36,400
Gross yield
3.70%

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$700,000–$720,000available1 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 $498/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 3.7%. 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

Winter Valley in one glance

Winter Valley at a glance

5,403

People

$618,000

Median sale

$498/wk

Median rent

4.19%

Suburb gross yield

Median sale from 120 recorded sales (last 12 months) — a Districts calculation.

See the full Winter Valley report →

Keep researching

  • Why Winter Valley? Read the area thesis →
  • What else is on the market in Winter Valley →
  • Other records on Cormorant Grange →

Listing material

Listed by Investate International

A Brand New Flexible Residential Investment with Multiple Strategies

Brand New. High Rental Yield. Versatile layout. Strong residential appeal.

Positioned in the rapidly growing Winter Valley community, this brand-new four-bedroom residence presents an outstanding opportunity for families and owner-occupiers, investors, co-living operators seeking a modern property with genuine flexibility.

With four bedrooms, three bathrooms, generous living areas and a practical floorplan, the property offers the fundamentals of a quality residential investment while providing additional options for buyers looking to explore alternative rental and shared-living strategies.

Read the full description

In an evolving property market, flexibility matters. This home allows investors to consider different approaches today while retaining the ability to adapt their strategy in the future.

Key Property Features

• Brand-new four-bedroom residence

• Rental income under co-living style $900PW, rental yield will be 6.7%

• Three bathrooms offering excellent functionality for residents and tenants

• Spacious open-plan kitchen, living and dining area

• Modern kitchen with quality finishes

• Well-separated bedrooms providing privacy and flexibility

• Additional bedroom suitable for guests, home office or flexible living arrangements

• Multiple bathrooms supporting larger households or shared living

• Split-system heating and cooling

• Double lock-up garage

• Outdoor entertaining area

• Contemporary, low-maintenance design

An Investment with Options

The strength of this property lies in its versatility.

For investors, the practical configuration creates the opportunity to consider a range of residential strategies, including:

✔ Traditional residential investment – lease the property as a quality four-bedroom home to a family or household.

✔ Flexible shared-living arrangements – explore co-living or shared accommodation models where appropriate, making use of the property's multiple bedrooms, bathrooms and generous communal areas.

✔ Alternative rental strategies – consider different occupancy and leasing structures to suit changing market conditions and tenant demand, subject to applicable requirements.

✔ Owner-occupier appeal – retain strong resale and lifestyle appeal for families, professionals and multi-generational households.

This combination gives investors something increasingly valuable: the ability to adapt.

Rather than being designed around one narrowly defined investment model, this property retains broad residential appeal while offering additional possibilities for investors who are prepared to think beyond a conventional rental.

Investor's highlights

• Modern construction

A brand-new home means contemporary finishes, modern functionality and less immediate maintenance compared with older housing stock.

• Four-bedroom configuration

A versatile floorplan can appeal to a broad tenant market, including families, professional households and shared-living arrangements.

• Three bathrooms

Additional bathrooms provide an important point of difference for larger households and enhance the property's flexibility.

• Multiple rental strategies

The property can be considered for conventional whole-property leasing, flexible shared living or other residential arrangements, subject to applicable requirements.

• Strong residential appeal

Even if an investor chooses a conventional rental strategy, the property remains a modern and highly functional home in a growing residential community.

Winter Valley - A Growing Investment Location

Located in one of Ballarat's expanding residential communities, Winter Valley continues to benefit from population growth, new housing development and improving local amenities.

The property is conveniently positioned:

• Approximately 12 minutes to Ballarat CBD

• Approximately 3.6km to Delacombe Town Centre

• Close to supermarkets, retail, dining and essential services

• Convenient access to medical facilities including JSN Medical and Grampians Health Ballarat

• Near parks, wetlands, walking trails and open green spaces

• Well connected to Ballarat and surrounding suburbs via public transport

A Property Designed for Flexibility

For investors seeking a straightforward residential rental, this property offers a modern four-bedroom home with high rental yields in a growing community.

For those looking for something different, the layout provides the flexibility to explore shared living, co-living or other rental strategies.

And for owner-occupiers, it is simply a spacious, contemporary home with room to accommodate changing lifestyle needs.

One property. Multiple strategies. Greater flexibility.

If you're looking for a modern residential investment that gives you more than one pathway, this Winter Valley property deserves serious consideration.

Contact us today to arrange an inspection and explore the investment possibilities.

Listing description written by Novine Zhang, Investate International — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Alarm System
  • Broadband
  • Built-in Robes
  • Courtyard
  • Dishwasher
  • Ensuites: 1
  • Floorboards
  • Fully Fenced
  • Intercom
  • Living Areas: 1
  • Outdoor Entertaining
  • Remote Garage
  • Study
  • Toilets: 3
  • Water Tank
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.