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VIC › Myrtleford › Lower River Rd

22 Lower River Rd, Myrtleford VIC 3737

For saleHouse for Sale

$997,000

For sale

Asking

4

Bedrooms

2

Bathrooms

0

Car spaces

10,764.638 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $997,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $997,000(Listing record · 26 Mar 2026)
  • FactLand 10,765 m²; no building size recorded.(Property record)
  • CalculationAsk is 15% above the Myrtleford median recorded sale ($865,000, n=7, last 24 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Myrtleford's advertised median rent ($400/wk), implied gross yield would be 2.09% — 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

$997,000

Asking · $93/m² of land

No recorded sale for this property.

Myrtleford at a glance

3,175

People

$865,000

Median sale

$400/wk

Median rent

2.40%

Suburb gross yield

Median sale from 7 recorded sales (last 24 months) — a Districts calculation.

See the full Myrtleford report →

Vs Myrtleford

+15.3%

Median sale

Suburb $865,000

-0.31 pp

Gross yield

Suburb 2.40%

Suburb median $865,000 from 7 recorded sales (last 24 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$997,000
Stamp Duty (Victoria)
$54,835
Transfer/Registration Fee
$2,437
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
$1,057,972

$60,972 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

Pre-filled with Myrtleford's advertised median rent — not a rent for this listing.

Net yield
0.59%
Annual cashflow (pre-tax)
$-45,999
Interest cover (DSCR)
0.11
Annual rent
$20,800
Operating expenses
$14,955
Loan amount
$797,600
Annual interest
$51,844
Gross yield
2.09%

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$997,000available26 Mar 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 $400/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.

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 2.1%. 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

Myrtleford in one glance

Myrtleford at a glance

3,175

People

$865,000

Median sale

$400/wk

Median rent

2.40%

Suburb gross yield

Median sale from 7 recorded sales (last 24 months) — a Districts calculation.

See the full Myrtleford report →

Keep researching

  • Why Myrtleford? Read the area thesis →
  • What else is on the market in Myrtleford →
  • Other records on Lower River Rd →

Listing material

Listed by Myrtleford Real Estate & Livestock

Productive Land, Renovation Potential & Town Proximity

Spanning a generous 2.66 acres of fertile land, this property offers a turnkey hobby farm lifestyle while providing the perfect canvas for those looking to add significant value through a home renovation.

The hard work has already been done. The property features an abundant, established cherry orchard that is primed for its next harvest. Whether you are looking for a commercial side-hustle or the ultimate farm-to-table lifestyle, this land delivers.

- The property includes a large shed equipped with an extra-large cool room, perfectly suited for storing your harvest or running a boutique agricultural business right from home.

Read the full description

- With 2.66 acres of premium fertile land, there is ample room to expand the orchard, keep livestock, or establish the massive vegetable "patch" you've always dreamed of.

Tucked away for ultimate privacy, the existing 4-bedroom, 2-bathroom home is a classic 70s build with "good bones" and a solid foundation.

The home is perfectly positioned to take advantage of the rural outlook. It's a renovator's dream-offering the chance to breathe new life into a spacious floor plan to create a modern farmhouse or a retro-chic homestead that fits your exact style.

Despite the absolute peace and privacy of the farm, you are less than 4km from the heart of Myrtleford. Enjoy the luxury of secluded acreage while being just minutes away from local schools, boutique shops, and the region's famous food and wine scene.

Beyond the orchard, the property is equipped with a large, high-clearance shed designed for functionality. The standout feature is the extra-large, walk-in cool room, providing the professional-grade storage needed to manage a high-yield cherry harvest. Whether you're looking to sell commercially, supply local markets, or store your own farm-to-table produce, this setup is a game-changer for any serious grower or home-based business.

Key Features at a Glance:

- 2.66 Productive Acres: Fully fenced with high-quality soil.

- Abundant Cherry Orchard, Established trees ready for the picking.

- Large Shed with XL Cool Room: Essential infrastructure for any serious grower.

- 4-Bed, 2-Bath 70s Home: A secluded, spacious residence ripe for renovation.

Prime Location: Absolute privacy just 4km from the town center.

Whether you're a hobby farmer, a tradie needing shed space, or a family looking for a "tree change", 22 Lower River Road is an opportunity like no other.

Listing description written by Ben McIntyre, Myrtleford Real Estate & Livestock — reproduced as published, not verified by Districts.

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.