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VIC › Blackburn South › Barrina St

23/26 Barrina St, Blackburn South VIC 3130

For saleRetirement

$590,000

For sale

Asking

2

Bedrooms

1

Bathrooms

1

Car spaces

136 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $590,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $590,000(Listing record · 22 May 2026)
  • CalculationAsk is 55% below the Blackburn South median recorded sale ($1,310,000, n=28, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Blackburn South's advertised median rent ($587/wk), implied gross yield would be 5.17% — 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

$590,000

Asking · $4,338/m² of land

No recorded sale for this property.

Blackburn South at a glance

11,001

People

$1,310,000

Median sale

$587/wk

Median rent

2.33%

Suburb gross yield

Median sale from 28 recorded sales (last 12 months) — a Districts calculation.

See the full Blackburn South report →

Vs Blackburn South

-55.0%

Median sale

Suburb $1,310,000

+2.84 pp

Gross yield

Suburb 2.33%

Suburb median $1,310,000 from 28 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$590,000
Stamp Duty (Victoria)
$30,470
Transfer/Registration Fee
$1,485
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
$625,655

$35,655 on top of the price (6.0% 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 Blackburn South's advertised median rent — not a rent for this listing.

Net yield
3.67%
Annual cashflow (pre-tax)
$-9,006
Interest cover (DSCR)
0.71
Annual rent
$30,524
Operating expenses
$8,850
Loan amount
$472,000
Annual interest
$30,680
Gross yield
5.17%

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$590,000available22 May 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 $587/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 5.2%. 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

Blackburn South in one glance

Blackburn South at a glance

11,001

People

$1,310,000

Median sale

$587/wk

Median rent

2.33%

Suburb gross yield

Median sale from 28 recorded sales (last 12 months) — a Districts calculation.

See the full Blackburn South report →

Keep researching

  • Why Blackburn South? Read the area thesis →
  • What else is on the market in Blackburn South →
  • Other records on Barrina St →

Listing material

Listed by No Agent Property

Bright, Beautiful & Competitively Priced

Phone enquiries - please call 1300 594 794 and quote property ID 40056.

Looking for a fully renovated home that ticks every box without breaking the budget? Meet Unit 23 — a beautifully updated 2-bedroom home at Barrina Gardens Retirement Village, Blackburn South. Competitively priced and packed with quality finishes, this is a rare opportunity to secure an exceptional home in one of Melbourne’s most loved over-55s communities.

Thoughtfully positioned with a practical north-south orientation, this home is bathed in natural light throughout the day. Two skylights add to the bright, airy feel — a solar skylight in the toilet and a skylight in the bathroom ensure every corner of the home feels open and inviting, with no need to reach for the light switch during daylight hours.

Read the full description

The open-plan kitchen and living area has been fully renovated to an impressive standard, featuring premium 2-pac cabinetry, soft-close drawers, stone benchtops, and a c lever automatic external metal roller blind — perfect for managing light and warmth at any time of day. Hybrid flooring flows throughout the living areas, while plush carpet in both bedrooms keeps things cosy underfoot.

Both bedrooms include built-in wardrobes, and the home offers the convenience of a separate bathroom and toilet, plus a separate laundry. When it comes to year-round comfort, Unit 23 goes above and beyond — a brand-new split-system provides efficient heating and cooling, while a classic gas wall furnace adds warm, reliable heating on those cooler Melbourne days and nights. Safety and security are covered with a monitored alarm system and personal pendants, so peace of mind is always within reach.

Outside, a large and easy-to-maintain backyard provides a wonderful private retreat — space to garden, relax, or entertain without the burden of endless upkeep. And with the Community Centre just a short stroll away, you’ll be at the heart of village life in no time.

A dedicated car space completes the package.

Features at a Glance:

* 2 Bedrooms with built-in wardrobes & carpet

* Open-plan kitchen — 2-pac cabinetry, soft-close drawers, stone benchtops & automatic external metal roller blind

* Hybrid flooring throughout living areas

* Solar skylight in toilet & skylight in bathroom

* Favourable north-south orientation

* Separate bathroom & separate toilet

* Separate laundry

* New split-system heating & cooling

* Gas wall furnace

* Monitored alarm system with personal pendants

* Large, easy-to-maintain backyard

* Close proximity to the Community Centre

* Dedicated car space

Life at Barrina Gardens

As a resident of Barrina Gardens, you’ll enjoy access to community facilities, a Residents Centre, activities, and 24/7 emergency assistance. Everything you need day-to-day is just moments away — Woolworths, Bunnings, cafes, Blackburn Station, hospitals, medical centres, and major shopping complexes are all within easy reach.

Competitively priced and move-in ready, Unit 23 is an outstanding opportunity that won’t last long.

26 Barrina Street, Blackburn South, Victoria 3130

DISCLAIMER While proudly assisting home owners to sell since 1999, No Agent Property takes every care to verify the accuracy of the details in this advertisement, but the correctness cannot be guaranteed.

Listing description written by No Agent Property - VIC, No Agent Property — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Broadband
  • Courtyard
  • Dishwasher
  • Fully Fenced
  • Pet-Friendly
  • Shed

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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.