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VIC › Greensborough › Corowa Cres

23 Corowa Cres, Greensborough VIC 3088

House

$740,000

Last sold

11 May 2019

4

Bedrooms

2

Bathrooms

2

Car spaces

640 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $740,000 (11 May 2019).(Recorded sale)
  • FactLand 640 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Greensborough (last 5 years) with land size: median $1,645/m² of land (n=10). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • FactZoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 (GRZ1) under the ZN.(Vicmap Planning · 2 Sept 2026)

What could make it worth less?

  • FactBUSHFIRE MANAGEMENT OVERLAY intersects 99.8% of this parcel.(Vicmap Planning · 2 Sept 2026)
  • FactSIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 16 intersects 99.8% of this parcel.(Vicmap Planning · 2 Sept 2026)
  • FactENVIRONMENTAL SIGNIFICANCE OVERLAY - SCHEDULE 3 intersects 99.8% of this parcel.(Vicmap Planning · 2 Sept 2026)
  • FactLAND SUBJECT TO INUNDATION OVERLAY intersects 11.4% of this parcel.(Vicmap Planning · 2 Sept 2026)
  • FactENVIRONMENTAL SIGNIFICANCE OVERLAY - SCHEDULE 1 intersects 1.9% of this parcel.(Vicmap Planning · 2 Sept 2026)

What should you verify next?

  1. 1BUSHFIRE MANAGEMENT OVERLAY affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  2. 2SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 16 affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  3. 3ENVIRONMENTAL SIGNIFICANCE OVERLAY - SCHEDULE 3 affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  4. 4LAND SUBJECT TO INUNDATION OVERLAY affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  5. 5ENVIRONMENTAL SIGNIFICANCE OVERLAY - SCHEDULE 1 affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  6. 6No 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

What this lot has actually traded at

Last sold

$740,000

11 May 2019 · derived via latest_sale

Local land rate: recorded House sales in Greensborough (last 5 years) with land size have a median of $1,645/m² of land (n=10). Districts calculation from recorded sales — not a valuation.

Greensborough at a glance

21,488

People

No data

Median sale

$554/wk

Median rent

No data

Suburb gross yield

See the full Greensborough report →

Planning

Planning and development

Planning scheme

ZN

Zone

GENERAL RESIDENTIAL ZONE - SCHEDULE 1

GRZ1

Jurisdiction

Nillumbik

Nillumbik, VIC

Official property report

The original government planning document for this property. Sign in to view or download the PDF. Districts facts are a separate GIS extract and may not include every statement in the report.

Planning overlays

  • SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 16Detected — 99.8% of parcel

Development activity

Data unavailable

Source

  • Provider: Vicmap Planning
  • Dataset: PLAN_ZONE
  • Retrieved: 2 Sept 2026
  • Version: 1
  • Parcel: 904608

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

Detected — official

The official layer maps a flood zone on this parcel, intersecting about 11.4% of it (Vicmap Planning, retrieved 2 Sept 2026). Verify the extent against the title before relying on unaffected land.

Bushfire

Detected — official

The official layer maps a bushfire risk zone on this parcel, intersecting about 99.8% of it (Vicmap Planning, retrieved 2 Sept 2026). Verify the extent against the title before relying on unaffected land.

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. Sold$740,00011 May 2019
  2. Listedprice unknowncompleted10 Apr 2019
  3. Listedprice unknowncompleted10 Apr 2019

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?

Confidence: medium

Zoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 647 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: medium

11.4% of the official parcel intersects the loaded flood overlay. Layer: LAND SUBJECT TO INUNDATION OVERLAY. That is a finance, insurance, and rentability screen — distinct from whether the land can be subdivided. It is not a flood certificate or an insurer quote. Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Official parcel about 647 m² — land size can look like optionality. What reduces it: BUSHFIRE MANAGEMENT OVERLAY; SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 16; ENVIRONMENTAL SIGNIFICANCE OVERLAY - SCHEDULE 3; LAND SUBJECT TO INUNDATION OVERLAY; ENVIRONMENTAL SIGNIFICANCE OVERLAY - SCHEDULE 1. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack. 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 $554/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. Flood on or flagged for this lot can discount tenant demand versus a dry comparable.

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

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

What this means for this property

Districts view

This looks more like a hold-as-is house than a development site. Flood on the lot is the first thing to price.

Detail

Official parcel about 647 m² — land size can look like optionality. What reduces it: BUSHFIRE MANAGEMENT OVERLAY; SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 16; ENVIRONMENTAL SIGNIFICANCE OVERLAY - SCHEDULE 3; LAND SUBJECT TO INUNDATION OVERLAY; ENVIRONMENTAL SIGNIFICANCE OVERLAY - SCHEDULE 1. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.

Read more

Nearby competing dwellings and net yield are still unknown.

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.

4 of 10 questions answered so far

  • Development optionality of this lot

    Knownmedium

    Zoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 647 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.

  • 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?

    Knownmedium

    Official parcel about 647 m² — land size can look like optionality. What reduces it: BUSHFIRE MANAGEMENT OVERLAY; SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 16; ENVIRONMENTAL SIGNIFICANCE OVERLAY - SCHEDULE 3; LAND SUBJECT TO INUNDATION OVERLAY; ENVIRONMENTAL SIGNIFICANCE OVERLAY - SCHEDULE 1. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.

  • Lot-level flood

    Knownmedium

    11.4% of the official parcel intersects the loaded flood overlay. Layer: LAND SUBJECT TO INUNDATION OVERLAY. That is a finance, insurance, and rentability screen — distinct from whether the land can be subdivided. It is not a flood certificate or an insurer quote.

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    No DA adapter returned applications 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

Greensborough in one glance

Greensborough at a glance

21,488

People

No data

Median sale

$554/wk

Median rent

No data

Suburb gross yield

See the full Greensborough report →

Keep researching

  • Why Greensborough? Read the area thesis →
  • What else is on the market in Greensborough →
  • Other records on Corowa Cres →

Listing material

Listed by Darren Jones Greensborough

Family Home on the Plenty River Trail

Size, space and a superb lifestyle location are just the start of the highlights on offer with this four bedroom, two bathroom home, enjoying all the benefits of direct access and views to the Plenty River Trail from its deep rear yard. Three generous living areas across two spacious levels are complemented by an elevated deck delivering a tree top outlook, and a paved entertainment area under shade sails. Indoors or out, theres no shortage of choiceor space! Position perfect, it has the bus at the end of the street and is within minutes of Apollo Parkways schools, shops, cafe and supermarket. A carport, garage and separate trailer/boat/caravan parking with its own crossover add to flexible appeal.

~ Kitchen with Ilve 900 mm oven

~ Timber floors

Read the full description

~ Ducted heating. A/C units

~ Main with ensuite, walk in robe

~ Family bathroom with spa

~ Decked and paved alfresco areas

~ Parent retreat/rumpus depending on your needs

PHOTO ID REQUIRED AT ALL OPEN FOR INSPECTIONS

Listing description written by Daniel Leibowitz, Darren Jones Greensborough — reproduced as published, not verified by Districts.

Property features

  • Dishwasher
  • Ducted Heating
  • Ensuites: 1
  • Floorboards
  • Fully Fenced
  • Indoor Spa
  • Living Areas: 1
  • Outdoor Entertaining
  • Rumpus Room
  • Toilets: 2

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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.