Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

VIC › Cobblebank › Ivory St

23 Ivory St, Cobblebank VIC 3338

House

$647,000

Last sold

2 June 2026

4

Bedrooms

2

Bathrooms

2

Car spaces

350 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 $647,000 (2 June 2026).(Recorded sale)
  • FactLand 350 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Cobblebank (last 5 years) with land size: median $1,611/m² of land (n=143). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • FactZoned URBAN GROWTH ZONE - SCHEDULE 3 (UGZ3) under the ZN.(Vicmap Planning · 30 Aug 2026)

What could make it worth less?

  • FactDEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 3 intersects 99.8% of this parcel.(Vicmap Planning · 30 Aug 2026)

What should you verify next?

  1. 1DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 3 affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  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

What this lot has actually traded at

Last sold

$647,000

2 June 2026 · derived via latest_sale

Local land rate: recorded House sales in Cobblebank (last 5 years) with land size have a median of $1,611/m² of land (n=143). Districts calculation from recorded sales — not a valuation.

Cobblebank at a glance

5,549

People

$648,500

Median sale

$493/wk

Median rent

3.95%

Suburb gross yield

Median sale from 82 recorded sales (last 12 months) — a Districts calculation.

See the full Cobblebank report →

Vs Cobblebank

-0.2%

Median sale

Suburb $648,500

+0.01 pp

Gross yield

Suburb 3.95%

Suburb median $648,500 from 82 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning scheme

ZN

Zone

URBAN GROWTH ZONE - SCHEDULE 3

UGZ3

Jurisdiction

Melton

Melton, VIC

Planning overlays

  • DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 3Detected — 99.8% of parcel

Development activity

Data unavailable

Source

  • Provider: Vicmap Planning
  • Dataset: PLAN_ZONE
  • Retrieved: 30 Aug 2026
  • Version: 1
  • Parcel: 52728346

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. Sold$647,0002 June 2026
  2. Listedprice unknowncompleted21 Apr 2026
  3. Listedprice unknowncompleted21 Apr 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?

Confidence: medium

Zoned URBAN GROWTH ZONE - SCHEDULE 3 · UGZ3 (ZN). Official parcel area about 123,587 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: low

Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Official parcel about 123,587 m² — land size can look like optionality. What reduces it: DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 3. This overlay can reduce what the land size appears to promise. 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 $493/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

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

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.

3 of 10 questions answered so far

  • Development optionality of this lot

    Knownmedium

    Zoned URBAN GROWTH ZONE - SCHEDULE 3 · UGZ3 (ZN). Official parcel area about 123,587 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?

    Knownlow

    Official parcel about 123,587 m² — land size can look like optionality. What reduces it: DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 3. This overlay can reduce what the land size appears to promise.

  • Lot-level flood

    Unknown

    Flood overlay has not been queried for this lot. 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

    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

Cobblebank in one glance

Cobblebank at a glance

5,549

People

$648,500

Median sale

$493/wk

Median rent

3.95%

Suburb gross yield

Median sale from 82 recorded sales (last 12 months) — a Districts calculation.

See the full Cobblebank report →

Keep researching

  • Why Cobblebank? Read the area thesis →
  • What else is on the market in Cobblebank →
  • Other records on Ivory St →

Listing material

Listed by YPA Melton

THE PERFECT OPPORTUNITY

Situated in the wonderful Willowstone Estate of Cobblebank, this fantastic 4-year-old home built by Carlisle Homes provides any buyer the opportunity to purchase their perfect home! Located in the heart of Cobblebank this property sits within walking distance to Strathtulloh Primary School, Cobblebank Secondary College (opening 2026), Cobblebank Village, Cobblebank Train Station and the future Melton Hospital this property cannot get anymore central to every amenity!

This low maintenance open plan home has everything you could possibly need. As you walk in you are greeted by the generously sized master bedroom, featuring a walk-in and open ensuite featuring larger shower, stone benchtop and double vanity.

Moving through the wide hallway you are led to the first living area, providing the perfect space for the family movie nights, or space to entertain the family.

Read the full description

The heart of the home features the open plan family and meals area which perfectly incorporates the modern kitchen which boasts 40mm stone benchtops, stainless-steel 900mm gas cooktop and electric oven, plenty of bench and cupboard space, dishwasher and a walk-in pantry creating the perfect family domain.

This overlooks the great sized living and dining area ideal for all family types and events! The remaining three bedrooms located at the rear of the home are all great size with two of these featuring walk in robes and one boasting a built-in robe. These are all serviced by a modern & convenient central bathroom ideal for any family.

Stepping outside you will notice the great alfresco area, ideal for entertaining, the exterior of the property is finished off with low maintenance landscaped front and rear gardens with concrete surrounding the entire home.

Other features include; ducted heating, evaporative cooling, 9-foot ceilings, double car garage, stone benchtops, exposed aggregate concrete, walk in pantry, double car garage with internal and external access to the backyard and so much more!

Avoid disappointment, call Ricky or Tahlia today to enquire!

(Photo ID is Required at all Open For Inspections)

At YPA Melton “Our Service Will Move You”

DISCLAIMER: Every precaution has been taken to establish the accuracy of the above information but it does not constitute any representation by the vendor/agent and agency.

Listing description written by Ricky Frew, YPA Melton — reproduced as published, not verified by Districts.

Property features

  • Built-in Robes
  • Dishwasher
  • Ducted Heating
  • Fully Fenced
  • Outdoor Entertaining
  • Remote Garage
  • Rumpus Room
  • Secure Parking
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.