Marong at a glance
2,165
People
$680,000
Median sale
$481/wk
Median rent
3.68%
Suburb gross yield
Median sale from 23 recorded sales (last 12 months) — a Districts calculation.
VIC › Marong › Malone Park Rd
$630,000
Last sold
28 Feb 2024
5
Bedrooms
2
Bathrooms
2
Car spaces
740 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Last sold
$630,000
28 Feb 2024 · derived via latest_sale
Local land rate: recorded House sales in Marong (last 5 years) with land size have a median of $917/m² of land (n=119). Districts calculation from recorded sales — not a valuation.
Marong at a glance
2,165
People
$680,000
Median sale
$481/wk
Median rent
3.68%
Suburb gross yield
Median sale from 23 recorded sales (last 12 months) — a Districts calculation.
Vs Marong
-7.4%
Median sale
Suburb $680,000
+0.29 pp
Gross yield
Suburb 3.68%
Suburb median $680,000 from 23 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning 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.
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
No advertised rent is recorded. Suburb median rent $481/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
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.
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
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.”
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
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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Marong at a glance
2,165
People
$680,000
Median sale
$481/wk
Median rent
3.68%
Suburb gross yield
Median sale from 23 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by PH PropertyFinding affordable land is the first challenge, then locking in a builder without breaking the budget is the next hurdle. So, when a 5 bedroom home that’s only a few years old becomes available, with plenty of room for the family and side access to a good-sized yard, it’s the perfect opportunity to jump onto.
The property is versatile, with 5 genuine bedrooms all with robes (the master with WIR), plus two living spaces internally – bedroom 2 however is quite large and could become a fantastic third living, adults retreat, or spacious home office if required.
The quality and upgrades have been sorted at the beginning for you – downlights throughout, large 900mm oven and cooktop, stone benchtops in the kitchen with recessed double sink in the large island bench, and floating timber floors through the high traffic areas and living spaces. The bathrooms are no exception, with floor to ceiling tiles, shower niches, floating vanities and stone benchtops again. The ensuite has the additions you’d want in a larger home too, of course – double basins and 1200mm shower provide that extra bit of luxury for the master suite.
Car accommodation is no problem with a double garage measuring 6m x 5.8m and allowing internal access as well as a PA door for access to the backyard. There’s also drive-through access via the side of the home for parking larger vehicles or storing caravans and boats etc. There’s a 6m x 3m shed at the rear of the property currently, and plenty of scope to add a larger one or extend on the current setup if needed.
With a large family home, it’s likely you’ll be entertaining friends and family at home and will want as much space outside as there is inside to do so – the 7m x 3m alfresco with pull down blinds comes straight off the dining area and then wraps around to adjoin the massive 7.5m x 6m entertaining area at the rear of the property. The fireplace here assists in being able to enjoy this extra space all year round.
Whilst the property in its current form has everything most families will require3 straight off the bat, there’s still plenty of room on the block to value add and create finish that is unique to your style and requirements. This opportunity represents genuine value for those wanting a decent sized, functional family home and is one that should not be missed.
Listing description written by Simon Dean, PH Property — reproduced as published, not verified by Districts.